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Amounts spent by the syndicate of co-owners for work related to major repairs and the replacement of the common portions of the immovable, to be distinguished from their mere maintenance.
16/06/2024
However new and attractive it may be, a co-ownership will inevitably age and, sooner or later, require major repairs. Yet in Québec, nearly half of syndicates of co-owners have no planning tool to adequately fund their contingency fund. This shortcoming, which can sometimes have serious financial consequences for certain co-owners, should…...
05/07/2025
We are considering a complete renovation of the lobby design in our building. This project would include replacing the finishes, adding furniture, upgrading the lighting, and possibly even hiring a designer. The estimated cost of the entire project could exceed $150,000, which raises important questions about the appropriate funding source…...
19/01/2025
During our last annual meeting, the board of directors presented the projected budget for the upcoming year, which included a significant increase in common expenses due to major elevator compliance work planned for the year. Although several co-owners strongly opposed this decision, the budget was nevertheless adopted without proper consultation.…...
01/01/2024
Dans cette capsule vidéo, l’avocat émérite Yves Joli-Coeur explique le concept du Fonds de prévoyance. Il rappelle qu’avec l’entrée en vigueur du Code civil du Québec, en 1994, le législateur québécois a introduit l’obligation, pour tout syndicat de copropriétaires, de se doter d’un « fonds de prévoyance ». Ce fonds…...
31/07/2020
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