ASSET MANAGEMENT PLAN
for co-ownerships in Quebec
The asset management plan is not a requirement of Law 16. It provides an overview of the physical condition of the building and allows prioritization of the work to be carried out.
This is particularly useful for older buildings.
This assessment combines the study of the reserve fund, the maintenance logbook and the certificate of building condition.
WHY ENTRUST US WITH THE ASSET MANAGEMENT PLAN FOR YOUR « CONDOMINIUM »
Our studies are exhaustive, but concise in order to be easy to understand and communicate.
We combine our expertise in building engineering with skills in finance and actuarial science.
We provide support for our clients and are available to answer their questions before, during and after the delivery of our studies.
According to the Condolegal website, the building condition report should be prepared by a professional technologist, engineer or architect.
For the sake of uniformity and rigour, our asset management plan is aligned with the recommendations of the Regroupement des gestionnaires et copropriétaires du Québec (RGCQ).
SPECIALIZATION
IN SMALL CO-OWNERSHIPS
Most of the time, small condominiums do not have managers. The co-owners must therefore ensure that they make the right decisions themselves.
The asset management plan is like a family doctor for a building. It is invaluable in guiding condo owners to ensure the overall health of the building. All of our mandates are asset management plans.
We offer group rates for identical buildings located in the same neighborhood. This offer allows you to save money while guaranteeing the proper maintenance and harmonious aging of your neighborhood, which helps preserve and increase the value of your property.
FREQUENTLY ASKED QUESTIONS
-
The asset management plan is a detailed evaluation of a condominium. It includes various components. The reserve fund study is one of these components.
When we work on an asset management plan, we go even further in the analysis than when conducting the reserve fund study.
To find out more, read our article which explains their differences in detail.
-
Entrust the asset management plan for your condominium to qualified engineers, architects or technologists.
Source: Condolegal
-
Visit of the premises at a specific time. We note the quality of each of the components.
Preparation of the building condition certificate. We add our observations, our recommendations, the condition and photos of the building components.
Creation of the 5-year maintenance logbook. Our recommendations are based on the building condition certificate.
Creation of the reserve fund over 25 years. Our recommendations are based on the building condition certificate.
Presentation of the various financial scenarios. Determination of the contributions to be paid and expert recommendations.
-
Here is the list of documents and information that we will ask you for.
Declaration of co-ownership, easements and amendments
Plans and specifications
History of works and invoices
Tenders (future works)
Expert reports (Law 141, Law 122, inspections, etc.)
Financial statements
Cadastral plans
Name of the syndicate and address of the co-ownership at the REQ
Year of construction
Number of units
Number of indoor and outdoor parking spaces
Annual contribution and accumulated amount in the contingency fund
Value of the building and reconstruction value
Don't have all these documents? No problem. Only the declaration of co-ownership is mandatory.
-
In most cases, our plans are delivered in 90 days or less after the site visit.
-
Yes, we will be happy to accompany you to your board of directors.
READY TO WORK WITH US?
Present your situation to obtain advice and a quote