The rights of a creditor holding a right of pledge on immovable property are extinguished in particular: 1° By the extinction of the principal obligation; 2° By the early restitution of the immovable property to its owner.
A mortgage is the assignment of a property as security for an obligation without dispossessing the person who sets it up.
Mortgages are only granted in the cases and according to the forms authorised by law.
A mortgage may be legal, judicial or conventional.
All rights in rem in immovable property which are in commerce are subject to mortgages.
The mortgage extends to improvements made to the mortgaged immovable, as well as to accessories deemed immovable.
The mortgage extends to the interest and other accessories of the secured claim. This extension benefits the third party subrogated in the secured claim for the interest and other accessories due to it.
The mortgage is indivisible, notwithstanding the division of the debt: the co-debtor who owns the mortgaged immovable is, on that immovable, held for the whole; each of the creditors has the whole immovable as security for his share in the debt. The mortgage is still indivisible, notwithstanding the division of the immovable or the plurality of immovables: each part of the divided immovable, each of the immovables is assigned to…
Legal mortgages are general or special. The creditor benefiting from a general mortgage may register his right on all immovables currently belonging to his debtor. He may make additional registrations on immovable property that has subsequently become part of his debtor’s estate. The creditor benefiting from a general mortgage may register his right on all immovable property currently owned by his debtor. The creditor benefiting from a special mortgage may…
Other than those provided for by special laws, the claims to which a general legal mortgage is attached are: 1° Those of one of the spouses against the other; 2° Those of minors or adults under guardianship against the legal administrator or guardian; > (Repealed) 3° (Repealed); 4° those of the legatee, on the immovable property of the succession, by virtue of article 1017; > (Repealed) 5° funeral expenses; 6°…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
