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26/02/2024

Why do business with a real estate broker for the sale or purchase of a co-ownership?

Life in a co-ownership has its advantages. First, the cost of buying a co-ownership unit is, on average, less than a single family home. With co-ownership, certain costs—such as maintenance or building repairs—can be divided among the co-owners....

Achat

03/11/2021

What exactly is insurance value?

November 3, 2021— It is clear that confusion still persists today with the concepts of market value and insurance value. Indeed, many people and stakeholders in the real estate field do not distinguish between these two values, as well as between the concepts of replacement cost and reproduction cost, or even between the cost of new construction and the cost of reconstruction. But, first of all, how to distinguish the market value from the insurance value? Let us try here to disentangle all that.  ...

Assurance
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09/08/2022

Short practical guide to personnel management

December 23, 2021- As an employer, a syndicate of co-ownership has a right of management with respect to its employees, that is to say the right to direct them. This right of management must, however, be exercised in compliance with employment rules. It starts in the hiring process Leading staff is much more than just assigning tasks to the employee. A good employer/employee relationship is created from the hiring process. Experience and job references are important points to consider, as well as the motivation, skills and background of the candidate, in order to select well. This step should not be overlooked....

Gestion
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30/10/2023

Prevention Instead of Cure: The Situation at SDC Square Cartier

Every step of a construction project is crucial to its success. The Square Cartier co-ownership, which has recently been the subject of a lot of media coverage, is the perfect example of a poorly planned construction project. Indeed, it seems that the preliminary phases of this project suffered from a lack of research and analysis, leading the co-ownership to the situation it is in today: uninsurable and drowning in claims. In this column, we'll analyze the elements that should have been considered during the initial stages of the project, while offering design ideas that could have prevented these problems....

Travaux
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18/04/2022

Prevention and maintenance of the building envelope

April 18, 2022 - Since their boom in the 1980s, co-ownership residences have grown increasingly popular. However, with a useful life cycle of about twenty years for many of their components, a notable deterioration of the building envelope has been observed for over a decade. This degradation is often attributable to a lack of rigor in maintenance programs, leading to premature wear of structural elements without administrators and managers being able to anticipate and prepare the necessary interventions....

Travaux

10/09/2024

Preventing water damage in co-ownerships

Managing a co-ownership involves many responsibilities, among which loss prevention is essential. Among the risks most feared by directors, co-owners, managers and insurers, water damage occupies a prominent place. Indeed, a water leak, if not detected in time, can cause considerable damage, both material and financial. In addition to repair costs, water damage can lead to interruptions in the daily lives of residents, disputes between the syndicate and the offending co-owners and a deterioration in the quality of life within the building. For these reasons, it is essential to implement effective preventive measures, among which early detection plays a key role....

Assurance

18/10/2022

Prêt à devenir propriétaire d’un condo? Une préparation s’impose!

18 octobre 2022 - En furetant sur les sites de propriétés à vendre, vous trouvez la copropriété de vos rêves et vous ne voulez pas manquer votre chance? Prenez tout de même le temps de bien faire les choses. ...

Achat

31/03/2010

Patrimoine et investissement en valeurs immobilières

31 mars 2010 - À la lecture du titre, on pourrait se demander ce qu’une rubrique sur le patrimoine vient faire dans une rubrique immobilière. Quel est le lien entre l’immobilier et le patrimoine ? Selon le Code civil du Québec, toute personne, incluant les personnes morales, possède un patrimoine. Le patrimoine contient deux groupes d’éléments, soit les valeurs immobilières et les valeurs mobilières....

Achat

01/09/2023

Parties privatives, parties communes? Ce qu’il faut savoir quand on achète un condo

Vous avez acquis ou vous comptez acquérir un condo. Vous voyez alors passer des termes et expressions qui vous sont plus ou moins familiers. Nous allons tenter de démêler le tout afin que vous puissiez y voir plus clair....

Achat

01/10/2024

Can you refuse the contractor proposed by the syndicate’s insurer?

Recently, I was confronted with a situation that raises important questions regarding insurance in divided co-ownership. After a loss caused by torrential rains, a co-owner refused to allow the contractor designated by the insurer to intervene in their private portion, preferring to hire their own contractor. This case led me to reflect on several issues: Can the co-owner refuse the contractor proposed by the insurer or the syndicate of co-owners? What are the possible alternatives to ensure that the work is carried out properly and on time? What are the rights and obligations of the syndicate of co-owners in such a situation? These questions directly touch on the legal obligations and practices to be respected when carrying out repair work in co-ownership, and deserve to be explored in depth to fully understand everyone's rights and responsibilities....

Assurance