For co-ownerships created before October 31, 2017, it is essential to adopt one or several descriptions of the private portions of reference before June 13, 2020. In the absence of one or several descriptions made available to the co-owners by this deadline, the co-ownership will be deemed having no improvement as of October 31, 2017.
This could lead to situations of insurance insufficiency, since components that were previously insured by the co-owners, will then automatically fall under the coverage of the Syndicate's insurance. In addition, this could lead to unfair situations for co-owners, by having insurance paid by some for the improvements of others. To the extent that the preparation of this description(s) will require a consultation and a vote of the co-owners gathered in a general meeting, you have only a few months left to attend to this matter at your next annual general meeting to be held in the summer or in the fall of 2019. At the 2020 general meeting, it will already be too late!
Offer of services for co-ownerships
DJC offers a fixed price service package to assist you in the process of establishing the description (or descriptions) of reference of the private portions, so that you do not miss the deadline.
This package includes the following services:
All for a reasonable fixed cost of $ 1,500, plus disbursements and taxes, (additional services at extra cost).
For further information: call De Grandpré Joli-Coeur, s.e.n.c.r.l. lawyers and notaries at :