New Rules for Divided Co-ownership

​A regulation establishing various rules for divided co-ownership was published in the Gazette officielle du Québec on July 30, 2025. This text specifies several obligations relating to the management and maintenance of co-owned buildings, as well as measures to protect purchasers.

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Maintenance Log

Each syndicate will be required to maintain a logbook listing the condition of the common portions, the materials, equipment and installations they comprise, as well as the work carried out and the work planned over a minimum 25-year period. This logbook must be updated annually and reviewed periodically by a qualified professional.

 

Contingency Fund

A contingency fund study must be carried out at least every five years. It will be based on the maintenance logbook to estimate upcoming major repairs and replacements, determine their costs, and recommend the amounts to be set aside.

 

Syndicate Certificate

In the event of the sale of a fraction, the syndicate must provide the purchaser with a certificate detailing, among other things, the status of the contingency fund, budgets, insurance, work completed or planned, and any ongoing litigation.

 

Deposit Protection

Deposits made for the purchase of a new unit must be placed in a trust account held by an authorized professional and remain protected until the unit is delivered.

 

These measures aim to strengthen transparency, long-term planning, and financial security in co-ownership.