Definition : Usufructuary

A person who has the right of enjoyment of a property for a certain period of time, owned by another (the bare owner), subject to the obligation of preserving its substance (preservation).

See also : Usufruct

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23/07/2024

Exercise and distribution of voting rights

The first sentence of article 1090 of the Quebec civil Code states that "Each co-owner is entitled to a number of votes at a general meeting proportionate to the relative value of his fraction." The number of votes is related to the share of property rights each co-owner holds in the building. Therefore, the co-owner of a…...

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23/07/2024

Voting in a meeting of the co-owners

The right to vote is the very foundation of a democracy. The citizens who are part of it can thus express their will in an election. In principle, this right is equal among all voters. In effect, it is equivalent to "one person, one vote", which means that all the…...

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20/07/2024

Contents of the declaration of co-ownership

.The declaration of co-ownership is a contractual document drawn up by the person who subjects an immovable to the regime of divided co-ownership. Its publication in the Quebec Land Register is a necessity for the existence of a syndicate of co-owners. It includes all the rules ensuring the efficient organization…...

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01/07/2024

Abiding to the by-laws of the immovable

When the leased property is an apartment, the lessee must respect the by-laws of the immovable. However more often than not, tourists renting a condo for a short period of time have not received a copy thereof and may not even realize they are contravening   its provisions.They sometimes unduly use…...

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14/01/2017

Abiding to the declaration of co-ownership

The declaration of co-ownership defines the terms and conditions of living together. It applies to the co-owners and, in principle, to the occupants and tenants s of the building. It is up to the Board of Directors, as soon as it becomes aware of it, to ensure that its content is…...

Syndicate