Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Condominiums in financial difficulty

Condominiums in financial difficulty

Lecerf, Kévin

Paperback

General Science

ISBN10: 6203673447
ISBN13: 9786203673449
Publisher: Our Knowledge Pub
Published: May 12 2021
Pages: 84
Weight: 0.30
Height: 0.20 Width: 6.00 Depth: 9.00
Language: English
In order to reduce the large number of condominiums in financial difficulty, many measures have been introduced since the 1990s to prevent these situations. Initially based on the possibility of avoiding the causes of the arrival of financial difficulties, other recent measures aimed at identifying and then supporting co-ownerships showing signs of fragility have emerged. These are effective but require the involvement of the syndic and the syndicate in their co-ownership. In parallel to the prevention measures, the need for more severe measures has led the legislator to set up a framework consisting of providing support to defaulting co-owners according to their level of difficulty. These recovery measures are effective but must be used quickly to avoid reaching a stage of no return.

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