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How can the increase in condo fees in a small condominium be managed?
Increasing condo fees is often a sensitive issue in co-ownerships, especially in small, self-managed co-ownerships where each co-owner is often involved in the financial management of the building.
How can realistic costs be set without causing tension?
How can you ensure that the condominium remains in good financial health by avoiding sudden increases?
Here is a clear guide to managing this situation calmly and effectively.
All you need to know about Bill 16
Discover our complete article on Law 16, which details legal obligations, the maintenance logbook and the reserve fund study. Learn how to anticipate major works, avoid deficits and guarantee transparent management to protect the value of your co-ownership. Find out about reforms aimed at introducing more responsible governance in condominiums.
How is the reserve fund study calculated?
The reserve fund is an essential pillar in guaranteeing the financial sustainability of a condominium. Co-owners often misunderstand its calculation. This article explains how the reserve fund is determined, what variables come into play, and why it's crucial to forecast contributions to avoid long-term deficits properly.
Bill 16: What you need to know about new condominium regulations in Quebec (2024-09-11)
Bill 16 proposes major changes to condominium management in Quebec. This article tells you about the new obligations, such as the introduction of a mandatory maintenance logbook, a reserve fund study to be carried out every 5 years, and stricter rules on transparency when selling a unit. You'll also find out about the 3-year deadline given to syndicates to comply once the regulations come into force.
5 common condominium management mistakes and how to avoid them
Discover 5 common condominium management mistakes and learn how to avoid them with practical advice. Improve the management of your building and ensure the satisfaction of your co-owners.
Do you know the difference between the reserve fund study and the asset management plan?
Two key elements in condominium management are the asset management plan and the reserve fund study. Although sometimes confused, these two tools have distinct but complementary objectives and functions. This article aims to clarify these differences and explain their importance for co-owners.
All you need to know about the maintenance logbook
The condominium maintenance logbook is an essential component to ensure the proper management and sustainability of your condominium. In Quebec, Bill 16 will govern the implementation and management of these logbooks. In this article, we will explore what a maintenance logbook is, its content, its importance, and more!
Why the reserve fund study is important
One of the key measures introduced by Law 16 will be the obligation for condominium syndicates to carry out a study of reserve funds. This study, essential to the financial sustainability of condominiums, deserves special attention.
What are the impacts of Law 16 coming into force?
In the field of co-ownership, many people talk about Law 16 (Borée professional services included!); Has the law come into force? What does it talk about? What will the impacts be on my co-ownership? These are all good questions that we will try to answer in this article!