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24/01/2025
The market value of a co-ownership is closely linked to the management of the building. In fact, sound management of the building allows you to maintain or even increase the market value of your unit. At present, the media has not yet reported any major scandals concerning technical bankruptcies of co-ownership syndicates caused by unforeseen repairs or by losses that occurred when the insurance value of the building had not been correctly established. However, it…...
13/01/2025
When it comes to preventing water damage in condominiums, the choice of system is essential, but it is equally crucial to ensure that it is installed and configured correctly. Improper installation, even with the best product on the market, can significantly reduce the effectiveness of the system, exposing the building to unnecessary risks....
10/01/2025
Wood fireplaces, appreciated for their charm and conviviality, are now raising major concerns in co-ownership buildings. Due to public health, environmental protection and safety issues, these installations must now comply with strict standards, such as those established by the Construction code. In addition, municipal regulations, particularly in Montreal, impose significant restrictions on their use and sometimes require costly compliance work. This article examines the challenges associated with these installations and proposes solutions to ensure compliance…...
05/01/2025
The co-ownership register is not merely an administrative tool; it is the heartbeat of property management. Beyond recording the names and addresses of co-owners, it must also include detailed information about tenants and other occupants. This data is essential for efficiently managing interactions with all residents and ensuring effective communication, especially during emergencies or significant events like repairs or inspections. It becomes a comprehensive coordination and prevention tool, indispensable to the smooth functioning of the…...
09/12/2024
Water damage is one of the most frequent and costly losses in co-ownership. However, many damages can be avoided thanks to preventive solutions. Their implementation is based on collaboration between the board of directors, managers and co-owners. Together, they can adopt effective strategies to reduce risks and protect buildings....
30/08/2024
Compulsive hoarding disorder, also known as syllogomania or hoarding disorder, is characterized, according to a reference book published by the American Psychiatric Association (APA), by an individual’s persistent difficulty in discarding or parting with their possessions, regardless of their actual value, due to an intense need to save them and the distress associated with the idea of discarding them. People suffering from this disorder may accumulate all sorts of items, ranging from common household objects to…...
05/06/2024
Even if it is tax-exempt, every syndicate of co-owners must submit an income tax return each year, both at the provincial and federal levels. This return must be filed within six months following the end of the fiscal year. A syndicate of co-owners must therefore complete the Non-Profit Organization Information Return using CO-17.SP form (at the provincial level) and the Corporate Income Tax Return using form T2 (at the federal level). It is important to…...
30/05/2024
A syndicate of co-ownership becomes an employer when it hires an employee under a work contract, whether verbal or written. A work contract exists when an employee performs work for remuneration under the direction or control of an employer (article 2085 of the Civil code of Quebec). This entails new legal responsibilities and obligations for the syndicate of co-ownership (SOC). Failure to comply with these obligations can result in significant legal and financial consequences. To…...
10/03/2024
The Goods and Services Tax (GST) and the Quebec Sales Tax (QST) are collected in Quebec on the sale of most goods and services. The application of the Excise Tax Act (Part IX) and the Act respecting the Québec sales tax in respect of expenses incurred by a syndicate of co-owners and the contributions to common expenses it receives from co-owners is a very complex subject. Before registering for the GST and QST files, a…...
22/08/2023
22 août 2023 - Un devoir fondamental d’assurer l’entretien et la conservation de l’immeuble s’impose aux administrateurs de tout syndicat de copropriété; c’est d’ailleurs là leur mission première. Il en découle l’obligation de pourvoir aux coûts engendrés par ces travaux. Voyons donc quelles sont les principales sources de financement des travaux en copropriété. ...
