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30/01/2023
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 ?...
15/10/2023
October 15, 2023- The Meeting of co-owners is a major event in the life of a co-ownership. A meeting at least once a year, it is decisive since it allows the making of major decisions that impact the lives and finances of the co-owners. The board of directors' mission is to take care of the convening and holding of the meeting of co-owners but also of the execution of the decisions it votes. Decisions taken have to appear clear and careful planning is required. It is also important to understand the rules that apply to it. ...
02/07/2024
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! ...
15/07/2024
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!...
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....
27/07/2015
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....
24/06/2014
24 juin 2014 - Dans une précédente chronique, j'énumérais un certain nombre de règles à suivre lors de l'octroi de contrats de construction. En tant que mandataire d'un syndicat de copropriété, tout administrateur se doit en effet d'agir de façon prudente, dans l'intérêt de la collectivité des copropriétaires....
15/07/2016
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....
10/10/2023
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. ...
04/04/2024
April 4, 2024 — Public and private pools rely on proper water chemistry to function adequately, ensuring they are safe for swimmers. Chlorine is the main disinfectant used, which has faced criticism in recent years due to concerns about it being carcinogenic. These claims are unfounded when it is properly dosed. Complaints about excessive chlorine levels are common in shared properties, whether in a swimming pool or a hot tub. This leads to a chemical imbalance in the water, making chlorine extremely aggressive, not only causing irritation to the skin and eyes but also prematurely wearing out swimsuits. However, when used according to standards, chlorine is effective and does not cause inconvenience. To ensure this, regular analysis of chlorine as well as checking the pH, alkalinity, and water temperature is essential....