The essence of divided co-ownership (condo) is to divide the building into private portions for the exclusive use of a co-owner, and into common portions for the common use of all the co-owners or of one or more co-owners.
The private portions are the fractions of the immovable in which the co-owners have an exclusive right of property. They are described in the part of the declaration of co-ownership dedicated to the cadastral description of the fractions. These portions are physically identifiable. It can be an apartment, a parking space or a parcel of land in the case of townhouses. Each private portion has its own cadastral designation.
December 14th 2015 - Besides seeing to the respect of the declaration of co-ownership, you as directors of a condominium must ensure the maintenance and conservation of the building. It is your uppermost duty and the majority of your tasks ensue from this fundamental obligation.
Buying an apartment in a co-ownership is a major investment in a lifetime. To avoid being caught off guard during the process leading to your purchase, you should seek proper assistance.
Les copropriétaires peuvent utiliser et jouir librement des parties communes, à condition de ne pas exercer abusivement ce droit et de ne pas les endommager!
Advenant qu’un copropriétaire ou qu’un de ses mandataires occasionne des dommages à une partie commune, il en sera responsable. Il appartiendra au syndicat d’engager les travaux correctifs, mais à la charge de ce dernier.