Discuss all the possible types of estates along with applicable rights and legal requirements and possible types of mortgage loans mentioned in the case.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Alam a business person lives in Dhanmondi where he has to pay. Tk. 38000 per month as
rent. His father lives in comilla in his own house. The overall property of his father
amounting to be near about Tk. 1.25 crore. Alam has two more brothers and one sister. Alam
is planning to buy a ready flat in dhanmondi but due to lack of hard cash cannot afford the
required amount of down payment. He is asking his father to distribute their property. One of
his brother wishes to sale the property to a developer company. But alam did not support his
decision as he is planning to pledge the property for his loan. He is planning to take a home
loan from Eastern Bank Ltd where he has to pay around 20% as down payment. He is
looking for a guarantor for his loan as well as planning to accumulate fund for making down
payment.
Discuss all the possible types of estates along with applicable rights and legal requirements
and possible types of mortgage loans mentioned in the case.

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