Article 2724 lists the only claims that may give rise to a legal hypothec. The claim of a syndicate of co-owners for payment of the common expenses is one of them, giving the syndicate a security on the fraction of a defaulting co-owner.
This legal hypothec is a significant collection lever: it charges the fraction of a co-owner who has been in default of paying their share of the common expenses for more than 30 days (art. 2729 CCQ).
It is acquired only upon registration of a notice in the land register stating the nature of the claim and the amounts. Registration is a legal proceeding: a notary or lawyer should be consulted.
CondoAide tracks contributions and late payments, helping the board spot early the files that may warrant a recourse.
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