Search results for: "co-ownership"
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Sale of an undivided co-ownership property: Attention to the right of the other co-owners
Sale of an undivided co-ownership property: Attention to the right of the other co-owners
You want to sell or buy a share of an immovable...held in undivided co-ownership?...
The indivision agreement
The indivision agreement specifies the mode of operation and management of the co-ownership
The DS – Divided co-ownership form
The Declarations by the seller of the immovable – Divided co-ownership form
The mandatory form Declarations by the seller of the immovable – Divided co-ownership... must be used for a transaction involving the sale, by a natural person, of a divided co-ownership property.
What you need to know before buying a co-ownership property
What you need to know before buying a co-ownership property
Co-ownership has many appeals, including affordable cost and reduced maintenance...of co-ownership, which defines the rules of common living and administration for the building?...The declaration of co-ownership contains three parts:
The constituting act of co-ownership (which sets out the division of powers between
Divided or undivided co-ownership: Do you know the difference?
Divided or undivided co-ownership: Do you know the difference?
Martyne would like to purchase her first co-ownership property....it held in divided or undivided co-ownership?...
In an undivided co-ownership, there is no syndicate of co-owners.
Bill 16: The OACIQ supports the efforts to regulate building inspection and divided co-ownership
These obligations concern both the new constructions and existing co-ownership properties....
The sound co-ownership property management is crucial....The competence of co-ownership property managers is a key driver in achieving this sector’s goals.
Co-ownership: Gross or net area: How to find your way through
Co-ownership
Gross or net area: How to find your way through
You notice differences between the area of your condominium in
Bill 16: The OACIQ proposes to oversee co-ownership and set out guidelines for building inspection
PRESS RELEASE
FOR IMMEDIATE DISTRIBUTION
Bill 16: The OACIQ proposes to oversee co-ownership and set out...Therefore, the Organization would accept with honour and humility the responsibility for overseeing co-ownership property managers and certifying building...of co-ownership property managers, which is not currently the case.
Study of Bill 16: The OACIQ is excited about the government's openness to oversee co-ownership property managers
right;">PRESS RELEASE
FOR IMMEDIATE DISTRIBUTION
Study of Bill 16: The OACIQ is excited about the government's openness to oversee co-ownership...
As mentioned during a parliamentary committee last May, the OACIQ reiterates again the need to supervise co-ownership property managers...supervision of co-ownership property managers.
The OACIQ puts its expertise behind Bill 401 regulating divided co-ownership and building inspection
style="text-align: right;">PRESS RELEASE
FOR IMMEDIATE RELEASE
The OACIQ puts its expertise behind Bill 401 regulating divided co-ownership...The Organization also developed the form Declarations by the seller of the immovable – Divided co-ownership in order to further protect buyers...The OACIQ also takes an active part in the activities of a working group on co-ownership, and has been proactively accrediting various associations of
Press Release - A new tool for an optimal real estate transaction
“A real estate transaction can be complex and buying or selling a co-ownership property has plenty of specifics....
The OACIQ has been contributing for many years to various initiatives related to the tightening of co-ownership supervision....consommateur whose aim is also to ensure a better supervision of the co-ownership field.
Promise to purchase and financing of an immovable
(PP)
Promise to purchase – Divided co-ownership – Fraction of a chiefly residential immovable held in divided co-ownership (PPD...)
Promise to purchase – Undivided co-ownership – Share of a chiefly residential immovable held in undivided co-ownership (PPU) ...held in undivided co-ownership.
A report card on a property
DS form (for residential immovable or divided co-ownership) is mandatory for the sale of a chiefly residential immovable containing less than 5 dwellings by a natural person..., including an immovable held in divided or undivided co-ownership.
The legal warranty of ownership and quality
declarations-seller.pdf" target="_blank">Declarations by the Seller of the immovable form (or Declarations by the Seller of the immovable – Divided co-ownership form, if applicable) disclosing any factor that could affect the...">Declarations by the Seller of the immovable – Divided co-ownership form, if applicable).
Airbnb-type short-term tourist rental restrictions
Renting out co-ownership units
The lessor of a residence located in a building held in divided co-ownership must provide a copy...of the declaration of co-ownership allowing the use of the residence for tourist accommodation purposes or, if not, the authorization of the syndicate...For undivided co-ownership, a copy of the indivision agreement or the authorization of all co-owners is required.
How to use the mandatory form Declarations by the seller of the immovable
involving the sale, by a natural person, of a chiefly residential immovable containing less than 5 dwellings, including immovables held in undivided co-ownership... For any transaction involving a divided co-ownership, brokers must now use the Declaration by the seller of the immovable – Divided co-ownership...">The Declarations by the seller of the immovable – Divided co-ownership form
Cannabis: What you need to know
Co-ownership by-laws
In order to properly inform his client, the broker must review the syndicate of co-owners...the form Declarations by the seller of the immovable or the form Declarations by the seller of the immovable – Divided co-ownership... in the case of a divided co-ownership property, and add any relevant details, as this is a factor that could have an impact on the buyer
Press Release - First Election Debate on Housing
Condominium Reform
The current government introduced measures in June to reform the co-ownership sector to ensure, in part, better...
“Access to justice when it comes to co-ownership is also compromised.In fact, it is virtually impossible to enforce the declaration of co-ownership...Their willingness to find concrete solutions to improve co-ownership dispute resolution is welcomed,” affirmed Laurent Emery, RGCQ General Manager.
Broker’s duty to disclose: An added protection
The Declarations by the seller of the immovable form (or its version for divided co-ownership) is mandatory....A buyer wishes to make a Promise to purchase on one of the apartments held in co-ownership in that immovable....Once informed, his broker must inform him that, according to newspapers, some co-owners are part of organized crime.
What’s an exclusive brokerage contract?
When selling, buying or leasing a residential immovable containing less than five dwellings or a co-ownership property, the exclusive brokerage...(In this regard, read the article Co-ownership transactions: Are you well-protected?
Ten actions taken by the OACIQ for public trust
real-estate-brokerage-forms">forms to better inform the parties involved, such as the introduction of a new Declarations by the seller of the immovable – Divided co-ownership...Regulators of Canada (RERC), an organization that brings together all Canadian regulators in the area of real estate brokerage, building inspection, and co-ownership
Amendment to the Real Estate Brokerage Act regarding double representation in residential real estate brokerage
co-ownership – Fraction of a chiefly residential immovable held in divided co-ownership
Promise to purchase – Divided co-ownership...co-ownership
Undivided co-ownership:
Exclusive brokerage contract – Undivided co-ownership...co-ownership – Share of a chiefly residential immovable held in undivided co-ownership
Replacing
Existing inspection report: What is the proper procedure for the real estate broker?
For the sale of a residential immovable containing less than five dwellings including undivided co-ownership, any unfavourable factors must...For any transaction involving a divided co-ownership, brokers must now use the Declarations by the seller of the immovable – Divided co-ownership... form for a transaction involving a divided co-ownership.
Share purchase for exclusive use of a dwelling
was developed by real estate developers particularly to get around the restrictions associated with the conversion of rental properties into divided co-ownership...Holding shares with a right of use of an apartment can, in practice, present similarities with divided co-ownership (use of an apartment, agreement and...However, acquiring these shares should not be confused with purchasing an apartment held in co-ownership, and it is important for a buyer to understand
The Brokerage contract – Sale
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Non-exclusive brokerage contract – Sale – Chiefly residential immovable containing less than 5 dwellings excluding co-ownership...– Fraction of a chiefly residential immovable held in divided co-ownership; or
The OACIQ takes action to increase real estate literacy
Next March, the OACIQ will launch a guide on the acquisition of co-ownership properties in collaboration with the RGCQ (Regroupement des gestionnaires...Regulators of Canada (RERC), an organization that brings together all Canadian regulators in the area of real estate brokerage, building inspection, and co-ownership
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