Question: After the sale of my apartment, can I ask for the refund of the contributions I paid into the contingency fund?
Answer: No. The law provides that the amounts paid into the contingency fund remain the property of the syndicate. Any contribution made therein is therefore not refundable, as the money accumulated each month will be used to ensure the preservation over time of the co-ownership.
I am a recent co-owner. The building I live in has 10 units. The contribution to contingency fund is substantial. In fact, it represents 20% of the budget of the co-ownership! That seems excessive.
Question: Is there a ceiling to the amounts to be paid in the contingency fund