A co-ownership inspection is the assessment of the condition of visible and accessible systems and components of a co-ownership.
This inspection aims to identify any major defects which may reduce the use, enjoyment or value of a co-ownership, or present a risk to the safety of the occupants. It also aims to note the condition of the property’s elements at the time of the inspection. We observe and comment on the state of all systems and components in order to inform you.
If you purchase a property held in divided co-ownership, you will be buying a private portion (e.g. your apartment, your private parking space), as well as a percentage of the building’s common portions (e.g. hallways, elevator, pool, etc.). You will be the sole owner of your private portion and you will share ownership of the common portions with the other co-owners.
Another feature of divided co-ownership is the presence of a syndicate of co-owners whose task is to manage the building.
By contrast, if you purchase an undivided co-ownership, you will be buying a percentage of the whole building; the building is owned jointly by several owners.
In an undivided co-ownership, there is no syndicate of co-owners. An indivision agreement is used to administer the rights of all owners and establish the rights of exclusive use assigned to each of them (e.g. your apartment, your private parking space). An indivision agreement is optional, but usually recommended. It specifies how the co-ownership property works and is managed.
Regarding the inspection of co-ownerships:
The inspection of a divided co-ownership consists exclusively in inspecting the systems and components installed horizontally, at the surface of the interior finish of the walls and vertically, from the surface of the ceiling finish to the surface of the floor finish.
The inspection of a divided co-ownership may include the inspection of systems and components belonging to the common parts of the building under the supervision of the syndicate of the co-ownership. If necessary, written authorization must be provided by the co-ownership syndicate.
The inspection of an undivided co-ownership consists in inspecting the systems and components installed inside and outside the building outlined in the inspection service agreement.