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15/07/2016

Cash or accrual basis of accounting?

The accounting of the co-ownership is managed by the members of the board of directors or the manager designated by the latter. It is necessary for them to understand the rules of accounting in order to ensure the effective management of the syndicate of co-owners on a daily basis and measure its result in a reliable way. However, not all directors and co-owners are accountants by trade. It is therefore important that they understand the essentials concerning the accounting of their co-ownership. In practice, several accounting methods can be envisaged: each obeys a specific principle and often pursues a very particular purpose. There are two types of accounting:  Cash basis of accounting and Accrual basis of accounting....

Gestion

22/11/2022

Form for the tax credit for home support: Does a co-owner have to pay to obtain It?

Every January or February, the manager, the accountant or the administrator of the co-ownership syndicate must complete, at the request of the co-owners concerned, the form TPZ-1029.MD.5-V for the tax credit for home support services for seniors. Completing this form requires an analysis of the accounting books to use only eligible expenses. This work can take a lot of time, depending on the volume of transactions of the condominium. It is tempting to charge the co-owner requesting this form a fair amount of professional fees for the production of the said document. Especially that in condominiums, the trend is according to the user-pays principle. Can we do it?...

Gestion

05/12/2022

Inspecter son stationnement, c’est payant !

Si vous habitez, administrez ou gérez une copropriété possédant un stationnement souterrain, vous avez fort probablement entendu parler de la loi 122 (chapitre bâtiment du Code de sécurité) adoptée il y a quelques années. Une des dispositions de cette loi cible les parcs de stationnement étagés. Si votre stationnement possède une zone de roulement ne reposant pas au sol, la loi exige, entre autres choses, qu’une vérification approfondie soit faite tous les 5 ans par un ingénieur. La première vérification approfondie devant être réalisée de 12 et 18 mois suivant la fin de la construction....

Travaux

10/12/2022

The imperative of maintenance in co-ownership

December 10, 2012 - Proper governance of a co-ownsership building starts with diligent and thorough maintenance. Unfortunately, this responsibility is often overlooked by many co-ownership syndicates until the consequences of their procrastination result in exorbitant repair costs. History has shown that delaying necessary maintenance work only worsens and increases expenses exponentially. Neglecting preventive maintenance and regular inspections can lead to catastrophic failures, compromising the safety of residents and the value of their real estate investment....

Travaux
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11/12/2022

Réflexion sur les causes de la pénurie de syndic en Belgique

Depuis plusieurs années, il a été constaté que le métier de « syndic de copropriété », dénommé au QUÉBEC « gestionnaire de copropriété » n’attirait pas de nouvelles vocations principalement parmi les jeunes. Les jeunes ou les moins jeunes qui choisissent ce secteur d’activités sont bien rares à se destiner au métier d'agent immobilier-syndic. Malgré les efforts des écoles en charge de la formation de base et des fédérations activent dans le secteur, le nombre de syndic inscrit sur le tableau de ’Institut Professionnel des agents Immobiliers (I.P.I.) est en constante diminution. ...

Gestion

15/12/2022

Brokerage forms adapted to co-ownership

December 15th 2022 - When you wish to purchase a condominium unit, it is very important to obtain information not only on the private portion you would like to purchase, but also on the common portions, such as the foundation and the roof....

Achat

30/01/2023

Recent changes to the representation of a client in real estate brokerage

January 27, 2023 – In the summer of 2022, the Government of Quebec not only banned dual representation but since then also requires a broker who accompanies a buyer without a contract, to denounce him with more transparency that he does not represent him and that rather, he represents only the client with whom he is bound by a written contract. What does it mean ?...

Achat

13/03/2023

Inspection en bâtiment, rôle, devoirs et obligations du courtier immobilier

9 mars 2023 - Une des étapes importantes lors d’une transaction immobilière est évidemment l’inspection en bâtiment. Plusieurs personnes y ont intérêt mais aucune plus qu’un acheteur. Après l’inspection, l’acheteur reçoit le bilan de santé de l’immeuble qu’il projette d’acquérir. Regardons maintenant qui fait quoi et le cadre applicable....

Achat
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18/03/2023

What are the agenda items that require a vote by the co-owners?

The agenda lists the questions to be voted on and the information and consultation items that will be addressed at the meeting of co-owners. The decision-making power of the meeting of co-owners is defined by the Civil Code of Québec and the declaration of co-ownership (Constitutive Act of Co-ownership). The chairman of the meeting of co-owners ensures that it runs smoothly and submits to the co-owners the proposals on which a vote must be taken. It must thus determine with respect to each item on the agenda who has the authority to decide. Its powers are set out in the building regulations....

Vos droits

31/03/2023

Inspection préréception : soyez accompagné d’un professionnel du bâtiment!

31 mars 2023 - Vous êtes en processus d’achat d’une habitation neuve et vous ferez bientôt votre inspection préréception en compagnie de votre entrepreneur. Vous vous demandez si vous devriez être accompagné d’un professionnel du bâtiment neutre pour cette étape cruciale. Pour GCR, nul doute qu’il s’agit d’une sage décision à prendre....

Achat