2. This Regulation applies to guarantee plans guaranteeing the performance of the contractor’s legal and contractual obligations provided for in Chapter II and resulting from a contract entered into with a beneficiary for the sale or construction of(1) the following new buildings intended mainly for residential purposes and not held in divided co-ownership by the beneficiary of the guarantee:(a) a detached, semi-detached or row-type single-family dwelling;
(b) a multifamily building, from a duplex to a quintuplex;
(c) (subparagraph revoked);
(2) the following new buildings intended mainly for residential purposes and held in divided co-ownership by the beneficiary of the guarantee:(a) a detached, semi-detached or row-type single-family dwelling;
(b) a multifamily building comprising no more than 4 private portions stacked one above the other without taking into account, in calculating those 4 portions, the private spaces used for parking or storage;
(c) (subparagraph revoked);
(3) the buildings specified in subparagraphs 1 or 2 and acquired by the contractor from a syndic, municipality or mortgage lender.
Despite the foregoing, this Regulation does not apply where the contractor’s client is a non-profit organization, a housing cooperative or bureau constituted under the Act respecting the Société d’habitation du Québec (chapter S-8) and the client receives for the purchase or construction of a new building financial assistance under a housing program implemented by the Société d’habitation du Québec under its constituting act.
The intended use of a building is established on the date of conclusion of the contract and is presumed valid for the term of the guarantee. The guarantee applies to the entire building.
O.C. 841-98, s. 2; O.C. 920-2001, s. 1; O.C. 156-2014, s. 2.