Allocation of funds (by the syndicate of co-owners) destined for the execution of work to be done in the common portions. These funds may come from a variety of financing sources, including:
Les travaux à faire dans une copropriété peuvent être décidé par le conseil d'administration, alors que d'autres nécessitent un vote par l'assemblée des copropriétaires.
Co-ownership work is of the utmost importance. Yet, they are more often than not overlooked by the syndicates of co-owners. Work that needs to be done in common portions can be minor or major in scope. Yet one needs money to pay for them. Good financial planning is therefore advisable in the medium and long term, so that the community of co-owners can adequately protect its real estate investment.
Replacing windows, the roof or rehabilitating the underground parking slabs, to name just a few examples, is usually very expensive. Three options are available to the syndicate to pay for this work: