The legal hypothec of the syndicate of co-owners is, generally, published against the fraction of divided co-ownership following non-payment by a co-owner of his common expenses or of a notice of special contribution for major works required by the condition of the building.
It may be cancelled by publication of a cancellation by the beneficiary of the right, that is to say the syndicate of co-owners.
The registration of the legal hypothec of the syndicate of co-owners on the fraction of divided co-ownership can also be cancelled, on the application of any interested person, upon the expiry of three years after its date, unless this legal hypothec has been followed by a lawsuit previously instituted and published.
If a lawsuit has been instituted and published, the cancellation will be obtained by registering the judgment dismissing the lawsuit or ordering the cancellation, or by filing a certificate of the clerk of the court attesting that the lawsuit has been discontinued.
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