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A look back at the implementation of Facade Inspections
Bill 122 and Its Implications Following two incidents due to miscalculations in construction and poor building inspections which cost the lives of Montreal citizens, The Régie du bâtiment du Québec (RBQ) implemented Bill 122. According to the principles of the law,...
Have you started preparing for your mandatory Reserve Fund Study?
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...
Why choose Genispec to conduct a Reserve Fund Study required by Bill 16?
The reserve fund study, also known as a contingency fund, is a detailed report of all repairs required and planned within a given time period to keep your residence up to code. It must include the physical and functional integrity of all the elements of your building,...
The need for Bill 122 and facade inspections
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...
The hurdles of the condo industry and how a reserve fund study can help
Why require a reserve fund study for condos? Other than the fact that it is mandatory as per Bill 16, there are many other reasons that performing a reserve fund study is beneficial for condominium owners. The main purpose is to ensure that appropriate funds are...