5555 Westminster, Suite #314
Montréal, Quebec, H4W 2J2

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 on December 5, 2019, aimed at preserving condominiums for the long term. Under this new law, a reserve fund study is required every five years by condominiums in Quebec. So if you are a co-owner, this information regarding the reserve fund study is for you.

What is a reserve fund study?

The reserve fund study (also known as an asset management plan) consists of preparing a detailed report of all the repairs required or planned for the maintenance of the condominium. This includes the physical and functional integrity of the building components and common areas. The annual contribution of the co-owners for these repairs must be established with the reserve fund study.

What are considered common areas?

In the reserve fund study or asset management plan the common areas consist of:

  • The infrastructure 
  • Balconies and terraces 
  • Exterior cladding 
  • Roofs
  • Doors and windows
  • Structures
  • Exterior fittings
  • Vertical mechanical transport
  • Services
  • Equipment and furnishings
  • Special constructions
  • Land

What does Genispec offer in their reserve fund study? 

  • Visual inspection of the building and common areas
  • Estimate of the costs associated with correcting observed deficiencies and evaluation of required maintenance work with applicable deadlines
  • Inspection of systems with estimates of replacement costs and life expectancies
  • Analysis of the status of the contingency fund
  • Recommendations for establishing a building maintenance program
  • Proposed contribution scenarios

Need a reserve fund study? Call on Genispec!

Based in Montreal, Genispec offers high quality building engineering inspection and consulting services as well as project management. Our engineers, members of the Ordre des ingénieurs du Québec, specialize in the inspection of several types of buildings, including condominiums, commercial buildings and industrial buildings.

Our engineers are equipped to answer your questions and help you inspect your buildings or create your asset management plan. We offer our services in the Montreal metropolitan community, including Hampstead, Saint-Laurent, Mont Royal, Laval, Longueuil, Brossard, West Island, Kirkland, and more. Contact us for any questions you have in mind or if you would like to know more about our wide range of inspection services. To learn more about Bill 16 click here.

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