An immovable hypothec is a security interest over immovable property (land, building, condo) in Quebec. It is filed at the Land Registry (not the RDPRM, which is for movable property) and encumbers the property's title until discharged.
Governed by articles 2660 and following of the Civil Code of Quebec, the immovable hypothec secures payment of a debt or performance of an obligation by the debtor's property. It is created by notarial deed and filed at the Land Registry.
At a real-estate closing, the notary must verify every active immovable hypothec on the title of the sold property: those to be discharged at the sale (typically the previous owner's mortgage) and those to be preserved (servitudes, charges).
Tablix Foncier (in development) will automate the extraction and classification of immovable hypothecs in Land Registry extracts, the way Tablix RDPRM does for movable hypothecs.
Official source
Quebec.ca — Registre foncierWorking with these concepts daily?
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