Article 1072 tasks the board of directors, after consulting the meeting of co-owners, with fixing each year the co-owners' contribution to the common expenses, including the sums to be paid to the contingency fund and the self-insurance fund. The syndicate notifies each co-owner of the amount of their contribution and its due date.
Often misunderstood: it is the board that adopts the budget and sets the contributions, not the meeting. The meeting is consulted on the budget forecast, but it does not vote on the budget, unless the declaration requires it.
The notice to each co-owner is an obligation, not a courtesy. It states the amount of the contribution and its due date.
CondoAide computes each co-owner's contribution from the relative value and the applicable PCURs, then produces the corresponding contribution notices.
Manage your co-ownership with confidence
CondoAide helps self-managed Quebec syndicates keep their register, finances and meetings aligned with the Civil Code.