Understanding Mortgage Deeds, Sales Deeds, and Easements: Importance, Commitments, and the Role of Notaries in Quebec

Pour détenir un actif important au cours de sa vie, une personne doit notamment posséder une résidence principale. L’accès à la propriété est bien connu du public; l’État en a d’ailleurs fait une priorité dès les années 50.

When considering the purchase of a property or exploring mortgage refinancing in Quebec, it is essential to understand the legal aspects involved. Mortgage deeds, easements, and deeds of sale play a crucial role in these real estate transactions. In this article, we will explain the difference between the two types of deeds, their significance for buyers and borrowers, and the central role played by the notary in these processes.

Mortgage Deeds:

A mortgage deed is a legal document created when an individual wishes to borrow money from a financial institution using a property as collateral. This deed is an agreement between the borrower and the lender, putting a mortgage on the property in question. The mortgage deed is publicly registered at the Land Registry Office and provides security to protect the lender in case of default. The terms of the loan, such as the borrowed amount, interest rate, and repayment schedule, are detailed in the loan agreement, which is not publicly registered.

Deeds of Sale:

Deeds of sale, on the other hand, are legal documents established when a seller transfers a property to a buyer. These deeds formalize the real estate transaction, detailing the sale conditions, including the purchase price, the rights and obligations of the parties involved. These deeds are signed by the seller, the buyer, and the notary. When it comes to deeds of sale, it's important to understand the concept of servitude.

A servitude:

A servitude is a right granted to a person or entity to use a portion of someone else's real estate, even if they are not the owner. These servitudes can impact the use and restrictions of a property.

There are different types of servitudes, each with its own implications. Here are some common examples of servitudes:

Right of Way Servitude: A right of way servitude gives a person the right to cross another's property to access their own property. This can be useful when the only access to a property is through another property.

View Servitude: A view servitude allows a person to maintain an unobstructed view from their property by preventing others from building structures that would block the view.

Public Utilities Servitude: Public utilities such as water lines, power lines, or sewer pipes may require a servitude to pass through private property for access and maintenance.

Conservation Servitude: A conservation servitude is often used to protect the natural or historical features of a property. It may impose restrictions on future modifications or developments to preserve the environmental or cultural value of the area.

Both mortgage deeds and deeds of sale are of paramount importance to buyers and borrowers.

Mortgage deeds provide legal security to lenders, ensuring that the debt will be repaid as agreed. They also formalize the interests of borrowers by setting the terms of the loan and clarifying financial obligations.

Deeds of sale are essential for buyers as they officially establish legal ownership of the real estate. They ensure that the buyer acquires a clear title and that all legal issues related to the property have been carefully examined before the transaction. Deeds of sale offer legal protection by specifying the rights and responsibilities of each party, thereby reducing the risk of future disputes.
In real estate transactions involving mortgage deeds or deeds of sale, the notary plays a central role. As legal professionals specialized in real estate transactions, notaries ensure that all parties adhere to their legal obligations and protect the interests of buyers and borrowers. In the case of a refinancing application, the client must see the notary to update the necessary documents and ensure all legal requirements are met before proceeding with the signing.
When working with a notary, buyers, and borrowers can benefit from legal expertise and professional assistance throughout the process. In the case of a refinancing application, the notary plays a crucial role in updating the necessary documents and ensuring all legal requirements are met. Whether you are thinking about buying a property or someone looking to refinance, it’s essential to consult a qualified notary to guide you through these complex processes. Their expertise will ensure a safe real estate transaction, protecting your interests and providing the peace of mind needed for your real estate investments.
At the Cooperative of Notaries in Québec, you will receive all the information and support you need for your transaction. Whether it’s a mortgage deed, deed of sale, or servitude, our notaries can provide you with expert advice on all aspects of law relevant to your affairs. You can contact us through our website at