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1-10 sur 141 résultats
09/08/2022
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....
09/08/2022
Your co-ownership is exposed to various risks, as an example, fires, water damages, theft and acts of vandalism, which are required to be insured against. When a loss occurs, the insurance of a co-ownership covers the building as well as the general liability of the syndicate of co-owners. For the syndicate, subscribing to this type of insurance is mandatory. The law and most Acts of co‑ownership require it. The insurance contract specifies the coverages offered, as well coverage limits and exclusions, in addition to the deductible amounts....
09/08/2022
October 3, 2021 - When it comes to determining the insurance premium based on the insurance value of a building (for insurance purposes), the broker or insurer will require his client to provide the cost of "reconstruction". Indeed, this premium is established according to the risks which are attributable to the building and the premises, but also according to the cost of reconstruction. We obviously understand that after a disaster we have to rebuild the damaged places, but the concept goes far beyond reconstruction. Indeed, the cost of reconstruction is impacted by contingencies and difficulties in restoring the inventory to its original condition. Think for example of the work involved in replacing a broken ceramic tile, on the wall or the floor, it goes without saying that this also involves the replacement of other tiles around, damaged by the work. ...
05/11/2021
November 10, 2021 - It's well known, Covid has been blamed for a lot. Your favorite restaurant is now closed three days a week? It's because of Covid. There's a two-hour wait to talk to a representative at a call center? It's because of Covid. Is there a chlorine shortage for the pool? It's Covid's fault. Hurry up and buy your winter tires, Christmas toys, and storage cabinet because all of this might soon be in short supply because of... Covid! And what does your condo have to do with all this? Well, know that whether made of wood or concrete, tall or long, no condo will be able to avoid Covid......
03/11/2021
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. ...
31/07/2021
December 31, 2022 – Co-ownership law is in full swing and is currently undergoing a major reform. But what about tacit modifications to the declaration of co-ownership and the building's by-laws? For example, if a co-owner has been using unused space in the garage for more than ten years to store their personal belongings, is he or she allowed to use it indefinitely? Will the person who will eventually purchase their unit also be able to use this space to store their belongings? ...
29/06/2021
29 juin 2021- Les travaux du Congrès de Varsovie, de l'Union internationale des huissiers de justice et officiers judiciaires, ont révélé des découvertes fascinantes relatives à l'histoire du constat. Ces recherches ont mis en lumière l'existence d'ancêtres de cette pratique remontant au XIVe siècle, avec une mention spéciale du 13 février 1342, identifiée comme la date du premier constat officiel dans l'histoire des anciens parlements. Cette révélation marque le début d'une longue lignée de pratiques diversifiées en matière de constats....
25/05/2021
25 mai 2021 - La question du mois apparaissant à la page d’accueil du site Condolegal.com m’a inspiré cette chronique....
09/05/2021
Each syndicate of co-owners has a declaration of co-ownership, which, in principle, should be a veritable bedside book for both the co-owners and the members of the board of directors. However, the declaration of co-ownership is a document that may seem inaccessible at first glance for the latter. This problem can sometimes be increased, when it was more or less well written, more or less long ago. This is not to mention the confusing clauses, which create difficulties of interpretation and even clauses contrary to the legislation that evolved after its publication....
12/04/2021
You have just bought your new condo and for some time now, you have been hearing noise that prevents you from peacefully enjoying your unit, or even prevents you from sleeping completely. You question your neighbors and they face the same problem. But noise can stress, exasperate, tire, and even make you sick. What can be done to remedy this problem and regain tranquility? Here is the procedure to follow that we suggest in order to manage the situation....