B-1.1, r. 8 - Regulation respecting the guarantee plan for new residential buildings

Section 14 Disposition versions

2015-01-01

14. The guarantee of a plan for a multifamily building is limited to,

(1)  for partial payments, $50,000 per building;

(2)  for coverage for relocation, moving and storage of the beneficiary’s property, upon the presentation of vouchers and provided that no unjustified profit for the beneficiary results therefrom, $6,000 per building, as follows:

(a)  reimbursement of reasonable actual costs incurred for moving and storage;

(b)  reimbursement of reasonable actual costs incurred for relocation, including meals and accommodation, without exceeding, on a daily basis:

— for 1 person: $95;

— for 2 persons: $125;

— for 3 persons: $160;

— for 4 persons or more: $190;

(3)  for completion and repair of defects and poor workmanship, the lesser of

(a)  the amount entered in the contract of enterprise or contract of sale; or

(b)  an amount equal to $200,000 multiplied by the number of dwelling units contained in the building; and

(4)  for coverage for the obligation to supply water, both in quantity and quality, in the event that repairs are impossible, the amount of the damages suffered by the beneficiary, without ever exceeding the lesser of the 2 amounts mentioned in paragraph 3; coverage applies in the case of a contract of enterprise, provided that the obligation is included in the contract entered into between the beneficiary and the contractor.

O.C. 841-98, s. 14; O.C. 39-2006, s. 4; O.C. 156-2014, s. 7.

2012-09-01

14. The guarantee of a plan for a multifamily building is limited to,

(1)  for partial payments, $39,000 per building;

(2)  for coverage for relocation, moving and storage of the beneficiary’s property, upon the presentation of vouchers and provided that no unjustified profit for the beneficiary results therefrom, $5,500 per building, as follows:

(a)  reimbursement of reasonable actual costs incurred for moving and storage;

(b)  reimbursement of reasonable actual costs incurred for relocation, including meals and accommodation, without exceeding, on a daily basis:

— for 1 person: $85;

— for 2 persons: $110;

— for 3 persons: $140;

— for 4 persons or more: $170;

(3)  for completion and repair of defects and poor workmanship, the lesser of

(a)  the amount entered in the contract of enterprise or contract of sale; or

(b)  an amount equal to $130,000 multiplied by the number of dwelling units contained in the building, without ever exceeding $1,900,000; and

(4)  for coverage for the obligation to supply water, both in quantity and quality, in the event that repairs are impossible, the amount of the damages suffered by the beneficiary, without ever exceeding the lesser of the 2 amounts mentioned in paragraph 3; coverage applies in the case of a contract of enterprise, provided that the obligation is included in the contract entered into between the beneficiary and the contractor.

O.C. 841-98, s. 14; O.C. 39-2006, s. 4.