The Content Of The Article:

Every new year sees a lot of changes, and real estate is not left out. Some measures relating to the ALUR law for access to housing and renovated town planning have already entered into force in 2014, but others are expected in 2015. What about condominiums? What to expect from this law? Here are the novelties.

Co-ownership: what changes and what's new in 2015

Co-ownership: what changes and what's new in 2015

Co-ownerships: 2015 news schedule

March 24, 2014 was voted the ALUR law. In particular, it tackles what was previously perceived as dysfunctions to better support homeowners and tenants and thus better protect them. Condominiums are also concerned; three flagship measures are planned for 2015. Here is the timetable:

Since January 1stDuring general meetings, professional trustees have the obligation to propose setting up a secure extranet for the use of all the co-owners. They will then be able to consult on line the documents related to the management of their building as well as the convocations or minutes of general meetings.
During the 1st trimester A standard contract is developed to allow greater transparency. The competition between the trustees is thus facilitated as is the dialogue between the two parties.
From the 26th of MarchEach condominium of more than 15 lots must henceforth benefit a separate bank account. If the choice of the bank belongs to the trustee, this novelty must not cause additional costs for the co-owners.

What impact for co-owners in 2015?

30% of dwellings in France are concerned by the co-ownership. The objective of these changes is twofold: better supervision of the syndics of co-ownership for more transparency given to the co-owners.
But the passing of a law does not necessarily imply its entry into force, whether total or partial. Indeed, many articles of the ALUR law are still waiting for an application decree and some points require lighting.
This is the case of the Extranet. Nothing says if each co-owner should or not benefit from a personal space, nor what should be its contents.
Similarly, if the establishment of a dedicated account for each condominium of more than 15 lots must not generate additional costs, some residents fear of an increase in trustee fees who will then no longer be able to finance themselves by placing funds on one and the same account.
Each case being specific, do not hesitate to contact your union council or an association of co-owners.

To discover:

  • What is a condominium trustee?
  • Administrative management of a condominium
  • Financial management of a condominium

Video Instruction: Camaro Ownership Changes Life Path