1)In an assignment/sub-demise, the mortgagor conveys the whole or part of his interest to the mortgagee, whereas the mortgagor by way of a legal charge does not convey any interest in the property. However, the mortgagee enjoys the same right as that of a legal mortgagee created by assignment/sub demise.
2)By a charge the mortgagor can charge several properties. If the mortgages were by assignment/sub-demise, each of the properties would have to be conveyed by a separate instrument.
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3)When the head-lessor prohibits the assignment of the property, such property may still be charged without liability, unlike in assignment and sub-demise.
To be continued with DOCUMENTS RQUIRED TO PROCESS GOVERNOR’S CONSENT TO LEGAL MORTGAGE OF LANDS
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