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What Is a Declaration of Co-Ownership?

What Is a Declaration of Co-Ownership?

Once a building is built, the developer has the declaration of co-ownership drawn up by a notary. And once the surveyor has finalized the cadastral plans for the building, the notary is able to publish it in the land register in accordance with the provisions of...

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What Are the Responsibilities of a Condo Syndicate?

What Are the Responsibilities of a Condo Syndicate?

Legislation and the declaration of co-ownership determine the obligations and duties of the condo syndicate. Failure to fulfill these duties and obligations, toward either a co-owner or a third party, may incur the liability of the condo syndicate. The duties and...

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Bill 141 for Condos: New Obligations

Bill 141 for Condos: New Obligations

The adoption of Bill 141 concerning condominiums and Bill 16 have introduced new obligations for condominiums and co-owners, with several effective dates. While Bill 16 tends to integrate the aging of buildings to take the necessary measures for the preservation of...

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How Are Condo Maintenance Fees Calculated?

How Are Condo Maintenance Fees Calculated?

Any co-owner who owns one or more lots in a condo is required to pay condo maintenance fees. And contrary to popular belief, they are not proportional to the living area, because other criteria come into play to determine the method of fee distribution between the...

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Bill 16: What Are the Implications?

Bill 16: What Are the Implications?

Following a detailed study, Bill 16 was endorsed on January 10, 2020. This in-depth reform primarily targets three objectives: taking the aging of buildings into account and implementing the necessary measures for their preservation; protecting the buyers of...

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Is a condominium maintenance logbook mandatory?

Is a condominium maintenance logbook mandatory?

The mandatory condominium maintenance logbook is a register in which the building’s entire history is recorded and which is essential to the condominium’s life. It contains both all the operations performed and those to come.   The condominium maintenance logbook...

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When Is a Condo Syndicate Mandatory?

When Is a Condo Syndicate Mandatory?

A condo syndicate is a legal entity made up of all the co-owners whose mission is to oversee the maintenance and administration of the common areas. A condo syndicate is mandatory when a building is co-owned.   Co-ownership and the mandatory condo syndicate   A...

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What is the purpose of the condo management fees?

What is the purpose of the condo management fees?

The expense statements of a building show the various expenses related to its maintenance and management. While the cleaning items in the common areas or the elevator maintenance costs are easily understandable, many condominium owners do not have a clear idea of what...

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