Contingency fund study

The contingency fund study,
more than a requirement!

A mandatory report following the enactment of the Bill 16 and which will add value to the Syndicate’s assets, as well as your private units upon its implementation.

Following the future adoption of Bill 16, the Quebec Government has finally legislated to the advantage of each co-owner and syndicate administrator! Indeed, the contingency fund study will now be mandatory for each syndicate. It will allow administrators to know the yearly amount to contribute to the Contingency Fund when planning the annual budget, taking into account the end of life of each common area of your Syndicate.

Fill in the form below and we will contact you as soon as possible!

* Required field

What are the benefits of the contingency fund study?

The contribution amount will not be left up to the administrators’ goodwill or up to comments made at the annual general assembly by co-owners. There will be less special assessments, which will reassure potential buyers and in doing so, this will have a direct impact on the value of the Syndicate’s assets and that of each private unit.

The contingency fund study conducted by Condo Stratégis gives administrators a clear picture of work to be done as well as the amount that must be invested. In addition, syndicate administrators will finally have a document on which to rely on whereby they can properly explain to each co-owner where money goes and where money will be invested yearly in the contingency fund. The study will allow administrators to have ample markers to perform annual general assemblies in an atmosphere that is better structured and surrounded by greater understanding.

What are the benefits of the contingency fund study?

The contribution amount will not be left up to the administrators’ goodwill or up to comments made at the annual general assembly by co-owners. There will be less special assessments, which will reassure potential buyers and in doing so, this will have a direct impact on the value of the Syndicate’s assets and that of each private unit.

The contingency fund study conducted by Condo Stratégis gives administrators a clear picture of work to be done as well as the amount that must be invested. In addition, syndicate administrators will finally have a document on which to rely on whereby they can properly explain to each co-owner where money goes and where money will be invested yearly in the contingency fund. The study will allow administrators to have ample markers to perform annual general assemblies in an atmosphere that is better structured and surrounded by greater understanding.

Our building experts

François Durocher

Senior Real Estate Manager, Mr. Durocher brings to Condo Stratégis and its administrators legal expertise and mediation experience. Bachelor in physical sciences, and professional civil engineering technologist, his more than 30 years of experience in the field, in management and technical-legal mediation, Mr. Durocher shares his wealth of knowledge and experience with all our customers and partners. When the opinions are divergent and sometimes ambiguous, he can, in a simple and popular approach, bring the necessary clarifications, as much for your important works decisions as for strategies to adopt in difficult situations. Mr. Durocher will advise and support you during the preparation of your Syndicate’s Contingency Fund Study, during situation analyses requiring expertise or choice of a particular professional.

François Durocher

Senior Real Estate Manager, Mr. Durocher brings to Condo Stratégis and its administrators legal expertise and mediation experience. Bachelor in physical sciences, and professional civil engineering technologist, his more than 30 years of experience in the field, in management and technical-legal mediation, Mr. Durocher shares his wealth of knowledge and experience with all our customers and partners. When the opinions are divergent and sometimes ambiguous, he can, in a simple and popular approach, bring the necessary clarifications, as much for your important works decisions as for strategies to adopt in difficult situations. Mr. Durocher will advise and support you during the preparation of your Syndicate’s Contingency Fund Study, during situation analyses requiring expertise or choice of a particular professional.

Nadine St-Arnaud

At Condo Stratégis, Ms. St-Arnaud is a valuable source of advice and thoughtful suggestions. She is proud to have a solid building construction plans production experience, in materials calculations, study supervision in mold and indoor air quality, rare are situations she hasn’t already encountered. Upon a disaster, Ms. St-Arnaud is the designated person who will be responsible for taking charge of the situation with the disaster teams, your insurance company, and with suppliers who will carry out the renovation work. Her training in building drawing will favour a quick technical understanding of your needs and those of your building.

Nadine St-Arnaud

At Condo Stratégis, Ms. St-Arnaud is a valuable source of advice and thoughtful suggestions. She is proud to have a solid building construction plans production experience, in materials calculations, study supervision in mold and indoor air quality, rare are situations she hasn’t already encountered. Upon a disaster, Ms. St-Arnaud is the designated person who will be responsible for taking charge of the situation with the disaster teams, your insurance company, and with suppliers who will carry out the renovation work. Her training in building drawing will favour a quick technical understanding of your needs and those of your building.

The best way to enhance your condo investment!

Meet our team in less than 48 hours!

Discover our other services

Administrative management

Regular follow-up, effective communications, constantly updated condominium register

Financial management

Quick recoveries, monthly presentations of financial statements

Building management

Weekly visits with report tracking, PGA updates, preventions

Human resources management

Recruitment and methodical staff follow-ups