Questions & Answers

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Purchasing in a dysfunctional co-ownership: What to Do?

I am considering purchasing a condo within a small, seemingly disorganized co-ownership of three units. There is a joint bank account with a balance of $16,000, but many aspects of management are lacking: there are no specific regulations for the building, no separate accounts for reserve funds, insurance funds, and operational funds. There is also no maintenance log. Decisions are made informally among owners without formal meeting minutes. This lack of organization makes me hesitate…...

Purchase

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Bill of sale: must it be submitted to the syndicate?

I have just purchased an apartment in a co-ownership property and, as a new co-owner, I am discovering a world with its own rules and specific obligations. While reviewing the declaration of co-ownership, I had several questions about the administrative steps to take after the purchase. Among these, I wonder how the information related to the sale of my unit should be transmitted to the syndicate. Questions: Does the board of directors need a copy of…...

Purchase

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Common expenses: What should your real estate broker know and tell you?

I want to understand how condo fees (common expenses) shown in real estate agency listings are established. These amounts are not consistent and create uncertainty in the minds of those looking to purchase in co-ownership. Question: Is there a uniform directive among real estate agencies in this regard? What advice must a real estate broker give their client when he assists him in completing the form of the declaration of seller? Some sellers declare all…...

Purchase

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Condominium: what does this word mean?

In our daily lives, it is common to hear or read expressions such as "buying a condo," "condo fees," or "living in a condo." These terms, though widely used, often raise questions about their origin and true meaning. They reflect a complex and structured reality that goes beyond the simple notion of housing. Even specialized websites, like Condolegal.com, use this word to address topics related to the management, purchase, and sale of co-ownership properties. Question:…...

Purchase

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Contingency Fund : Can I be reimbursed ?

Question:  We have accumulated significant sums for the repair of the roof, which is to take place in ten years. As part of the sale of my apartment, can I ask the buyer or the syndicate for a refund of the contributions I have paid to the contingency fund?...

Purchase

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Cracks in the building: what to do?

I am the co-owner of a new condo. Other owners and I have recently discovered cracks in the foundation of the building, as well as water infiltration in the garage. The developer is mute, and we have not yet transferred the administration. Question: Should we refuse to elect our first Board of Directors, until the issues identified have been corrected? And should I sell immediately before other major problems arise?...

Purchase

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Deed of sale: must it be submitted to the syndicate?

Question:  At the time of the purchase of my condo, do I have a right to ask the seller for a certified true copy (authentic copy) of the Declaration of Co-Ownership?...

Purchase

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Disposal of a common-use parking area for restricted use: how to do it?

Question: I plan to purchase the exclusive right of enjoyment of a parking space (common portions for restricted use) a few months after purchasing my apartement (parking is sold directly by the developer). Do I have to go to the notary to change my deed of purchase to indicate that parking is associated with my private portion ?...

Purchase

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Empiètement dans les parties communes : comment le régulariser ?

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 de notre immeuble. Questions : Quels sont le processus et les modalités à respecter lorsqu'un copropriétaire désire faire régulariser cette problématique? ...

Purchase

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Smoke-free co-ownership: is it possible?

I am about to make a significant investment by purchasing an off plan apartment, but this decision must strictly meet specific requirements that directly impact my quality of life. Being highly intolerant to secondhand smoke, I cannot, under any circumstances, consider living in a co-ownership where smoke from neighboring units could infiltrate my space. The air I breathe must be clean and free of any nuisances, and a smoke-free environment is more than just a…...

Purchase