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Understanding the Impact of Quebec’s Bill 16: Changes in Building Inspections and Divided Co-ownership
Bill 16 was adopted on December 11, 2019, and proposes various measures to regulate building inspections and co-ownership in Quebec. Here is an overview of some of the changes you need to be aware of.What are the changes introduced by Bill 16? Thanks to Bill 16, new...
The importance of a reserve fund study
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...
Condominium Reserve Fund Study: Understanding their Importance and Legal Obligations
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...
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...
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...
Facade inspection by Genispec
What is Law 122? Law 122 was put into place by RBQ in 2013 to ensure the facades of residential buildings and commercial buildings of 5 storeys and more are safe for tenants and passersby. With law 122, the facade (or exterior) of the building must be inspected upon...
What is a reserve fund study?
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...
The Building Maintenance Handbook and Law 16
It’s 2022, have you created Quebec’s mandatory asset management plan? In January 2020, Bill 16 was adopted to regulate building inspection and co-ownerships in Quebec with the hopes of creating more transparency between board directors, condo developers...
Commercial and Industrial Building Inspection
Commercial and Industrial Building Inspection, Why Is it Important? As the owner of a commercial and industrial building, the safety of the people who use your building is surely your priority. According to the Régie du bâtiment du Québec (RBQ), it is, in...