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Additional guarantee in a deed of hypothecary loan, by which a co-owner relinquishes, in favor of his creditor, the voting rights attached to the fraction he has hypothecated. This right is generally exercised by the hypothecary creditor only if the co-owner defaults of his obligations towards the creditor. The voting rights transfer must be notified to the syndicate to preserve its opposability.
02/04/2024
Optimal management of a co-ownership (condominium) is rooted in the meticulous keeping of a register and so, in accordance with section 342 of the Civil Code of Québec; this register, partially accessible to co-owners, contains vital information for the proper functioning of the co-ownership such as the contact details of the co-owners as well…...
02/03/2010
During a meeting of co-owners, important decisions are made for each member of the co-ownership. Whether for alteration or improvement of the common portions, the election of the members of the board of directors, it is up to the co-owners to decide. However, if a co-owner is absent and has…...
03/06/2015
It is indeed a rare occurrence when a buyer pays its condo, in one single payment. Most of them must obtain a mortgage loan to finance their purchase. What are the criteria and conditions to get a mortgage loan? Whom should you get it from? Banks, credit unions or other sources? What…...