Section 25 Mortgage and Property Law of Lagos State

Section 25 of the Mortgage and Property Law of Lagos State 2010 is about Matters which the Court must take into consideration when giving orders. It provides as follows:

A court must take into consideration the following items before giving any order—
(a) the prevailing interest rates for mortgage lending;

(b) the general availability of hosing or lack of it;

(c) the comparative ability of party to give monetary compensation;

(d) a party who is found by the Court to have deliberately delayed any proceedings to enforce a mortgage transaction under this Law shall be liable to pay any costs, additional cost and expenses incurred by the other party by reason of such delay;

(e) a party who declined a genuine offer to settle and failed to do better at judgment shall pay any or all the cost incurred by the party who offered after the date of offer.

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