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How much coverage for condo insurance?

How much coverage for condo insurance?

How much coverage is there for condo insurance? In Quebec, with the passage of Bill 141, condo insurance now has a stricter management framework. This is reflected mainly in the assessment of the value of the building every five years, the insurance fund, and the...

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What is a condo contingency fund?

What is a condo contingency fund?

Since 1994, the law has required each condo syndicate of co-owners to establish a contingency fund for their condo. Another legal obligation was imposed on condos with the entry into force of Bill 16 on January 10, 2020. In effect, since that date, each condominium...

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Condo Association Fees: 5 Things to Know

Condo Association Fees: 5 Things to Know

You’re about to become a co-owner for the very first time, and the condo association fees are adding to your expenses. New condo owners aren’t always aware of this when buying their property, but becoming a co-owner involves paying contributions to the contingency...

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Should You Buy a Parking Space with Your Condo?

Should You Buy a Parking Space with Your Condo?

Section 1044 of the Civil Code of Québec stipulates that condo parking spots are presumed to be common portions. And the “first come first served” rule applies, unless the declaration of co-ownership stipulates that these are restricted-use common portions. Learn more...

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5 Questions to Ask a Condo Management Company

5 Questions to Ask a Condo Management Company

Before entrusting a portion or the complete management of a condominium to a firm, it’s essential to inform yourself about the company’s skills and seriousness. In addition to the information that can be gleaned about the company, it’s important to communicate with...

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The Condo Energy Audit: What Is It?

The Condo Energy Audit: What Is It?

At the same time as the provisions of Bill 16, which has recently entered into force, are applied, syndicates may request an energy audit of their condominium. This is an initiative that is perfectly in line with the spirit of Bill 16, which strives to take the aging...

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3 Cleaning Solutions for Condo Common Areas

3 Cleaning Solutions for Condo Common Areas

In condos, the declaration of co-ownership generally stipulates that the syndicate has the obligation and the responsibility to ensure the maintenance and cleaning of the condo common areas. It’s essential to implement an effective methodology and make the right...

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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 of co-owners manager. Failure to fulfill these duties and obligations, toward either a co-owner or a third party, may incur the liability of the condo...

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