Contingency Fund
The result arising from our contingency fund study services is a document that serves as a management plan for condominium syndicate administrators. This document helps simplify the planning for replacing the components of the building while establishing a fund contribution strategy.
Objectives and advantages of the contingency fund study
- Raising sufficient funds to meet the likely expenses at the time of replacing the components.
- Regularizing the contributions to the contingency fund.
- Avoiding reliance on special contributions.
- Facilitating the preparation of the annual operating budget.
- Allowing syndicates to simplify the planning for replacing the components.
- Allowing condo boards to justify and explain the investments required for the contingency fund to the co-owners.
- Helping to preserve the market value of condominiums.
- Reassuring future buyers that they will not be facing high special contributions.
- Implementing an equity principle between current and future co-owners.
- Avoiding potential conflicts between co-owners.
As a corporate member of the RGCQ, GDA Québec is proud to hold the title of Certified Company – Contingency Fund. Its team consists of analysts and appraisal technicians with over a dozen years of experience in contingency fund studies.
Our other services
We will support you in the dispute and pre-filing negotiation process to ensure that you are paying your taxes on a fair basis.
Avoid cost overruns. This service allows the lender and the borrower to benefit from rigorous monitoring of the progress of the costs for buildings under construction or undergoing major renovations.
Make sure that your building has sufficient insurance coverage to avoid finding yourself with a shortfall in the event of a major claim.
We handle several types of property assets (multi-tenant, commercial, industrial, land, institutional) for the purposes of mortgage financing, purchase, sale, liquidation, estate division, internal management, etc.
For reasons of public interest, the State can force an owner to transfer their property to it. Our team’s role consists of determining the indemnity—that is, the value of the expropriated property and the compensation for the damage resulting from the expropriation.
Thanks to our privileged relationships with a large number of real estate stakeholders, we can help you position your real estate project on the market.
At GDA, our team of recognized expert witnesses and qualified professionals
excels in guiding and advising clients through the complexities of real estate
litigation. We bring clarity and strategic insight to every case.
