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A condition that may be required by a municipality when applying for a subdivision permit for an immovable. It is constituted either by the transfer of land or the payment of an amount representing at most 10% of the value of the subdivided land. It allows the municipality to promote the establishment, maintenance and improvement of parks and playgrounds and the preservation of natural areas.
30/12/2023
Whether you are a real estate developer (for a new building) or several owners of an existing building who wish to convert it, the rules for subjecting a building to divided co-ownership are the same. The creation of a divided co-ownership is necessary when an immovable must be divided into…...
17/07/2019
Undivided co-ownership has existed since time immemorial, even before the existence of divided co-ownership. Joint ownership allows two or more people to own a building while sharing the acquisition and operating costs. A co-ownership is said to be undivided when the right of ownership is not accompanied by a physical…...