Businesses now have access to various types of financing. Apart from loans from financial institutions, it is possible to raise funding using the business’s assets and receivables through factoring, a mortgage on the universality of property, etc.Corporations and limited partnerships can also attract various categories of investors Certain lenders offer bridge loans. In short, there are numerous business financing possibilities.
Lenders and investors seeking to limit their risk can obtain a chattel or a real property mortgage. Chattel mortgages, also known as movable hypothecs, allow for taking as collateral material property or intangible assets, while a real property mortgages, also known as immovable hypothecs, apply to real estate (vacant land, residential or commercial buildings, etc.). The validity of these hypothecs is conditional to compliance with various formalities. The same holds true for exercising rights conferred on creditors.
Leaders of growing businesses need to implement financial arrangements adapted to their situation. Mortgage contracts, sureties and the issuance of preferred shares must be taken care of by business law specialists. Lenders and investors must also ensure their rights are protected, whether it’s at the stage of registration in the land registry or the register of personal and movable real rights or the stage of exercising their rights through notices of exercise and the appropriate procedures.
Notice of exercise, publication in the appropriate register, deadlines to respect … Obviously, exercising a mortgage law remedy is a particularly technical process that should be entrusted to a mortgage law professional. A specialized lawyer with a thorough knowledge of the Civil Code of Quebec and the Code of Civil Procedure can help you choose the right remedy, as well as draft the required procedures to successfully exercise your rights. In this regard, our team of lawyers can provide valuable advice, as well as legal services, such as :
Whatever your activity sector, one of our lawyers can meet all your mortgage law needs. Contact us today !