What amount the syndicate will have to require from co-owners for the contribution to the contingency fund?

Under the amendments to to article 1071 of the Civil Code of Québec in 2020, establish a contingency fund based on a study of the cost of major repairs and and replacement costs of common areas. This This study must take into account the lifespan of the components and the sums available in the contingency fund. Specific amount designations such as the former 5% rule, no longer apply. The valuation of the building as a whole, however, remains essential in determining long-term long-term maintenance costs.