Are you considering buying a condo unit? Are you thinking about acquiring a real property in indivision? You are not sure if your declaration of co-ownership drafted before 1994 meets the current standards of the Civil Code of Quebec? You want to know what could happen in case of a total or partial destruction of your condominium?
For all these cases, you can use the services of your notary. The preparation or review of a declaration of co-ownership, the purchase of a unit in a condominium and the preparation of an indivision agreement present particularities which require the assistance of a specialist of the co-ownership, divided or undivided, your notary.
Your notary can draft your declaration of co-ownership, whether it is a co-ownership counting two units or several dozens, and this as much for a residential, commercial condominium than for an industrial condominium. He will inform you about your rights and obligations as co-owner and, within the framework of the purchase of a unit, he will be able to gather for you the information on the by-laws of the immovable which are in force, the situation regarding the contingency fund, etc.
You are considering purchasing a fraction of an undivided co-ownership, your notary can prepare the indivision agreement which will attribute to you an exclusive dwelling unit, will govern your relationships with your co-owners and will provide for the conditions of an eventual partition.
If you are co-owner of a unit in a condominium constituted before 1994, your notary can update your declaration of co-ownership taking into account the provisions of the Civil Code of Quebec and any applicable government regulation.
Your notary can proceed to the update of your register of co-ownership (new owners, new by-laws, creditors, rental units, etc.). To protect the rights of the syndicate of co-owners, your notary can also prepare and publish in the land register the legal hypothecs against the co-owners in default of paying their common expenses.
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