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Normative instrument of a general and impersonal nature, made under an Act and having force of law when it is in effect. To regulate the development of regulations, the National Assembly of Quebec passed the Regulation Act, which imposes an adoption process for any regulation.
16/06/2024
The new provisions introduced by Bill 16 will bring about many changes regarding the contingency fund in a co-ownership. It will be mandatory to obtain a contingency fund study, which will establish the necessary amounts so that the fund is sufficient to cover the estimated cost of major repairs and…...
16/06/2024
Article 1071 of the Civil Code of Québec states :" The syndicate establishes, according to the estimated cost of major repairs and the cost of replacement of common portions, a contingency fund to be used exclusively for such repairs and replacement. The fund must be partly liquid and be available at short notice, and…...