Hawaii Revised Statutes 501-157 – Reregistration of mortgage or lease after partition
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Hawaii Revised Statutes 501-157
- judgment: includes an order or decree having the effect of a judgment. See Hawaii Revised Statutes 501-151
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
When a certified copy of a judgment for partition and of the return of the commissioners, if any, is presented for registration, if a mortgage or lease affecting a specific portion or an undivided share of the premises has previously been registered, the tenant claiming under the mortgagor or lessor shall cause the mortgage or lease to be again presented for registration. The assistant registrar shall indorse on each a memorandum of the partition, with a description of the land set off in severalty on which the mortgage or lease remains in force.