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We find ourselves in a financially challenging situation and seek guidance. Two years ago, we made a 15% deposit for the purchase of an off-plan condo, which was scheduled for delivery this year. According to the terms of the contract, if we fail to meet our obligations, we will not be able to recover this amount. This sum represents a significant portion of our savings. Question: Given this situation, what steps can we take to…...
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?...
I have just purchased an apartment in a co-ownership property and, as a new co-owner, I am discovering a world with its own rules and specific obligations. While reviewing the declaration of co-ownership, I had several questions about the administrative steps to take after the purchase. Among these, I wonder how the information related to the sale of my unit should be transmitted to the syndicate. Questions: Does the board of directors need a copy of…...
Nous avons découvert, par suite de la réalisation d’un certificat de localisation d’un appartement, qu’une partie importante de celui-ci déborde sur les parties communes. Selon le notaire, qui doit procéder à la vente de cet appartement, cela a pour conséquence de créer un vice de titres pour l’ensemble des copropriétaires de notre immeuble. Questions : Quels sont le processus et les modalités à respecter lorsqu'un copropriétaire désire faire régulariser cette problématique? ...
During the sale of an apartment, we, as directors, often have to complete and provide documents to notaries and real estate brokers. Clearly, we understand that the goal is to properly inform the prospective buyer about various aspects of their purchase. We also understand that this process aims to ensure transparency and facilitate the transition for new co-owners, thereby ensuring a good understanding of our co-ownership's specificities. Questions: We seek to clarify the…...
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Question: I want to sell my apartment. I am aware that I must provide a number of documents to the real estate broker who takes care of the sale, to the buyer in the making whose offer I will have accepted and to the notary who is in charge of drafting the official documents of the sale. Specifically, whatare the documents to be communicated to the buyer of a co-ownership?...
In our daily lives, it is common to hear or read expressions such as "buying a condo," "condo fees," or "living in a condo." These terms, though widely used, often raise questions about their origin and true meaning. They reflect a complex and structured reality that goes beyond the simple notion of housing. Even specialized websites, like Condolegal.com, use this word to address topics related to the management, purchase, and sale of co-ownership properties. Question:…...
