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Explanation: "5.1.2 Land Debt A lend debt is the right to demand repayment of a specific cash sum from the value of an immovable ahead of other creditors with an inferior ranking. It is created on the basis of a unilateral legal transaction, with an entry in the land register and the issuing of a land letter. A land debt can be established by the owner of the immovable or by a mortgagee who, in agreement with the owner of the encumbered immovable, changes his mortgage into one or more land debts. The encumbrance of an immovable under land debts must not exceed the encumbrance under the mortgage."