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A professional, member of the “Ordre des évaluateurs agréés du Québec” (Québec Order of Chartered Appraisers), mandated to determine the value of a property or of a real right.
WHAT YOU SHOULD KNOW ! The law requires every syndicate of co-owners to have the reconstruction value of the immovable assessed, at least every 5 years, for insurance purposes by a professional designated by regulation of the Government. To this end, section 3 of the Regulation to establish various measures in matters of divided co-ownership insurance states that only a chartered appraiser, a member in good standing of the Ordre des évaluateurs agréés du Québec, may be responsible for assessing the amount of property insurance to be taken out by the syndicate of co-owners.
26/09/2023
The Law and the overwhelming majority of declarations of co-ownership require that syndicates of co-owners insure their building. This may seem surprising at first glance as the syndicate does not own the private portions nor the common portions. However, its main object is to ensure the preservation and the longevity of the building…...
02/09/2023
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…...
30/03/2010
The insurance of the syndicate covers the common portions of the immovable, as well as your private portion. In the event of a loss, it will not cover you for the improvements made to your private portion. It is your responsibility, therefore, to ensure that these improvements are adequately, by…...