Implications of Bill 16 for condominiums - Planibatimat

June 25, 2025      Planibâtimat      57 times

Implications of Bill 16 for condominiums

Condominium Budgeting Process: Effective Governance and Financial Forecasting

Importance of budgeting in condominium management

In the world governed by co-ownership in Quebec, the constitution of the budget represents a crucial task for the syndicate. According to article 1072 of the Civil Code of Québec, the contribution of the co-owners to collective expenses is determined by the board of directors, after an exchange with the meeting of co-owners.

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