It is not uncommon for a syndicate of co-owners to end its financial year with a budget deficit. Although such a situation is not expressly prohibited by the Civil Code of Québec, it raises several questions, both from an accounting and legal perspective. Can a syndicate continue to operate despite a deficit? What are the legal consequences? What measures should be implemented to remedy the situation? These issues, which lie at the heart of financial management in co-ownership, call for structured and nuanced answers. To address them, we propose two complementary sub-fiches covering:
