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A professional, member of the “Ordre des évaluateurs agréés du Québec” (Québec Order of Chartered Appraisers), mandated to determine the value of a property or of a real right.
WHAT YOU SHOULD KNOW ! The law requires every syndicate of co-owners to have the reconstruction value of the immovable assessed, at least every 5 years, for insurance purposes by a professional designated by regulation of the Government. To this end, section 3 of the Regulation to establish various measures in matters of divided co-ownership insurance states that only a chartered appraiser, a member in good standing of the Ordre des évaluateurs agréés du Québec, may be responsible for assessing the amount of property insurance to be taken out by the syndicate of co-owners.
18/11/2024
A study of the contingency fund was recently conducted by a professional. This analysis highlighted two possible scenarios: 1. Scenario 1 (status quo): This scenario, which is not recommended by the professional, would maintain the current contributions but would result in a deficit within approximately fifteen years, requiring the use…...
21/09/2024
In divided co-ownership, the property of the building is divided among the co-owners in the form of "fractions." Each fraction includes a clearly defined private section, such as an apartment, a parking space, a storage unit, or even sometimes a piece of land. Additionally, each fraction grants a share of the common…...
30/03/2010
The insurance of the syndicate covers the common portions of the building as well as your private portion. In the event of a loss, it is not intended to compensate you for improvements made to your private portion. It is therefore your responsibility to ensure that these improvements are covered by…...
27/04/2024
The law obliges syndicates of co-owners to insure their immovable; the majority of declarations of co-ownerships also have such requirement. This can be explained by the syndicate's main objective which consists to ensure the preservation of the immovable and its longevity; this is why the legislator has given to the syndicate an insurable interest and has made it…...
02/09/2023
Nous avons découvert, par suite de la réalisation d’un certificat de localisation d’un appartement, qu’une partie importante de celui-ci déborde sur les parties communes. Selon le notaire, qui doit procéder à la vente de cet appartement, cela a pour conséquence de créer un vice de titres pour l’ensemble des copropriétaires…...