Hypotek’s Turnkey Solution
After entering some information into Hypotek’s Web platform, its algorithms and our professionals will determine your eligibility for a legal hypothec and schedule the formalities that need to be completed within the applicable time limits.
Once your file has been submitted, Hypotek will take care of the rest. All that is left for you to do is wait for the debtor to send you the payment related to your claim.
As well as saving us money in legal fees, Hypotek enables us to be much more efficient.
This unique software is definitely the best tool in its category. It is extremely user-friendly and accessible to the general public.
We always recommend Hypotek to our legal mortgage customers. Their documents are of the highest quality, equivalent to those produced by a traditional firm, and at unbeatable prices.
I've entrusted several legal mortgage mandates to Hypotek's lawyers, and their professionals are courteous, thorough and committed.
The legal mortgage in a nutshell
What is a legal mortgage? The legal hypothec is a protection offered by the Civil Code of Québec that is reserved for certain individuals or companies who have participated in the construction or renovation of an immovable. For example, contractors or suppliers of materials and other construction stakeholdersTo guarantee payment of their services on the building, contractors may register a legal construction hypothec within 30 days of completion of the work. Likewise, a condominium corporation can register a legal hypothec of the syndicate on a co-ownership in the event of non-payment of common charges by a co-owner. Finally, the unpaid judgment creditor can also register a legal mortgage on the debtor’s property. It is important to understand the different types of legal mortgages and to consult the appropriate legal documents to ensure effective management.
Online legal software specially designed for legal mortgages
As technology advances, online legal software become an invaluable tool for managing legal mortgages. Online legal software lets you publish a mortgage, track deadlines and manage the legal documents associated with a legal mortgage. For example, if the syndicate of co-owners decides to protect its claim with a mortgage following default of paymentThe software can prepare, manage and issue the necessary documentation to the relevant parties, such as co-owners and even the Land Registry. The adoption of such software enables more efficient management and better compliance with legal obligations.
For each legal mortgage, we have detailed a turnkey procedure:
Legal construction mortgage :
- – Contract termination (Construction)
- – Registration of a legal hypothec (Construction)
- – Formal notice (Construction)
- – Notice of mortgage recourse (Construction)
- – Building surrender (Construction)
Legal hypothec of the syndicate of co-ownership
- – Registration of a legal hypothec (Syndicat de copropriété)
- – Formal notice (Syndicat de copropriété)
- – Notice of mortgage recourse (Syndicat de copropriété)
- – Building surrender (Syndicat de copropriété)
Legal mortgage resulting from a judgment
- – Registration of a legal hypothec (Judgment)
- – Formal notice (Judgment)
- – Notice of mortgage recourse (Judgment)
- – Surrender of property (Judgment)
Who can use this online legal mortgage software?
This online legal mortgage software is designed to be used by a wide range of users, including those with no legal knowledge. Accessible to allIt is particularly useful for contractors, material suppliers, architects and anyone involved in the construction or renovation of a building. They can use it to register a legal hypothec following completion of the work. Drawing up your own legal mortgage has never been easier. Save time and legal fees while ensuring you get paid.
What’s more, this software is ideal for condominium associations. They can use it to take charge of non-payment of common charges. If required, it is possible to register a legal mortgage for the syndicate. The major advantage of this software is its ease of use, no special legal expertise required to master our 100% online platform. See our FAQand our Blog for more information.
Take a look at our packages and benefits: