hypothèque englobante
- Domaine
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- droit droit des biens
- Dernière mise à jour
Termes privilégiés :
- hypothèque englobante n. f.
- hypothèque générale solidaire n. f.
- hypothèque générale n. f.
- hypothèque globale n. f.
Traductions
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anglais
Auteur : Office québécois de la langue française,Définition
A mortgage that is secured by several properties or a number of lots.
Notes :
A blanket mortgage is often used to secure construction financing for proposed subdivisions or condominium development projects. The developer normally seeks to have a "partial release" clause inserted in the mortgage so that he or she can obtain a release from the blanket mortgage for each lot as it is old, according to a specified release schedule.
A blanket mortgage may also be used when one desires to buy a house plus an adjacent vacant lot and finances the purchase with a single mortgage that covers both properties. Or it may be used where the equity in one property is insufficient to meet the lender's requirements.
In some circumstances, a blanket mortgage covers future real estate holdings in addition to present ones, and is called "general mortgage".Termes :
- blanket mortgage
- general mortgage
- umbrella mortgage