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Document prepared by a syndicate of co-owners and intended to collect various information on the state of the co-ownership. The form and content of the attestation shall be determined by regulation of the Government. This certificate is part of the legal documents to be provided for the sale of any fraction, under article 1068.1 of the Civil Code of Quebec. In that regard, it is provided that the person who sells a fraction must, in good time, give the promisor-purchaser such a certificate. To that end, the syndicate shall transmit, within 15 days, the document to the co-owner who so requests.
WARNING! Section 1068.1 was introduced into the Civil Code of Quebec in December2019 by Bill 16. This new article obliges the seller of a fraction to give the promising buyer a certificate from the syndicate as to the state of the co-ownership. The syndicate has a period of 15 days to submit such a certificate to the co-owner who requests it. This obligation exists only from the day of the appointment of the new board of directors, after the loss of control of the promoter over the syndicate. This section has not entered into force.
11/03/2024
During the sale of an apartment, we, as directors, often have to complete and provide documents to notaries and real estate brokers. Clearly, we understand that the goal is to properly inform the prospective buyer about various aspects of their purchase. We also understand that this process aims to ensure…...
20/02/2024
The contract for services must clearly outline the condo manager's remuneration regarding the day-to-day management services provided for the co-ownership (condominium); this management includes the usual acts that are generally part of the base package but the manager can also request additional fees for extra rendered services. ...
13/12/2010
For the promising buyer, the offer to purchase is a way to reserve a property on conditions that he sets himself. When signing an offer to purchase, it may be that certain aspects surrounding the sale are beyond its control. This will happen, for example, if they have to sell…...
16/09/2010
When you buy a unit in divided co-ownership, you do not only acquire an apartment. You also join a group of co-owners responsible for the accounts to be paid to maintain and preserve the building. It is therefore important to be careful and to check, upstream, the financial statements and…...
16/09/2010
The declaration of co-ownership is intertwined with the purchase of an apartment held in divided co-ownership. A genuine "user's guide", this document defines the rules to be observed in the immovable, as well as its administrative and management guidelines. Before acquiring a condo, any careful buyer should, imperatively, read the declaration…...