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Prior contract by which a promisor-buyer undertakes to acquire a property at a price, conditions and within a specified period, and this, without having the guarantee that the owner of the building will accept it. The offer to purchase (or "promise to purchase"), once accepted by the owner, is the first step that leads to the deed of sale (or purchase, depending on the point of view). When this is done through a real-estate broker, the offer to purchase must be in writing and be recorded using a mandatory form from the Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ).
14/10/2025
Using the services of a real-estate broker is not mandatory. That said, unless you are able to personally handle the purchase and/or sale of a fraction of a building held in divided co-ownership, you should call upon this professional during your process. Doing it yourself would require a massive investment…...
04/06/2025
Although the law has not yet been adopted, it is expected that once it comes into force, every co-ownership association in Quebec will be required to have a contingency fund study conducted by a qualified professional. This study, to be renewed at least every five years, will assess the amounts needed…...
19/12/2024
In this video produced by Condolegal as part of the Coproprié-T program, discover everything you need to know about the purchase offer, a critical step in the process of acquiring a co-owned property. Hosted by Me Yves Joli-Coeur, lawyer, this insightful discussion highlights the perspectives of Me Marie-Claude Leblanc, notary,…...
09/08/2024
The notary is a jurist with the task of public officer, who ascertains the free and informed consent of the parties. The notary also has the role of legal adviser. It therefore protects consent. The intervention of the notary is very important when purchasing an apartment in a divided co-ownership.…...
30/03/2024
You’ve finally found the apartment you’ve been searching for—the one that checks all the boxes. Thoughtfully renovated, elegantly decorated, and filled with natural light. It also comes with dream-worthy amenities: a stunning rooftop terrace for summer evenings, a pool for relaxation, a gym to stay in shape without leaving the…...
13/12/2010
For the promising buyer, the offer to purchase is a way to reserve a property on conditions that he sets himself. When signing an offer to purchase, it may be that certain aspects surrounding the sale are beyond its control. This will happen, for example, if they have to sell…...
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13/12/2023
Buying an apartment in a co-ownership is a major investment in a lifetime. In order to avoid being caught off guard during the steps prior to this acquisition, you will need to be well accompanied. After finding the apartment, the first thing to do is to appreciate the condition of…...
04/12/2023
The offer to purchase usually indicates a period during which the seller can accept or refuse it. It is essential to attach a period of acceptance and notification to the offer to purchase. This period is equivalent to the period of time during which this offer to purchase will remain…...
02/12/2023
Once the apartment of your dreams in your price range found, the next step is to make an offer to purchase, either verbally or in writing. Although the verbal option is legally valid, it is better to formalize it in writing. L’Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) (the…...
13/03/2023
9 mars 2023 - Une des étapes importantes lors d’une transaction immobilière est évidemment l’inspection en bâtiment. Plusieurs personnes y ont intérêt mais aucune plus qu’un acheteur. Après l’inspection, l’acheteur reçoit le bilan de santé de l’immeuble qu’il projette d’acquérir. Regardons maintenant qui fait quoi et le cadre applicable....
01/06/2021
Le mercredi 19 mai 2021, la Webradio de Condolegal.com était entièrement dédiée à un sujet complexe pour tout syndicat de copropriétaires: l'achat et la vente d'un condo. L'article 1068.1 du Code civil du Québec, issu du Projet de loi 16, obligera une plus grande transparence lors d'une transaction en copropriété.…...
13/12/2010
At the time of concluding the offer to purchase, it is customary for the promising buyer to pay a deposit or security deposit of a variable amount. The amount thus paid will be deducted from the amount to be paid if the sale is concluded and will be remitted to…...
13/12/2010
The offer to purchase is an important step in any real estate purchase. The Civil Code of Québec does not exhaustively specify the mandatory content ofan offer topurchase. However, the unequivocal will for the buyer to acquirethe property must be registered. Tobe valid, it must include a certain number of…...
25/10/2010
The deed of sale must show the intent of both the seller and the purchaser. It confirms the agreements between the parties, in particular those of a financial nature. These agreements are generally written in details in the offer to purchase. Keep in mind that it is not compulsory to reproduce…...