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The process by which the owner(s) seek(s) to transform an immovable, held in full ownership or in indivision (with or without lessees) into a divided co-ownership, so that each apartment becomes a distinct immovable (private portion) that can be resold separately from the other lots.
17/09/2024
The purchase of a condo leased to a third party is a frequent occurrence in the resale market. Save for an agreement to the contrary, nothing prohibits a co-owner lessor from selling and a purchaser of purchasing an apartment even though the tenant wishes to continue to reside in it.…...
23/07/2024
When it comes time to acquire a home, many buyers turn to the acquisition of a multi-unit building (such as a duplex, triplex, quadruplex, etc.). The direct conversion of rental units to divided co-ownership is prohibited in some cities, with a few exceptions, which is why owners first turn them…...
19/07/2020
2 mars 2023 - Afflicted with a health issue, you want to move to an apartment closer to your daughter, which is fitting, given that a unit in her condo building is for sale. However, this unit is rented. During a visit to the premises, the tenant informs you that he…...