Kevin Lecerf

Condominiums in financial difficulty Kevin Lecerf

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.