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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…...
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…...
A study of the contingency fund was recently conducted by a professional. This analysis highlighted two possible scenarios: 1. Scenario 1 (status quo): This scenario, which is not recommended by the professional, would maintain the current contributions but would result in a deficit within approximately fifteen years, requiring the use of special assessments. 2. Scenario 2: Recommended by the professional, this scenario involves a significant increase in condo fees to ensure the financial sustainability of…...
We own a two-level apartment (a main floor and a mezzanine) in a three-story building. Initially, an open space above the kitchen, crossed by beams, created an open area up to the mezzanine ceiling. The first owner added glass panels on the beams, turning this space into a glass ceiling above the kitchen, which also serves as a floor for the mezzanine. We have no documentation confirming that this glass surface was designed to be…...
I would like to replace the carpet in my apartment with hardwood flooring, in order to improve the aesthetics and comfort of my residence, while increasing its long-term value. However, a director informed me that prior authorization from the board of directors was required to make this change. He also told me that if I proceeded without their agreement, they could force me to restore the original condition at my own expense. However, the floor covering…...
As the president of a horizontal co-ownership, I have noticed confusion among co-owners. They believe that the contingency fund can cover work on private portions, such as roofs, windows, or exterior cladding. However, under the Civil Code of Québec, this fund must be used exclusively for common portions. Question : Can the syndicate of co-owners legally impose a levy on co-owners to create a specific fund for work on private portions, such as roofs, windows, or…...
I would like to obtain clarification regarding the maintenance of balconies in our condominium building. Originally, the balconies were constructed using treated wood, a material that requires regular maintenance, including applying a protective stain every two years to ensure their durability and aesthetic appeal. Our declaration of co-ownership states the following: "Each co-owner whose private portion is adjacent to a balcony or patio must ensure, at their expense, the proper maintenance and cleanliness of this…...
