Today, the Members of the National Assembly (MNAs) have adopted Bill 16, An Act mainly to regulate building inspections and divided co-ownership, to replace the name and improve the rules of operation of the Régie du logement and to amend the Act respecting the Société d’habitation du Québec and various legislative provisions concerning municipal affairs. This legislation is an in depth reform of the laws governing divided co-ownership. Carried by Andrée Laforest, Minister of Municipal Affairs and Housing, this reform answers the different demands made by the many stakeholders in the field of co-ownership. The Regroupement des gestionnaires et copropriétaires du Québec (RGCQ) congratulates itself on having actively participated in the legislative work and for relaying the preoccupations of co-owners and businesses in this field.
The RGCQ requested this legislative update for quite some time. The last significant legal reform on this matter dates back to 1994. The RGCQ is very satisfied to witness that the government has made this case a priority and has delivered this reform one year after its coming into force.
Amongst the numerous novelties in this law, these elements stand out: the obligation to have obtained a contingency fund study and a maintenance log. This provide protection of buildings in co-ownership and the financial investments of co-owners. “Today, the government sends a strong message to insure the sustainability of buildings in co-ownership,” says Yves Joli-Coeur Ad. E., General Secretary of the RGCQ. “We can also commend the need for transparency that is at the core of this law, whether it be regarding the transmission of information during transactions or at the start of co-ownerships.”
Moreover, the RGCQ congratulates itself on the open-mindedness of Minister Laforest regarding the regulation of management practices in co-ownership. We insure the Minister and sous-ministre in charge of this case of our support and our collaboration in their reflection work.
In order for the law to have the success it rightfully deserves, it is important to inform the public of the changes it brings about. The government can count on the RGCQ it these efforts. A provincial information tour is in our plans for 2020. Two information sessions are also ready planned in the greater Montreal area, one ono March 8th and one on May 2nd.