What information must be included in Clause D14 regarding hypothecs?

Clause D14 in the context of hypothecs refers to the specific information that should be disclosed in real estate transactions, particularly concerning any existing hypothecs (mortgages) on the property. Including bank information and the hypothec registry number is vital as it ensures a clear understanding of the financial obligations tied to the property. This information is essential for potential buyers or stakeholders to assess the current financial encumbrances, enabling them to make informed decisions about the property.

The presence of the hypothec registry number provides a traceable reference that can be used to verify the details of the hypothec and its standing, including any other pertinent information that may affect a buyer's interest. This promotes transparency and helps to safeguard the rights and responsibilities of all parties involved in the transaction, making it crucial to include these details in the clause.

Ensuring that this vital information is included fosters clearer communication and understanding between buyers, sellers, and financial institutions involved in the transaction, streamlining the process while protecting everyone’s interests.