Definition : Purchase

A transaction by which a natural person or a legal person (the buyer) acquires from another natural or legal person (the seller) ownership of property or a right, in exchange for a sum of money (or other consideration).

Related articles

14/09/2024

Close neighborhood

Has a condo in divided co-ownership caught your attention? Are you seriously considering buying it, but first, you'd like to know more about the immediate neighborhood? To gather additional information beyond what the seller has provided, you will often need to conduct your own investigation. This step is important on…...

Purchase

14/09/2024

Life of the neighbourhood

Buying a condo isn’t only a matter of the inspection of the targeted immovable property. The atmosphere of the neighborhood is equally important because it can vary from place to place. Beyond the rules of conduct in force in the coveted co-ownership, knowing the dynamics of the neighborhood should always…...

Purchase

08/06/2015

Buying a condo ?

Buying real estate is for most people the most important investment of their lives. Such a decision must necessarily be well planned and thoughtful. But when this purchase concerns a dwelling in divided co-ownership, the operation is even more delicate and requires additional prior checks. Despite all this type of…...

Purchase

13/12/2023

Condominium shopping guide

You've decided to buy a condo. This type of acquisition is an efficient way to buy a home. For most of you, housing is not just an investment, it is also a source of well-being, self-projection and life organization. In co-ownership, it promotes the quality of living together in neighbourly…...

Purchase
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11/11/2023

Do I have a right to demand a certified copy of the declaration of co-ownership from the seller ?

Question:  At the time of the purchase of my condo, do I have a right to ask the seller for a certified true copy (authentic copy) of the Declaration of Co-Ownership?...

Purchase

26/05/2022

Lancement de la deuxième édition de Achat et vente - Tout ce qu'il faut savoir (webradio)

Le mercredi 27 avril 2022, la Webradio de Condolegal.com était entièrement dédiée au lancement de la deuxième édition de l'ouvrage Achat et vente : Tout ce qu'il faut savoir de Me Joli-Coeur.  Lancé en 2014 et modifié en 2022 suite aux nombreuses réformes législatives, ce guide pratique a été mis à…...

Purchase

01/06/2021

L'achat et la vente d'un condo (webradio)

Le mercredi 19 mai 2021, la Webradio de Condolegal.com était entièrement dédiée à un sujet complexe pour tout syndicat de copropriétaires: l'achat et la vente d'un condo. L'article 1068.1 du Code civil du Québec, issu du Projet de loi 16, obligera une plus grande transparence lors d'une transaction en copropriété.…...

Purchase
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16/09/2010

Legal documentation

The declaration of co-ownership is intertwined with the purchase of an apartment held in divided co-ownership. A genuine "user's guide", this document defines the rules to be observed in the immovable, as well as its administrative and management guidelines. Before acquiring a condo, any careful buyer should, imperatively, read the declaration…...

Purchase