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02/07/2024

How can you prepare to sell your co-ownership property?

The decision to sell your divided co-ownership property is an important one, and being well prepared can make all the difference in the selling process. As a seller, it is essential to understand the steps that lead to a successful transaction. In this article, we will explore the key steps to go through when preparing to sell your co-ownership property, which will put you in the best position for a smooth transaction and peace of mind!  ...

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15/07/2024

How can you prepare to buy a co-ownership property?

Divided co-ownership offers numerous financial and practical advantages that make these properties an attractive option for many buyers, from their lower purchase price in comparison to a single-family home to their well-defined management framework. Are you one of these potential buyers? Would you like to learn more about the process of buying a co-ownership property? Here is some information you may find useful!...

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09/08/2022

Fund accounting

A syndicate of co-owners has the obligation to account for its operations by funds. The Civil Code of Québec requires the creation of a general fund, a contingency fund and in April 2022, the creation of the self-insurance fund. The creation of the early self-insurance fund is recommended. The general fund for current operations is also sometimes referred to as an administration fund or an administration fund....

Gestion
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04/10/2023

Copropriété divise vs Copropriété indivise

4 octobre 2023- Existe-t-il un écart de valeur entre une copropriété divise et indivise ? Dans le cadre d’un mandat qui nous a été confié, nous avons procédé à une étude visant à déterminer s’il existe un écart potentiel, entre une valeur immobilière détenue en copropriété divise et l’autre en indivise, en regard à sa valeur marchande. Il s’agit ici d’un immeuble à vocation résidentiel de type logement....

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01/12/2020

Copropriétaires et locataires: une coexistence parfois difficile

  1er décembre 2020 - La plupart des locataires qui vivent en copropriété ont la bonne attitude. Néanmoins, une minorité d’entre eux ne respecte pas le règlement de l’immeuble. Si tel est le cas, les administrateurs doivent intervenir, afin d’amener ces locataires à en respecter le contenu. Ne pas le faire risque d’engendrer un climat délétère au sein d’une copropriété, ce qui pourrait entraîner des conséquences fâcheuses que personne ne souhaite. En d’autres termes, il ne faut pas laisser les locataires faire n’importe quoi, autrement ils finiront par imposer leur loi....

Syndicat

29/10/2010

Contester son évaluation municipale?

29 octobre 2010- Est-il pertinent de contester son évaluation municipale? Vous avez probablement reçu votre nouveau relevé d’évaluation municipale et vous avez certainement été étonné de l’augmentation de cette évaluation. Votre première réaction aura sans doute été de penser au compte de taxes municipale et scolaire que vous recevrez....

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13/09/2023

Condos: wood fireplace or Stingray fireplace?

Fire was always a threat to humans until they were able to domesticate it about 600,000 years ago. The use of this precious tool was then one of the major elements of human evolution.  Giant leap in time: If condominiums in Quebec have existed since 1969, their growth was more marked in the 80s. Since a co-ownership could indeed resemble a standard apartment, it was chosen, at the time, to decorate several of these units with wood-burning fireplaces. After all, the wood fireplace was, even until recently, a symbol of comfort, homecoming, luxury and even sensuality. Today, antics on a bearskin in front of a fireplace are no longer so popular. Still, the wood fireplace distinguished the condominium from the ordinary apartment. ...

Assurance

27/07/2015

Communication et information: à ne pas négliger!

27 juillet 2015 - Il n’est pas rare d’entendre des administrateurs de copropriété souligner le manque d’intérêt des copropriétaires quant aux affaires de leur syndicat. Cela se traduit parfois en une faible participation aux assemblées de copropriétaires, occasionnant son annulation et report, faute de quorum, ou l’impossibilité d’atteindre le pourcentage de votes requis pour prendre certaines décisions importantes, en vertu du Code civil du Québec....

Gestion
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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

10/10/2023

Abusive conduct by a Syndicate Director

In their dealings with co-owners, board members must act with loyalty and fairness. They must refrain from any gesture that could amount to a settling of scores. This rule of conduct is fundamental and failure to comply with it constitutes a fault that may engage the liability of both the syndicate and the directors, personally. A judgment of the Court of Quebec sanctioned the abusive behaviour of members of the board of directors of a syndicate.  ...

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