In Quebec condominiums, a subtle yet troubling trend is gaining momentum: the politicization of the contingency fund. With Bill 16, the legislature’s intent was clear: to make this tool a mechanism for long-term planning, ensuring the sustainability of buildings without imposing financial shocks on co-owners. In practice, however, its implementation...
Elise Beauchesne, CPA, CA, Adm.A
Associée-fondatrice
514-935-6999
[email protected]
Learn about the rules for using the contingency fund in a condominium: eligible expenses, Law 16, and best practices for avoiding mistakes. In a condominium, the contingency fund is mandatory and essential for preserving the value and ensuring the longevity of the building. However, a misconception persists: “It can be...
Rédaction SolutionCondo,
[email protected]
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