Advantages Condo

At the time of the sale of a condominium unit it occur be that there are unpaid condo fees (the expenses of a condominium) owed by the selling co-owner to the syndicate of co-ownership. Who is responsible for paying these fees? Article 1069 of the Civil code of Quebec establishes the applicable rule on this question.

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The condominium market has grown tremendously in Québec over the past decade. Between 2000 and 2010, MLS® condominium sales increased by 124 per cent, compared to 41 per cent for single-family homes and 34 per cent for plexes. As a result, the condominium’s share of residential sales in Québec grew from 14 per cent in 2000 to 21 per cent in 2010

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  Despite that Syndicates of co-ownership vary in size, the majority will have no employees and will deal instead with entrepreneurs to execute the work required for the maintenance and the preservation of the building: interior maintenance,... read more

The declaration of co-ownership is the key document which governs relations between the co-owners and the Board of Directors acting as the syndicate's mandatees. Many clauses of the declaration of co-ownership reiterate word for word the provisions of the Civil Code of Quebec regarding divided co-ownerships, but it is important to know that the declaration of co-ownership also contains the description of the rights and obligations of the co-owners, of the Board of Directors and of the syndicate in general.

 

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In terms of property categories, condominiums fared best in the second quarter of the year, as sales remained stable compared to the same period in 2010. Sales of single-family homes decreased by 5 per cent, while plex sales fell by 14 per cent.

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We'll talk about some important points which the co-owner-landlord must be aware of before the tenant moves into the co-ownership.

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Certain co-owners may decide to rent their condominium, but there are important points to consider.

For the co-owner, the right to rent his or her condominium is an integral part of his right of ownership: he may choose to live there, or to rent it in order to derive rental income from it.

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A couple seeks to buy a condominium, and after two visits, one of which being to the interior parking, and one week after the first visit, the woman buys the condominium. The husband is not one of the purchasers in title, but intervenes in the act of purchase. Two interior parking spaces are included in the sale.

 

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The Syndicate of co-owners is claiming from eighteen defendant co-owners the payment of a special assessment to complete important maintenance and repair work begun in April 2008 on common portions, in order to correct a major water infiltration problem.

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Action for damages to cover the cost of modernizing building's freight elevator for cars and access to garage

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