Laila Keith
Mortgaging properties in Monopoly is a way to get money when you're low on cash. You can mortgage any property for the amount shown on the back of the property card. You'll then flip the card face down to show that it's mortgaged and take that money from the bank. You can't collect rent on mortgaged properties, but you still own them. Once you have enough money, you can unmortgage a property by paying the bank the amount of the mortgage plus 10% interest.
| Characteristics | Values |
|---|---|
| What can be mortgaged? | Any property, but not a house. All houses and hotels on the properties must be sold back to the bank at half price before mortgaging. |
| How much money can be borrowed? | The mortgage value is printed on each title deed card. The bank gives around 50% of what was paid for the property. |
| How to signify a property is mortgaged | The deed card is turned face down, with the red side facing up. |
| Rent collection on mortgaged properties | No rent can be collected on mortgaged properties. Rent can be collected on unmortgaged properties in the same colour group. |
| Lifting the mortgage | Pay the bank the amount of the mortgage plus 10% interest. If the mortgage is not lifted immediately, an additional 10% interest must be paid to the bank. |
| Selling mortgaged property | The owner may sell the mortgaged property to another player at any agreed price. The new owner can lift the mortgage by paying off the mortgage plus 10% interest. |
| Building on mortgaged properties | If one property in a monopoly is mortgaged, you cannot build on the other properties in that monopoly. |
What You'll Learn
Mortgaging property in Monopoly means you can't collect rent
When you mortgage a property in Monopoly, you cannot collect rent from other players if they land on that property. The property deed card is turned face down to show that it's mortgaged, and you must pay the bank to unmortgage it. Mortgaging a property is a way to get money when you're low on cash. For example, if you land on Park Place and don't have enough money to pay the rent, you can mortgage another property, such as Pacific Avenue, to get the money you need. However, until you unmortgage Pacific Avenue, you cannot collect rent from other players if they land on it.
It's important to note that you can only mortgage properties if there are no houses on that color set. Additionally, if you have a monopoly and one property is mortgaged, you cannot build on the other properties in that monopoly. This means you cannot add houses or hotels to the other properties until none of the properties within that color group are mortgaged.
When you mortgage a property, you will receive around 50% of the property's original value, as printed on the property card. This is a one-time sum, and you will not collect any additional money from the mortgage until you pay to unmortgage it. To unmortgage a property, you must pay the bank the amount of the mortgage plus 10% interest. If you pay off the mortgage immediately, you only pay the mortgage amount plus 10%. However, if you wait to pay off the mortgage later, you will need to pay the mortgage amount plus 20%.
While you cannot collect rent on mortgaged properties, you can still charge rent for other unmortgaged properties within the same color group. Additionally, if you own all the properties in a color set but have not built any houses or hotels, you can charge double rent, even if some properties in that color group are mortgaged.
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You can't mortgage a house, only a property
In Monopoly, you can't mortgage a house, but you can mortgage any property. This is done when a player is low on cash and needs to raise funds. The property card will have the amount that can be mortgaged written on the back. To mortgage a property, the player will take the money from the bank and turn the property card face down on the table. This signifies that the property is mortgaged.
When a property is mortgaged, no rent can be collected if an opponent lands on it. If a player has a monopoly, and one property within that monopoly is mortgaged, no building can take place on the other properties within that monopoly. However, rent can still be collected on unmortgaged properties in the same group.
A player can decide to unmortgage a property at any time by paying the bank the amount of the mortgage plus 10% interest. Once the mortgage is paid off, the player can start to buy back houses at full price. If the mortgage is not lifted immediately, the player must pay the bank 10% interest when they buy the property, and an additional 10% interest when they lift the mortgage.
It is important to note that mortgaging houses is a last-ditch effort to get money. A player can only mortgage properties if there are no houses on that colour set.
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You can borrow money from the bank by mortgaging
To mortgage a property, you must sell back any houses and hotels on the properties of its colour group to the bank at half price. You can then take the mortgage value, which is printed on each title deed card, from the bank. The deed card is turned face down until the mortgage is lifted. You cannot collect rent on mortgaged properties, but you still retain possession of them.
If you want to close the debt, you must pay the bank the amount of the mortgage plus 10% interest. Once the mortgage is lifted, you can start to buy back houses at full price.
It is important to note that you can only mortgage properties if there are no houses on that colour set. For example, if you want to mortgage Baltic Avenue, there cannot be any houses on Baltic or Mediterranean Avenue.
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You can un-mortgage a property by paying the bank
When you mortgage a property in Monopoly, you get a one-time sum of money from the bank, and the property deed must be flipped upside down. You cannot collect rent on mortgaged properties. You can un-mortgage a property at any time by paying the bank back the money plus 10% interest. The amount of money you need to pay to un-mortgage a property is printed on the back of the property card. You can only mortgage properties if there are no houses on that colour set.
For example, let's say you own Park Place with three houses, but you land on it and don't have enough money to pay rent. You decide to mortgage Baltic Avenue, North Carolina Avenue, and Pennsylvania Avenue. You still own these properties, but if someone lands on them, you can't charge them rent. Once you have enough money, you can un-mortgage these properties by paying the bank a little more than the mortgage value, plus 10% interest.
If you don't lift the mortgage straight away, you will need to pay the bank 10% interest when you buy the property. If you then decide to lift the mortgage later, you will need to pay the bank an additional 10% interest on top of the amount of the mortgage.
You can only buy back houses at full price when all the properties of a colour group are no longer mortgaged.
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You can't build on other properties if one is mortgaged
In Monopoly, if you are short on cash, you can mortgage properties to get some money. However, there are several restrictions on mortgaging properties and the benefits you can gain from them. Firstly, you can only mortgage a property if there are no houses on that colour set. For example, if you want to mortgage Baltic Avenue, there cannot be any houses on Baltic or Mediterranean Avenues. This is because houses and hotels on mortgaged properties must be sold back to the bank at half price.
Once you have mortgaged a property, you cannot collect rent on it. This means that if an opponent lands on a mortgaged property, they do not owe you any money. However, if you own all the properties of a certain type (such as all four rail roads), your opponent would still owe you the rent money, even if one of the properties is mortgaged.
Importantly, if one property in a colour group is mortgaged, you cannot build on the other properties in that group. For example, if you have mortgaged Old Kent Road, you cannot build a house on Whitechapel Road until you have unmortgaged Old Kent Road. This is because you can only buy back houses at full price once all the properties in a colour group are no longer mortgaged.
You can unmortgage a property at any time by paying the bank the amount of the mortgage plus 10% interest.
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Frequently asked questions
Mortgaging a property is a way to get money when you're low on cash. You cannot collect rent on mortgaged properties.
You can mortgage any property for the amount shown on the back of that property card. Flip the card face down on the table to signify that it's mortgaged and take that money from the bank.
To unmortgage a property, you must pay the bank the amount of the mortgage plus 10% interest. Once the mortgage is paid off, you can start collecting rent on the property again.
No, you cannot mortgage a house. Before an improved property can be mortgaged, all the houses and hotels on the properties of its colour group must be sold back to the bank at half price.
