54.6. The owner must, before the first sale of each dwelling in the immovable, provide the prospective purchaser with an expert’s report and an information circular.
The expert’s report must contain
(1) an appraisal of the wear of the common parts of the immovable and of their conformity with structural solidity, sanitation and safety standards;
(2) an indication of major repairs likely to be needed within five years and an estimate of the cost thereof;
(3) the identification of mechanical systems shared by two or more dwellings;
(4) an indication of the soundproofing and insulation levels of the dwelling and of the immovable, if known;
(5) a general appraisal of the compliance of the building with safety and fire prevention standards.
The information circular must contain
(1) the name of the owner and of any person who prepared the principal documents pertaining to the carrying out and administration of the conversion project;
(2) a plan of the overall project;
(3) a statement of any existing rights of emphyteusis or superficies;
(4) information as to the management of the immovable, including a budget forecast and a statement of any leases granted by the owner on the exclusive or common parts.
The budget forecast must be prepared by a qualified person on the basis of a whole year of occupancy of the immovable. It must indicate, for each fraction, the annual expenses to be paid including, where such is the case, the contribution to the contingency fund. The budget forecast must be accompanied with the most recent balance sheet and statement of revenues and expenditures as well as a document containing the latest available information as to debts and claims.
A copy of the authorization of the Tribunal and a summary of the declaration of co-ownership or, if it is unavailable, a summary of the draft declaration, must be appended to the information circular.
1987, c. 77, s. 2; 2019, c. 282019, c. 28, s. 1581.