Ask your question without charge
  1. Home
  2. Glossary
  3. Lot : Transitionnel lot

Definition : Lot - Transitionnel lot

Private portion (sometimes common) qualified as such in the context of the creation of a co-ownership, whether it is established in phases, by successive modifications or otherwise. Nowhere does the Civil Code of Quebec mention the expression "transitional lot". The use of the transitional lot is a creation of notarial practice allowing a developer to postpone the constitution of lots (private and common portions) that cannot be registered on the day of publication of the declaration of co-ownership. It is intended by necessity to be replaced by new lots, by means of a cadastral operation.

Related articles

Co-ownership by phases
Large-scale real estate developments in divided co-ownership are often carried out in successive stages, the number of buildings and the duration of the work are a function of the marketing and interim construction financing. Some co-ownerships have more than one building that have in common community spaces such as a parking lot, a swimming pool and traffic lanes. In such a context, it is then a question of "co-ownership in phases". This type of co-ownership allows the developer to spread the design of a real estate project over several years, and to modulate the pace of construction work according to the evolution of unit sales. However, it is customary to announce in the preamble of the declaration of co-ownership the legal structure chosen for this type of co-ownership.
View more