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Our syndicate of co-ownership will soon undertake repair work on the building's garage slab. As a director, we consulted an engineer to prepare a cost estimate. We are now at the stage of initiating the work. Given the significant costs involved, we have questions about choosing the contractor. It is essential for our co-ownership to select a contractor who not only offers a realistic and competitive estimate but also has a solid reputation and verifiable references.…...
Nous prévoyons de refaire complètement la décoration de notre hall d’entrée. La facture pourrait dépasser 150 000,00$ et nous ne savons pas vraiment si cette dépense relève du budget d’exploitation ou du fonds de prévoyance. Comment faire la distinction exacte entre ces deux sources de financement?...
I've recently become a co-owner. The building I live in, which is over 30 years old, has 10 units. The contribution to the reserve fund is substantial. In fact, it consumes 20% of the condominium's budget! This seems excessive to me. The other co-owners share this concern and question if this rate is justified. We fear that this financial burden might jeopardize our ability to cover other essential current expenses. If this situation persists, some…...
One of our co-owners complains of a slow flow of wastewater at the toilet, the bath drain and the bathroom sink. Obviously, there is abnormal operation of the drainage system. Questions: How to determine the responsibility to pay for the unclogging of the clogged water column? Is it up to the co-owner or the syndicate of co-owners? Are there elements to consider, for example the place where the blockage occurs or the state of the…...
Seven years ago, the board of directors engaged professionals to conduct a contingency fund study. Upon reviewing it, the directors at the time deemed the financial contributions required from the co-owners to the contingency fund too costly. Recently, a sale of an apartment in our building failed because the buyer was informed that the common charges had not been significantly increased. We aim to bring order to our co-ownership by adhering to the recommendations of the…...
For a little over two years now, we have been the proud owners of an apartment in a small co-ownership complex. I also have the honor of serving on the board of directors, allowing me to actively participate in the life and management of our community. At our annual co-ownership' meeting last week, we discussed various important topics, one of which was the maintenance of our common portions. To ensure their proper maintenance while controlling our…...
Certains copropriétaires de notre immeuble désirent changer les rampes de leurs balcons et m’ont demandé mon avis sur cette question. J’ai répondu qu’il fallait utiliser l’argent qui se trouve dans le fonds de réserve/prévoyance, car il s’agit selon moi d’une amélioration à l’immeuble. On m’a alors dit que l’argent ramassé dans ce fonds ne sert pas à cela, mais à faire le remplacement de la fenestration ou de la toiture....
The windows of our unit are at the end of their lives, according to a specialist who changed the thermos of a window that don't 2 windows have already cracked. Despite my express request to the syndicate to change our windows, he prefers to wait a few years to change all the windows. We have been losing the enjoyment of one of our main windows for 2 years. Its opening is a danger, because it…...
Questions : Can co-owners or occupants of the building be authorized by the board of directors to carry out voluntary work (such as painting the corridors, washing the windows, laying out a small gravel path, etc.), in short, limiting the number of contractors for the maintenance of the building, and this to save several thousand dollars each year? And if this is possible, what are the consequences? When it comes to liability insurance, is this…...
A reserve fund study was recently conducted by a certified evaluator. The study proposed two scenarios: 1. Scenario 1 (status quo): This scenario, which is not recommended by the evaluator, would maintain current contributions but lead to a deficit in approximately 15 years, requiring special assessments. 2. Scenario 2: Recommended by the evaluator, this scenario involves a significant increase in condo fees to ensure the financial sustainability of the syndicate. The outgoing board of directors…...
