RCCAQ - Condo committee: initial meeting

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Condo committee: initial meeting

posted on June 2, 2015

Immeuble-et-son-parapluie-bleu.jpgThe RCCAQ has set up a condominium committee made up of concerned stakeholders.

This group of brokers, insurers, condo managers and a legal specialist met for the first time on May 8.

The meeting provided an opportunity to address certain points aimed at reforming the regulatory framework.

These included establishing mandatory five-year evaluations, introducing the "reasonable deductible" concept and establishing mandatory condo and D&O insurance for condo associations.

Also on the agenda were condo associations in difficulty and subrogation.