Conversion of a rental building into a divided co-ownership property

A broker who is approached by a client for the purchase of a residential rental building must ask what use the client to make of it. It could be an investor who wants to convert the building into a co-ownership which he then plans to resell.

If that is the case, the buyer will have to comply with the various rules governing conversions set out in the Act respecting the Administrating Housing Tribunal. This tribunal has exclusive jurisdiction over residential leases.

The jurisdiction of the Administrative Housing Tribunal extends to residential repossessions and applications to convert a rental property into a divided co-ownership.

Any information should be provided by the broker as a guide only. The client will still need to contact the Administrative Housing Tribunal to ensure that the project meets the guidelines set out in the Act.