Traditionally, when an authorized person wanted to register a legal hypothec on a building, he generally had to hire a lawyer or notary to draft it for him. This meant that she had to take time out of office hours to meet with her lawyer or notary, and pay often costly fees. Fortunately, this is no longer necessary thanks to the first legal mortgage drafting system by yourself in Quebec! Here’s what you need to know about the Hypotek platform.
Discover the brand new Hypotek Legal Mortgage Drafting Service
The Hypotek platform is a brand new service, entirely online, which allows you to issue a legal mortgage on real estate (such as a residence or land) on your own. If you are a person authorized by law, or represent an entity authorized to do so, you can easily issue one of the following legal hypothecs: construction legal hypothec, co-ownership legal hypothec, and legal hypothec resulting from a judgment.
The Hypotek platform has been designed in such a way that a person without legal knowledge can easily issue a legal mortgage. All you have to do is answer certain questions concerning the debt (the amount owed to you), and your legal mortgage application will then be analyzed by the Hypotek legal team. Once you have demonstrated your eligibility and your application has been authorized, all you have to do is wait for the debtor to make the required payment.
In addition, by using the services of the Hypotek platform, you will be able to benefit from the support of a lawyer, completely free of charge.
Who is the Hypotek platform for?
Only persons authorized to register a legal hypothec can use the service offered by Hypotek. For example, in the case of syndicate of co-ownership mortgages, it is the representatives of the said syndicate who will be authorized to draft and register a legal hypothec. As for the legal construction hypothec, certain people in the construction field are authorized. We are thinking, among others, of contractors, architects, engineers, subcontractors and material suppliers. In addition, workers hired by the contractor for a specific contract may also register a legal hypothec on the building in question.
How much does it cost to draft a legal mortgage with Hypotek?
By using the Hypotek platform to issue your legal mortgage, you will be able to benefit from fee-for-service pricing instead of an hourly rate, as is traditionally the case in law firms or notary offices. Thus, you will only pay a rate of $295.00 (+taxes and disbursements) or less for the production of your document. It is also possible for construction professionals to take out an annual subscription at prices ranging from $95 to $295, depending on the package chosen, in order to benefit from automated mailings allowing them to meet all deadlines. required legal documents to maintain their legal hypothecs.
Note, however, that annual subscriptions are not required with regard to syndicates of co-ownership or in the case of legal hypothecs resulting from a judgment since there are fewer formalities and deadlines to respect for these hypothecs. They benefit from fee-for-service pricing at a cost of $295.00 (+taxes and disbursements).
2023-07-19 20:29:17
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