How long can you mortgage property in monopoly?

Answer 1

when its your turn you can mortgage a property so long as you own the property and it has no houses or hotels on it. to mortgage it you just flip the card over and take from the bank however much it says the mortgage is worth (this is always half the value of the street). people who land on your street when it is mortgaged do not have to pay the rent. you can unmortgage your street when it is your turn again and if you sell or trade the street to another player when it is mortgaged then that player must adopt the mortgage and pay it themselves.

Answer 2

A morgage is a kind of sale of a property to the bank. To initiate a mortgage, turn the title deed card upside down. The bank pays you half of the original purchase price. You can un-mortgage a property later by paying the bank back the same amount plus some interest. I am unsure of the amount of interest.

You cannot collect rent on mortgaged properties.

You can't mortgage a property that has houses or hotels on it.

Answer 3

On the back of your property card you will see a Mortgage Amount (MA). To mortgage a property flip it over, and take the MA from the bank. If someone lands on the mortagaged property, they do not have to pay rent. However, when you own all the properties in one color, you double the original rent on the property card; even if one of the cards in the set of one color is mortgaged, the rent is still doubled (remember though, you do NOT collect rent on the actual mortgaged property).

To un-mortgage a property, flip it back over and pay the MA back to the bank; also add 10% interest on the money you pay back to the bank. Then you can go back to using your property as normal.

P.S. You can trade/sell a mortgaged property to another player. The property stays mortgaged though. As soon as they get that property, they must pay 10% interest of the MA to the bank EVEN if they DON'T want to unmortgage the property yet. If they elect to just pay the interest, but not the MA, the property stays mortgaged. Then when they want to un-mortgage it, they must pay the MA as well as another 10% in interest.

Answer 4

You can no longer collect rent if someone lands on it.

Answer 5

No that i know of No I don't think so

Answer 6

no