Can the trustee impose a cash advance on the co-owners?
Verified 03 July 2026 - Public Service / (Prime Minister)
Yes, the trustee may require the co-owners to pay cash advances, in 3 cases :
- This payment is provided for in condominium rules. The objective is to build up a reserve of money to compensate for financial unforeseen events or an overrun of the budget of the condominium. This advance shall not exceed 1/6e of the amount of provisional budget (this corresponds to 2 months of budget). This advance is often called working capital.
- THEthe general assembly decided in advance to make up for a temporary lack of cash. This decision shall be taken by vote of co-owners by double majority of article 26.
- Advances corresponding to the timetable set out in multi-annual works plan.
The trustee requires the payment of cash advances through fund-raising. The amount claimed from each co-owner depends on the rantiems that he holds.
FYI
Advances paid are refundable to the co-owner who sells his or her batches.
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