{"id":558,"date":"2009-05-05T10:02:40","date_gmt":"2009-05-05T10:02:40","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/?p=558"},"modified":"2019-03-21T22:04:11","modified_gmt":"2019-03-21T22:04:11","slug":"why-not-turn-your-duplex-into-condos","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/why-not-turn-your-duplex-into-condos\/","title":{"rendered":"Why Not Turn Your Duplex into Condos"},"content":{"rendered":"<p>[et_pb_section bb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;3.0.47&#8243; custom_padding=&#8221;16px|0px|54px|0px|false|false&#8221;][et_pb_row admin_label=&#8221;row&#8221; custom_padding=&#8221;0|0px|27px|0px|false|false&#8221; _builder_version=&#8221;3.0.48&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;3.19.18&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;]<\/p>\n<h4><strong>What is an undivided co-ownership?<\/strong><\/h4>\n<p>According to the Civil Code of Qu\u00e9bec, undivided co-ownership is ownership of the same property, jointly and at the same time<!--more-->, by several persons or companies called \u201cundivided co-owners\u201d, each of whom is privately vested with a share of the right of ownership that is not accompanied with a physical division of the property (section 1010 C.C.Q.).<\/p>\n<h4><strong>How does property become an undivided condominium?<\/strong><\/h4>\n<p>No specific formality is required. A condominium is undivided once a building becomes commonly owned. It can also result from a judgment, a succession (section 1012 C.C.Q.) or a contract (hereafter \u201cAgreement\u201d). In this case, the document must be\u00a0<span style=\"font-size: 14px;\">published if it is to be set up against third persons (section 1014 C.C.Q.), although it is valid between undivided co-owners in spite of the absence of this formality. The shares of undivided co-owners are presumed equal, unless the Agreement states otherwise (section 1015 C.C.Q.).<\/span><\/p>\n<p>\u00a0<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; custom_padding=&#8221;0|0px|43px|0px|false|false&#8221; _builder_version=&#8221;3.3.1&#8243;][et_pb_column type=&#8221;1_2&#8243;][et_pb_image src=&#8221;https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2018\/09\/Jennifer-Lynn-Walker-Image.png&#8221; _builder_version=&#8221;3.17&#8243; max_width=&#8221;66%&#8221; custom_margin=&#8221;15px||&#8221;]<\/p>\n<p>[\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243;][et_pb_text _builder_version=&#8221;3.8&#8243; text_font=&#8221;||||||||&#8221; text_text_color=&#8221;#000000&#8243; header_font=&#8221;|600|||||||&#8221; header_text_color=&#8221;#000000&#8243; header_font_size=&#8221;25px&#8221; header_4_font=&#8221;Alegreya||on||||||&#8221; header_4_text_color=&#8221;#aaaaaa&#8221; header_4_font_size=&#8221;25px&#8221; header_5_font=&#8221;||||||||&#8221; header_5_text_color=&#8221;#e02b20&#8243; header_6_font=&#8221;||||||||&#8221; header_6_text_color=&#8221;#e02b20&#8243; custom_margin=&#8221;45px|||&#8221; animation_style=&#8221;slide&#8221; animation_delay=&#8221;400ms&#8221; animation_starting_opacity=&#8221;100%&#8221;]<\/p>\n<h1>MEET JENN<\/h1>\n<h4>Real Estate Broker &amp; Educator<\/h4>\n<p style=\"text-align: left;\"><em>Jennifer Lynn Walker has specialized in buying and selling both residential and multiplex properties since 2003. She&#8217;s built a strong network of specialist, to give her clients a seamless experience throughout the real estate journey. Founder of\u00a0Montreal Real Estate Investor\u2019s Group, and Jolly Green Homes.\u00a0\u00a0<\/em><strong><a href=\"https:\/\/www.montreal-realestate.ca\/english\/meet-jenn\">How can I help you today?<\/a><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;3.17&#8243;][et_pb_column type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;3.19.18&#8243;]<\/p>\n<h4><strong>Can an undivided co-owner request the partition of a property?<\/strong><\/h4>\n<p> Undivided co-owners may state, in the Agreement their right to request partition of a property. Such postponement may not exceed 30 years, but it is renewable at the end of the term (section 1013 C.C.Q.). If such terms are not in place, each co-owner may request a partition of the property at any given time (section 1030 C.C.Q.).<\/p>\n<h4><strong>Who manages the building?<\/strong><\/h4>\n<p> Unless otherwise indicated in the Agreement, all undivided co-owners of property manage it jointly (section 1025 C.C.Q.). Administrative decisions are made by a majority in number and shares of the undivided co-owners (section 1026 C.C.Q.). For example, if three co-owners respectively own 10%, 30% and 60% of the building, any decision must be accepted by at least two undivided co-owners, including the one holding 60% of the building.<\/p>\n<p>However, certain decisions require unanimous approval, such as those relating to alienation, partition of the undivided property, the act of charging it with a real right, changes in destination or substantial alterations to it.<\/p>\n<p>Finally, undivided co-owners are liable proportionately to their shares for the costs of administration and the other common charges related to the undivided property (section 1019 C.C.Q.).<\/p>\n<h4><strong>What are the rights and obligations of undivided co-owners?<\/strong><\/h4>\n<p>All undivided co-owners have the same rights and obligations as an exclusive owner, in proportion to the share of building they own, unless otherwise indicated in the Agreement. Undivided co-owners can therefore sell, give or even mortgage their share. This share can also be repossessed. However, a mortgage granted to only one undivided co-owner on his or her share cannot apply to the whole building. Therefore, when one<br \/> undivided co-owner mortgages his or her share, the other undivided co-owners do not become mortgage debtors.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is an undivided co-ownership?According to the Civil Code of Qu\u00e9bec, undivided co-ownership is ownership of the same property, jointly and at the same time, by several persons or companies called \u201cundivided co-owners\u201d, each of whom is privately vested with a share of the right of ownership that is not accompanied with a physical division [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<strong>What is an undivided co-ownership?<\/strong>\r\nAccording to the Civil Code of Qu\u00e9bec, undivided co-ownership is ownership of the same property, jointly and at the same time<!--more-->, by several persons or companies called \u201cundivided co-owners\u201d, each of whom is privately vested with a share of the right of ownership that is not accompanied with a physical division of the property (section 1010 C.C.Q.).\r\n\r\n<strong>How does property become an undivided condominium?<\/strong>\r\nNo specific formality is required. A condominium is undivided once a building becomes commonly owned. It can also result from a judgment, a succession (section 1012 C.C.Q.) or a contract (hereafter \u201cAgreement\u201d). In this case, the document must be\r\n\r\npublished if it is to be set up against third persons (section 1014 C.C.Q.), although it is valid between undivided co-owners in spite of the absence of this formality. The shares of undivided co-owners are presumed equal, unless the <a href=\"https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2009\/05\/pic-for-may-5.jpg\"><img class=\"alignright size-full wp-image-559\" title=\"pic-for-may-5\" src=\"https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2009\/05\/pic-for-may-5.jpg\" alt=\"pic-for-may-5\" width=\"300\" height=\"225\" \/><\/a>Agreement states otherwise (section 1015 C.C.Q.).\r\n\r\n<strong>Can an undivided co-owner request the partition of a property?<\/strong>\r\nUndivided co-owners may state, in the Agreement their right to request partition of a property. Such postponement may not exceed 30 years, but it is renewable at the end of the term (section 1013 C.C.Q.). If such terms are not in place, each co-owner may request a partition of the property at any given time (section 1030 C.C.Q.).\r\n\r\n<strong>Who manages the building?<\/strong>\r\nUnless otherwise indicated in the Agreement, all undivided co-owners of property manage it jointly (section 1025 C.C.Q.). Administrative decisions are made by a majority in number and shares of the undivided co-owners (section 1026 C.C.Q.). For example, if three co-owners respectively own 10%, 30% and 60% of the building, any decision must be accepted by at least two undivided co-owners, including the one holding 60% of the building.\r\n\r\nHowever, certain decisions require unanimous approval, such as those relating to alienation, partition of the undivided property, the act of charging it with a real right, changes in destination or substantial alterations to it.\r\n\r\nFinally, undivided co-owners are liable proportionately to their shares for the costs of administration and the other common charges related to the undivided property (section 1019 C.C.Q.).\r\n\r\n<strong>What are the rights and obligations of undivided co-owners?<\/strong>All undivided co-owners have the same rights and obligations as an exclusive owner, in proportion to the share of building they own, unless otherwise indicated in the Agreement. Undivided co-owners can therefore sell, give or even mortgage their share. This share can also be repossessed. However, a mortgage granted to only one undivided co-owner on his or her share cannot apply to the whole building. Therefore, when one\r\nundivided co-owner mortgages his or her share, the other undivided co-owners do not become mortgage debtors. \r\n\r\n<!-- BEGIN: Constant Contact HTML for Send Page to Friend -->\r\n<a href=\"http:\/\/ui.constantcontact.com\/sa\/fp.jsp?plat=i&p=f&m=jix8ysbab\"><u>Send Page To a Friend<\/u><\/a>\r\n<!-- END: Constant Contact HTML for Send Page to Friend -->\r\n\r\nI added this article because I love real estate and educating people on the matter. If you would you like me to work for you, call me <a href=\"tel:514-402-8444\">514-402-8444<\/a> or <a href=\"mailto:jenn@montreal-realestate.ca\"><u>EMAIL ME<\/u><\/a>!\r\n\r\nTo search properties go here <a href=\"http:\/\/www.montreal-properties.com\"> www.Montreal-Properties.com <\/a>","_et_gb_content_width":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[41,6,40],"tags":[],"class_list":["post-558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-condo","category-real-estate-investing","category-selling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Best Site For Learning About Montreal Real Estate Investing Techniques<\/title>\n<meta name=\"description\" content=\"What are the rights and obligations of undivided co-owners? How does property become an undivided condominium? Read more about Montreal condos.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.montreal-realestate.ca\/english\/why-not-turn-your-duplex-into-condos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Site For Learning About Montreal Real Estate Investing Techniques\" \/>\n<meta property=\"og:description\" content=\"What are the rights and obligations of undivided co-owners? How does property become an undivided condominium? 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