Financing Program
Assek financing, designed for your building
Protect your buildings against water damage without tying up your capital. A simple monthly payment designed for property managers and condominium syndicates.
Available in partnership with Versa Capital, our financing partner.
Why finance instead of tying up your capital?
Insurance discounts can meaningfully reduce your project's cost
Potential insurance discount
A 5% to 20% premium reduction, applicable to both the co-owner's / tenant's policy and the property manager's / condominium syndicate's policy.
Source : Insurance market (portail-assurance.ca)
Estimated net monthly cost
With an average 10% discount applied to both policies, this is the net cost per unit once the insurance discount is applied.
*These figures are estimates for illustrative purposes. Your actual discount depends on your insurer and policy. We will help you validate the exact amount that applies to your building once you have your policy in hand.
Cost over time, with and without a prevention system
Why finance instead of tying up your capital?
Preserve your capital
Your detectors and valves deliver benefits over several years. Financing spreads the cost over the same period without drawing on your cash reserves.
A predictable cost
One stable, predictable monthly payment instead of a one-time outlay per building. Easy to budget, building by building or across your portfolio.
Designed for large condominiums
Rather than drawing from the contingency fund or imposing a special assessment, financing spreads the project's cost over several years.
What's included in your monthly payment
Equipment
Automatic water shut-off valves, water-leak detection sensors and connected solutions, based on each building's needs.
Installation
Complete installation by our teams, building by building, with no additional step for you to manage.
Support and visibility across your portfolio
Access to the Oblik platform for a centralized view across all your buildings, with Assek technical support included.
Financing option: from assessment to installation in four steps
Your custom price
Our experts assess your building or portfolio and provide a simple monthly price, with no obligation.
You give the go-ahead
You, or your board of directors / condominium syndicate, approve the agreement and installation date. Nothing moves forward without your approval.
Installation
Our teams install the equipment according to the agreed schedule, with no upfront payment to plan for.
Monthly payment, discount applied
You make one stable monthly payment per building. We help you get the discount validated with your insurer.
What property managers and condominium syndicates ask us most often
No. The monthly payment covers equipment, installation and support. No surprise fees.
The lease financing is offered by Assek in partnership with Versa Capital, our financing partner. You work with Assek from start to finish; Versa Capital enables the financing behind the scenes.
You, or your condominium syndicate, have the installation validated by your insurer, which adjusts the premium accordingly. The discount directly lowers your net cost in addition to the monthly Assek payment.
Yes. Each building is assessed and billed individually, but can be added to the program according to your schedule. This makes it practical to roll out prevention gradually across a property portfolio.
The Civil Code of Québec provides that a syndicate may grant a movable hypothec only after obtaining authorization from the general meeting of co-owners. Where that hypothec finances improvements to common portions, article 1097 requires a decision by co-owners representing three quarters of the votes of co-owners present or represented.
Applicable requirements depend on the financing structure and the declaration of co-ownership. This is not legal advice; confirm your circumstances with legal counsel.