ASEC – Co-Ownership Status Certificate (Version 1.1): An Updated Release

Since the coming into force of article 1068.1 of the Civil Code of Québec, the certificate on the status of the co-ownership has established itself as an essential tool in condominium real estate transactions. It provides buyers with a clear, complete, and verifiable picture of the building’s financial, insurance, technical, and legal situation — and this, before signing a promise to purchase.

In this context, the RGCQ is unveiling today version 1.1 of its official certificate template (see the link at the bottom of this article). This update incorporates several adjustments and clarifications designed to make it easier for syndicates to use and to strengthen compliance with legal requirements.

A tool that is redefining market practices

The certificate contributes to greater transparency by highlighting buildings where the contingency fund, governance, or document management present shortcomings. Conversely, well-managed co-ownerships can highlight their rigor and benefit from increased credibility — a concrete advantage for selling co-owners.

Increased support for syndicates

To accompany this updated model, the RGCQ is also making available to its members a comprehensive practical guide to completing the certificate. This guide, offered in both French and English, explains each section of the form in detail and clarifies the information that must be provided. Use it alongside the certificate to ensure that you complete it properly.

Please note: the official ASEC form must be completed in French, as required by law. For members who need to prepare or communicate information in English, a dedicated support tool, the Field-by-Field English Completion Reference for the Official ASEC Form, is also available on the Bill 16 page via the link below.

In addition to the tools that help you understand and complete the certificate, our dedicated Law 16 page includes documentation and information on the maintenance logbook and the contingency fund.

This updated version of the ASEC model is fully aligned with the RGCQ’s mission: strengthening governance, improving administrative rigor, and promoting transparency in the management of co-ownerships across Québec.

To access the updated certificate, the accompanying tools, and all relevant information on the province’s new co-ownership obligations, visit our page:

Everything You Need to Know About Bill 16.