Definition : Prior notice of the exercise of a hypothecary right - Prior notice of exercise of a hypothecary right (divided co-ownership)

Notice published and served on the co-owner who is still in default of paying his share of the common expenses or his contributions to the contingency fund, following the publication of a legal hypothec on the title of his property. Upon the expiry of a period of 60 days after the publication and service of the prior notice, the syndicate of co-owners may, if the failure to pay is still not resolved, institute a hypothecary recourse for, inter alia, the sale under judicial authority or the taking in payment of the fraction of the defaulting co-owner.

Webradio du 9 septembre 2020: L'hypothèque légale de la construction

Certains copropriétaires expérimentent l'hypothèque légale de la construction. Elle signifie qu'après avoir acheté l'appartement convoité, ils devront assumer les honoraires des sous-traitants que le constructeur n'a pas payé.

Collection of unpaid common expenses

The syndicate of co-owners must, to meet the expenses arising from the co-ownership and the operation of the immovable, collect from its members the necessary sums. It is therefore essential that the co-owners meet their financial obligations on an ad hoc basis. However, the failure to pay general or special common expenses (condo fees) is one of the most contentious co-ownership’s issues. The role of the board of directors in this matter is paramount, it is up to it to collect the debts of the syndicate. Unless this task is delegated to the condo manager. The syndicate must therefore take the necessary steps to collect the unpaid sums. A review of the options in such cases.

Frais de gestion et d’avocat : un copropriétaire délinquant doit-il toujours payer?

9 avril 2019 — Les frais de condo en souffrance peuvent entraîner un imbroglio juridique duquel personne ne ressort gagnant. C’est ce qui est arrivé à un couple de copropriétaires qui, après avoir fait défaut de payer ses frais de condo, a dû faire face à la publication, par son syndicat de copropriétaires, d’une hypothèque légale contre l’unité qu’il a achetée en 2013. Il en a résulté un procès opposant les deux parties.

Definition : Prior notice of the exercise of a hypothecary right - Prior notice of exercise of a hypothecary right (divided co-ownership)

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