Land Charge

A charge on land securing a loan.

A land charge encumbers a property and usually secures a real estate loan. If the owner does not pay, the bank can pursue a forced sale. Unlike a mortgage, a land charge is not tied to a specific claim.

The relevant statutes

§ 1191 BGB

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Related terms

Mortgage
Compulsory Enforcement

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General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.