This article first appeared in French in the Spring 2020 edition of the Copropriété Plus magazine.
Are you a real estate developer building condominiums? If so, this article may be of interest to you.
The legal provisions aimed at ending the real estate developer’s control over the syndicate of co-owners are designed to ensure the smooth handover of decision-making power from a building’s developer to its new owners. The developer’s management of the building, which is geared toward construction and sale, is to be replaced by the regular operation of a condominium under the control of its co-owners.