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

Under the law, a minimal contribution of 5% of the total of common expenses must be required from the co-owners for the contingency fund. This minimal contribution, enacted for all of the divided co-ownerships, does not reflect the real situation of the co-ownerships in Quebec. It is thus essential to evaluate the building as a whole in order to determine the maintenance costs in the long term, that is to say a period of 10, if not 20 years, to establish an annual contribution which takes into account the peculiarities of the building (roof, plumbing, heating system, etc.) to be renovated or replaced in the long term. The importance of the common portions as well as the various specificities of the immovable property, its architecture, etc., can cause a lot of changes in the sums required to maintain the contingency fund.