All the services needed to comply with the various laws governing co-ownership. Adopted on June 13th, 2018, Bill 141 is the result of a worrying observation: the inability of far too many co-ownerships in the province to cope with the costs associated with repairs or reconstruction in the event of a major disaster. It makes significant changes to the Civil Code of Québec by guaranteeing better insurance coverage for co-owned buildings. To be able to cover these unforeseen expenses, the co-ownership must have a self-insurance fund, financed from the common expenses paid by the co-owners. This fund must contain at least the equivalent of the highest deductible among the coverages subscribed to by the co-ownership association.

To avoid complications that may arise from the application of Bill 141. The primary objective of Bill 141 is to accurately estimate the cost of replacing or rebuilding real estate in the event of total or partial loss, such as from a fire or natural disaster. To achieve this, the certified appraiser must follow various steps every five years to ensure the insurance policy remains current and relevant:

With these documents in hand; plans and specifications of the building as constructed, the cadastral plan, the deed of easement, building report and any other inspection reports, our specialists begin their analysis of the condominium

During the site visit, the inspector conducts a detailed survey of all visible common areas of the building, as well as the reference units. It is based on this report that the appraiser will subsequently be able to determine the replacement cost of the property.

The report allows you to determine the amount of insurance coverage needed to replace or rebuild the property. It is based on the analysis of documents and the survey conducted by the building inspector.