37. The Minister is authorized to agree on an instalment sale with the purchaser to allow the sale price to be paid in instalments. In addition, the Minister is authorized to agree that a hypothec be granted in favour of the State to secure the payment of the sale price if the hypothec covers, in addition to the transferred lot, an adjacent lot belonging to the purchaser.
All the fees payable and costs of professional services required to set up such a hypothec, to register it at the Land Registry Office or to cancel it shall be charged to the purchaser.
O.C. 81-2003, s. 37; S.Q. 2020, c. 17, s. 111.