The term mortgaging refers to the act of acquiring a loan by means of leaving a property as security. In such cases there are two prominent parties between whom the transaction is set to take place. These are the land owners or the mortgagees and the buyers or borrowers or the mortgagors. It is needless to say that in these cases it I usually the land owners who have the say in all matters regarding the loan terms and repayment or reimbursement details and it is usually on the part of the borrowers or mortgagees to accept the loan terms according to their convenience. However, in Portugal, the presence of mediators like the estate agents do not allow any form of high handedness on the part of the land owners or the borrowers and they work for the benefit of both parties.

According to the terms and conditions set forth by the relevant authorities, the land owner has certain rights which he can exercise in accordance with the legal regulations for his benefit and in case of any discrepancy. For example, in case of non-payment of rents over prolonged periods can enable the landlord to cancel the contract. Moreover, at times the tenants may also misuse the property which has been given to them in various ways like carrying out unlawful practices, using the site for use by others or renting out portions of the property to some other individual and appropriating rent from them. Also, in case of long term non-use of the rented property, the land owner may cancel the agreement. In Portugal, the landowner is also given the authority of sending notices to the tenant if the landlord is to indulge in some construction work and has been granted the building permit. Also if required for personal use the landlord does have the right to notify the tenant with time in hand. All these factors need to be borne in mind before any kind of property transaction.