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A legal person authorized by the “Régie du bâtiment du Québec (RBQ)” (Québec Building Board) to administer a guarantee plan. It guarantees the execution of the legal and contractual obligations of a contractor resulting from a contract signed with a beneficiary. It is governed by the Regulation respecting the guaranty plan for new residential building. Since January 1st, 2015, only one non-profit agency (“OSBL”) acts as the administrator of the Guarantee plan. It is the “Garantie de construction résidentielle (GCR)” (Residential Building Guarantee).
21/08/2015
Building a condominium requires major investments on the part of a developer. This is the reason why a down payment will be required upon signing the preliminary contract for the desired condo unit. The Civil Code of Quebec provides that “any amount paid on the occasion of a promise of sale is…...
04/12/2023
The Guarantee Plan for New Residential Buildings differs from the private guarantee plans offered on the market by the nature of the guarantees offered and the mechanisms for asserting its rights. In this regard, the terms and conditions are set out in the the Regulation respecting the guarantee plan for new…...
02/10/2021
Until December 31, 2014, the mandatory warranty plan was administered by various organizations associated with the builders' associations, namely The APCHQ's New Home Warranty, The Abritât Guarantee Inc. and Qualité Habitation. In order to eliminate any appearance of conflict of interest, the Regulation respecting the guarantee plan for new residential…...