Co-ownership transactions: Are you well-protected?

Every real estate transaction is unique. While it may be tempting to turn to a co-ownership property to make your daily life easier, the fact remains that co-ownership transactions are often more complex. That’s why it’s reassuring to know that the Real Estate Brokerage Act protects you during your transaction, and subjects authorized professionals assisting you to a strict code of ethics.

If you have any questions about your transaction, Info OACIQ agents will be glad to answer them.

To help you see your way clear, here is a non-exhaustive list of articles on the specifics to take into account when buying or selling this type of property.
 

Sale of an undivided co-ownership property: Attention to the right of the other co-owners
oaciq.com
You want to sell or buy a share of an immovable held in undivided co-ownership? Did you know that the other co-owners have precedence over a potential buyer?

 

Gross or net area: How to find your way through
oaciq.com
You notice differences between the area of your condominium in the promotional document and the one indicated in the description sheet or the cadastral plan? These discrepancies can be explained. Here’s how:

 

Many implications involved with co-owned properties
montrealgazette.com
If you’re interested in co-ownership, it’s important to know what it involves before making your purchase.

 

Last updated on: November 03, 2016
Classified in: Communication
Article number: 202775