Written by
Patrick Gautreau, T.P.
Published on
12/12/2019
Reading time
1
min
Bill 16 and Condominiums: What It Means for Syndicates
Bill 16 changes condominium management. Learn how it affects the contingency fund, the maintenance log and the responsibilities of syndicates of co-owners.
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Among other things, the law requires syndicates of co-owners to have a contingency fund study carried out every five years. This study will establish "the amounts required for the fund to be sufficient to cover the cost of major repairs and the replacement of common portions," in addition to determining the co-owners' annual contribution.
https://portail-assurance.ca/…/coproprietes-le-projet-de-l…/
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