by genispec | May 22, 2023 | News
The reserve fund study, also known as an asset management plan, has become essential for condominium associations since the implementation of Bill 16 in January 2020. This study involves detailed assessments of a building’s condition and the estimation of costs...
by genispec | Apr 24, 2023 | News
At Genispec, we know how important it is to keep your building in top shape, which is why we want to talk to you about reserve fund studies. First things first: did you know that having a reserve fund or contingency fund is a legal obligation for condo buildings in...
by genispec | Mar 6, 2023 | News
Bill 16 was created to preserve the integrity of condominiums in the long term and protect condo owners. In 2023, the provision regarding the execution of reserve fund studies is expected to be put into effect. This means that from the date of implementation of this...
by genispec | Nov 10, 2022 | News
What is Bill 122 and why was it created? The RBQ created Bill 122 to ensure owners have their multi level parkings and building facades inspected at least every five years by a member of the Ordre des Ingénieurs du Québec. The purpose of the inspection being to...
by genispec | Mar 22, 2022 | News
Have you heard of Bill 16 for condominiums in Quebec? The concept of condominiums in Quebec has existed for 52 years. The first legislative bill that governed collective housing was drafted in 1969. Since then, there have been no changes until the adoption of Bill 16...
