What Condo Owners Need to Know About Loi 16

What Condo Owners Need to Know About Loi 16: How the New Law Shapes Montréal Real Estate

The Montréal real estate landscape is constantly evolving, and Loi 16 is one of the most important updates for condo owners and buyers. Understanding this new law will help you make smarter, more secure decisions when buying, selling, or managing a condominium.

Let’s explore how Loi 16 impacts condo ownership and what it means for you.

What’s Changing Under the New Condo Law

Loi 16 introduces key reforms designed to make condominium management more transparent, organized, and financially stable. These changes aim to protect owners and preserve property value over time.

Here’s what’s new:

• Reserve Fund Studies: Condo syndicates must now complete a reserve fund study every five years. This anticipates future maintenance costs and helps avoid unexpected financial surprises.
• Maintenance Registers: Each syndicate must maintain a detailed maintenance log, tracking all repairs and updates ensuring proactive, not reactive, property management.

Why Loi 16 Matters for Condo Owners and Buyers

For buyers and investors, Loi 16 provides stronger financial protection by reducing risks linked to poor building management.

It encourages proper long-term planning, minimizes the chance of surprise costs, and promotes sustainability giving you more confidence in your investment.

Équipe FK: Guiding You Home with Confidence

Navigating Montréal’s real estate market can feel overwhelming, but that’s where Équipe FK comes in.

We understand the ins and outs of Loi 16 and are here to guide you through every step of buying, selling, or managing your condo.

Why work with us:

• Expert Knowledge: We stay ahead of legal and market changes to help you make informed decisions.
• Client-First Approach: We tailor our services to your goals, whether it’s finding your dream home or ensuring your property is compliant and well-managed.

The Future of Condo Living Starts Now

With the right guidance, buying or managing a condo under Loi 16 can be a secure and rewarding experience.

Stay informed, stay compliant, and partner with professionals who have your best interests at heart.

Équipe FK — The Key to Guiding You Home.

This article is intended for informational purposes only and should not be considered legal advice. Regulations may evolve, and each property situation is unique. For personalized guidance or legal interpretation of Loi 16, please consult a qualified professional.