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Action of distributing between the buyer and the seller the sums that the seller paid before the sale transaction, in relation to municipal and school taxes, common expenses (condo fees), etc., and whose payment benefits the buyer according to the date agreed between the parties for the transfer of the fraction. The same shall apply to sums which have not yet been invoiced to the vendor but for which he is responsible for payment. For example, if the sale of the apartment was concluded during the year, but the municipal taxes have not been paid, the vendor must remit to the purchaser the portion corresponding to the period of the year during which he owned the apartment.
30/03/2024
Common expenses are payable by the person who is the title owner upon receipt of the notice of assessment. However, when selling a fraction, the buyer may be required to pay with interest for all common charges owed by the seller (Article 1069 of the Civil Code of Québec). It…...
23/11/2023
The notary is a jurist with the task of public officer, who ascertains the free and informed consent of the parties. The notary also has the role of legal adviser. It therefore protects consent. The intervention of the notary is very important when purchasing an apartment in a divided co-ownership.…...
09/08/2022
Question: We have accumulated significant sums for the repair of the roof, which is to take place in ten years. As part of the sale of my apartment, can I ask the buyer or the syndicate for a refund of the contributions I have paid to the contingency fund?...