21/07/2025
Certificate attesting to the condition of the co-ownership and real estate transaction
As buying a property is the biggest financial investment that many people will make, they need to be well informed when making such a major decision. For the buyer to be sure that they are making the right choice, it's essential that they have certain information about the co-ownership at the time of the transaction. Bill 16, which was passed in December 2019, includes an important measure to help buyers make the right decision.
Article 1068.1 of the Civil Code of Québec, which which came into force on August 14, 2025 by government regulation, provides that the seller of a fraction must, in due time, give the promisor-buyer a certificate of the syndicate attesting to the condition of the co-ownership, whose form and content will be determined by this same regulation. This certificate must be provided to any co-owner who requests it within 15 days. ...