Definition : Relative value

The value of a fraction determined (for example, apartment 303) by comparing its value in relation with the value of all the other fractions. Generally expressed in percentage, it is established taking into account the nature, destination, dimension and location of the private portion of each fraction, but without taking into account its use. It is used to establish the share of the right of ownership of the co-owners in the common portions, their contribution to common expenses and the number of votes attached to their private portion.

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Article 1090 of the Civil Code of Québec states that "Each co-owner is entitled, at the General Meeting, to a number of votes proportionate to the relative value of his fraction." This number of votes is related to his share of the rights of ownership held in the immovable. Thus, the co-owner of a private portion whose relative value is greater than another will have the deciding vote. In return, he  will contribute to a greater portion  of the costs associated with the preservation, maintenance and administration of the  immovable  given that common expenses are allocated between all co-owners according to the relative value of their fraction.
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Before purchasing a condo, you must, without fail, review carefully the legal documents of the coveted building. This tedious exercise will allow you to find out problematic areas or potential deficiencies, which may cause you to review your decision to purchase.
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Toute révision d’une valeur relative a un impact direct sur la répartition des charges communes, puisque l’article 1064 du Code civil du Québec (C.c.Q.) impose un mode de répartition en fonction de la valeur relative de chaque lot.
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Administrative, maintenance, replacement, improvement or alteration expenses of the common portions are divided among the co-owners. General common expenses are to be distinguished from special common expenses, which are allocated under different rules. In the first case, it is the relative value of each private portion that is used to establish the co-owners contribution. As for special common expenses arising from common portions for restricted use, the co-owners using them are alone responsible of the expenses resulting therefrom.
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Dans la déclaration de copropriété, il y a un tableau déterminant la valeur relative de l’unité que je projette d’acheter. Et on me dit que la répartition des charges communes et du fonds de prévoyance se fait par rapport à cette même "valeur relative". Je me demande de quoi il s'agit exactement et s'il est possible de la modifier au moment de l'achat?
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