An owner of a condo can choose to rent it to a tenant and the two of them will sign a lease for this purpose. In doing this, the co-owner is using his property by renting it to another person to generate rental income.
One of our duties as the landlord of a dwelling is to guarantee that the other tenants in the building have peaceful enjoyment of the dwelling they have rented.
Henceforth, according to a regulation voted by the town council, buildings with residences will have to be empty during 10 years before being able to be converted into condominiums.
On December 2, 2010, Bill No.122, titled the Act amending the Loi sur le bâtiment, relating to the modernization of building safety requirements was sanctioned by the National Assembly. According to the Government, ...
“Indeed, according to the calculation form emitted each year by the Rental Board, every owner must make the real calculation and this calculation includes the difference between the amount of the taxes of the previous year and the one of the current year.