PROPERTY INVESTOR - In today's Irish Times, Aisling Keenan speaks out on the Governments new Multi-Unit Developments Act 2011

Submitted by Aisling Keenan on Thu, 04/28/2011 - 08:21.

Pat Igoe writes for the Irish Times as follows: 

New laws set clearer rules for apartment management companies - but managing agents are still not regulated.

Expect the figures from Census 2011, when they become available, to confirm what most of us suspect - that apartment living has taken a serious hold in modern Ireland. The most-quoted figure of 500,000 people now living in apartments may even be an under-estimate. 

Many apartment owners are now increasingly worried about the management of their developments and the financing of necessary services, such as grass-cutting and essential repairs. It is for this reason that the new statutory protections in place since April 1st for apartment owners and dwellers are already being carefully watched for results.

It is widely agreed that the Multi-Unit Developments Act 2011 will help the increasingly troubled apartment residential sector. Only weeks into the new legislation, its beneficial effects are already being noticed.

But it is a case of only two cheers. Despite the broad reach of the new law, managing agents, who may be engaged by the management companies to operate the day-to-day running of apartment complexes, are still unregistered and unregulated. This is widely recognised as a major exposure, even if it is one that is due to be soon closed.

If an annual service charge of €500 per apartment is taken as an average figure (and some apartment complexes go as high as €2,500 per year), the annual sums passing from apartment owners to managing agents is clearly in excess of €50 million. It is a case of so far, so honest.

"The new law is already helping because it sets clearer standards for apartment developments and give apartment owners control over their own developments" according to Aisling Keenan of AK Property Services. Paul Mooney of the Irish Property and Facilities Management Association (IPFMA) agrees. He says that "the door is more open than ever for people to take control of their own apartment complexes".

There has been a significant increase reported in the past few weeks since April 1st in enquiries from apartment owners about what they and their management companies must do to comply with the new law. They are being told: they must set-up meaningful sinking funds, with seperate bank accounts, to pay for necessary improvements or maintenance; house rules will have full legal enforcement in the Circuit Court; any new budgetary proposals will not proceed if 75 percent of votes at the compulsory annual general meeting are against them; and that there is a new mechanism for resolving disputes including the use of mediation.

But it is the dispute procedures in the new law, including access to the Circuit Court, that is already getting a lot of attention. Sadly, this is because of unprecedented difficulties in collecting the annual service charges from apartment owners. I is now a "massive problem", according to one agent.

Non-payment of the annual charge is leading to problems with providing services, such as cutting grass and maintaining accounts. Earlier this year managing agent CBRE was reported to have threatened to withdraw its services from an apartment complex in Sandyford, Co. Dublin because of unpaid management charges by apartment owners. This case is by no means unique.

Since coming into operation on April 1st, the act has been closely examined, in particular section 24. It provides that the management company (which is owned by all apartment owners) and the individual apartment owners are entitled to apply to the Circuit Court for an order enforcing any rights. The court must be told whether mediation has been attempted.

The new law points to greater transparency, but also to greater regulation. The Law Society is expected to give solicitors tighter audit rules to chartered accountants on monies passing through the accounts of managing agents. 

Rubbish collection, repairing roofs, maintaining car parks, mowing lawns or paying insurance.... these services must all be paid for or they will be disconnected. Realistic enforcement of the annual management charges payable by apartment owners is already being seen as the first real test of the new legislation. 

 

 

 

Anonymous (not verified) Says:
Fri, 05/07/2021 - 08:19

mtom (not verified) Says:
Thu, 05/06/2021 - 08:20

Great goods from you, man. Ive understand your stuff previous to and you are just extremely wonderful. I really like what youve acquired here, certainly like what you are saying and the way in which you say it. You make it entertaining and you still care for to keep it smart. I cant wait to read much more from you. This is really a tremendous site. buy marijuana online

--------------------

small gardens are cute but i still prefer to have those medium sized gardens where i can grow some veggies;; gmail.com

Anonymous (not verified) Says:
Wed, 05/05/2021 - 10:16

Anonymous (not verified) Says:
Wed, 05/05/2021 - 10:15

pg slot (not verified) Says:
Wed, 05/05/2021 - 07:13

PROPERTY INVESTOR - In today's Irish Times, Aisling Keenan speaks out on the Governments new Multi-Unit Developments Act 2011 - A.K. Property Services, the Ireland-wide property management agents pg slot

OH (not verified) Says:
Tue, 05/04/2021 - 11:00

I went over this internet site and I think you have a lot of excellent info , saved to my bookmarks (:. 자위기구
=================================================================================
Buenos dias buddy. Riveting stuff. How do you feel about honda element reviews thc vape juice

Rayan Ali (not verified) Says:
Mon, 05/03/2021 - 13:05

Your blog is fabulous, superior give good results... Seen a large number of definitely will understand everybody even in the event they do not take the time to reveal.
types of civil engineering

BS (not verified) Says:
Mon, 05/03/2021 - 05:38

I got what you mean , saved to fav, very decent web site . cannabis store
=================================================================================
There couple of intriguing points soon enough in this posting but I don’t know if I see these people center to heart. There may be some validity but I will take hold opinion until I take a look at it further. Great write-up , thanks therefore we want much more! Put into FeedBurner also wall hanging

motm (not verified) Says:
Sun, 05/02/2021 - 06:13

I precisely desired to say thanks once again. I’m not certain the things that I might have used in the absence of the entire opinions revealed by you regarding that question. It had become a real difficult concern in my position, nevertheless spending time with your specialised avenue you resolved the issue made me to jump over joy. I’m just grateful for this advice and even wish you comprehend what a great job that you’re carrying out instructing most people all through your webpage. I know that you have never got to know any of us. ggongnara.com
------
This is a appropriate weblog for everyone who is would like to find out about this topic. You already know much its virtually hard to argue to you (not that I really would want…HaHa). You actually put a whole new spin with a topic thats been revealed for decades. Great stuff, just excellent! daftar sbobet

Rayan Ali (not verified) Says:
Sat, 05/01/2021 - 12:41

This is really a nice and informative, containing all information and also has a great impact on the new technology. Check it out here:
gu slotxo

Anonymous (not verified) Says:
Sat, 05/01/2021 - 08:03

Have you consider starting an monthly news letter. It would take your site to its potential. http://70.40.204.200/login/

=================================================

Hello there, just became aware of your blog through Google, and found that it’s truly informative. I am going to watch out for brussels. I will be grateful if you continue this in future. Lots of people will be benefited from your writing. Cheers! Buy Gelato Brass Knuckles Vape Cartridges Online

PT (not verified) Says:
Sat, 05/01/2021 - 06:39

Great news I recently find your blog and have been reading along. I thought I would leave a comment. BLVCK MARKET CARTS
=================================================================================
You should indulge in a tournament for just one of the most useful blogs on the net. I will suggest this page! 카지노사이트

Norton customer help (not verified) Says:
Thu, 04/29/2021 - 11:42

Just dial 1-844-249-4536 from wherever you are to reach Norton help center run by Assistance for All. Talk to our executive and get step by step instructions to quickly set up the antivirus program in your system.

chandru (not verified) Says:
Thu, 04/29/2021 - 08:04

Digital Workplace software
The digital workplace can best be considered the natural evolution of the workplace. Comprised of your employees’ technology working environment.

Anonymous (not verified) Says:
Wed, 04/28/2021 - 12:20

Hi there, a very good read and it sometimes just takes someone to post something like this to make me realise where I’ve been going wrong! Just added the site to my bookmarks so will check back now and then. Cheers. buy glo extracts online

===================================================

I seriously loved this post. You describe this topic well. When hiring home contractors it is critical for select a trusted name in construction. Experienced and efficient staff should strive for excellence and pay close attention to every detail of your house. rove carts

MG (not verified) Says:
Wed, 04/28/2021 - 11:29

You got a very excellent website, Gladiolus I observed it through yahoo. 토토검증
=================================================================================
Aside from the standard penned blogging site feedback, you will also come across some audio feedback for a web site. Whatever your occupation is, you will uncover back links from the blogging site feedback for a myriad of blogs. The blogs are even composed for just a certain occupation. film streaming gratuit

Best Digital Marketing Agency In Chandigarh (not verified) Says:
Wed, 04/28/2021 - 06:18

In today’s time, the high-demand of digital marketing has tended to be on upward trend. The Majority of businesses shift towards digital marketing for achieving a wider reach. You will find a number of digital marketing companies offering premium digital marketing services. If you also want to broaden your reach, or build a strong digital presence, just go ahead and choose the best Digital Marketing Company in Chandigarh.

mtom (not verified) Says:
Wed, 04/28/2021 - 06:02

I like the efforts you have put in this, appreciate it for all the great blog posts. 토토 추천

---------------------

When I originally commented I clicked the -Notify me when new comments are added- checkbox now every time a comment is added I am four emails using the same comment. Is there in any manner you may eliminate me from that service? Thanks! tesla

TJ (not verified) Says:
Tue, 04/27/2021 - 05:41

After study a handful of the content in your internet site now, and that i genuinely such as your method of blogging. I bookmarked it to my bookmark web site list and are checking back soon. Pls look into my site as well and tell me what you believe. nagaland state lottery
=================================================================================
I have found a great deal of very good content on your web site. I will definitely be back again for lots more. joker388

Anus Ali (not verified) Says:
Mon, 04/26/2021 - 22:06

Your blog is fabulous, superior give good results... Seen a large number of definitely will understand everybody even in the event they do not take the time to reveal.
먹튀검증사이트

mtom (not verified) Says:
Mon, 04/26/2021 - 06:11

Wow! This could be one particular of the most beneficial blogs We’ve ever arrive across on this subject. Actually Wonderful. I’m also an expert in this topic so I can understand your effort. ฟุตบอลออนไลน์

-----------------------

This would be the proper weblog for anybody who really wants to find out about this topic. You recognize a lot its practically tricky to argue along (not that I actually would want…HaHa). You certainly put a whole new spin with a topic thats been revealed for some time. Fantastic stuff, just excellent! SLOTXO

DB (not verified) Says:
Mon, 04/26/2021 - 05:50

Some truly nice stuff on this website. guns for sale
=================================================================================
You actually make it seem so easy with your presentation but I find this matter to be really something which I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I will try to get the hang of it! Bolly4u org

Satta King (not verified) Says:
Sun, 04/25/2021 - 13:45

Satta King game is drawing and lottery-based generally match-up, anyway right now it's sorted in betting.
||Gali Satta King
||Disawar Satta King
||Taj Satta King
||Shri Ganesh Satta King
||Faridabad Satta King
||Ghaziabad Satta King
||Delhi Darbar Satta King
||Chamoli Satta King
||Gali Satta King
||Disawar Satta King
||Faridabad Satta King
||Ghaziabad Satta King
||Delhi Darbar Satta King
||Taj Satta King
||Shri Ganesh Satta King
||Chamoli Satta King
||Satta King
||Satta King Gali
||Satta King
||Satta King Gali
||Satta King Desawar
||Satta King Faridabad
||Satta King Ghaziabad
||Satta king live result
||Satta king online result
||Satta king online
||Satta king result today
||Satta king gali result
||Satta king desawar result
||Satta king faridabad result
||Satta king gaziyabad result
||Satta king delhi darbar result
||Satta matka king
||Satta king up
||Satta king desawar
||Satta king gali
||Satta king 2020 chart
||Satta king 2019 chart
||Satta king 2021 chart
||Satta baba king
||Satta king chart
||Gali live result
||desawar live result
||faridabad live result
||ghaziabad live result
||delhi darbar live result
||Satta number
||Satta.com
||Satta game
||Gali number
||Delhi satta king
||Satta bazar
||Black satta king
||Satta king 2019
||Satta king 2020
||Satta king 2021
||Satta king gali leak number
||Satta king leak number
||Gali single jodi
||Black satta result
||Desawar single jodi
||satta king 2019,2020,2021
||Satta king gali desawar
||Satta king 2018 gali
||Satta king 786
||Satta king com
||Satta king fast
||Satta King
||Satta King 786
||Satta King Result
||Black Satta King
||Satta King 2021
||Gali Satta King
||Delhi Darbar Satta King
||Taj Satta King
||Disawar Satta King
||Faridabad Satta King
||Ghaziabad Satta King
||Shri Ganesh Satta King
||Chamoli Satta King
||satta king 786
||satta result
||satta king fast
||satta king result
||satta king 2019
||satta king disawar
||black satta king
||satta king chart
||gali satta
||satta king 2020
||disawar satta king
||satta king online
||disawar satta
||black satta
||satta king gali
||satta chart
||black satta king 786
||satta king satta king
||satta king desawar 2019
||satta king gali disawar
||satta king 2018 chart
||satta king live
||gali disawar
||shri ganesh satta king
||satta gali
||satta 786
||satta disawar
||satta king desawar
||black satta 786
||satta game
||vip satta
||satta king desawar 2018
||satta king chart 2020
||satta king taj
||aman satta king 786
||satta live
||satta king 2018
||satta king online result
||desawar chart 2020
||daily satta king
||shri ganesh satta
||satta king satta
||satta king 2019 chart
||satta king desawar 2020
||disawar chart
||desawar satta
||satta number
||satta king 2019 desawar chart
||satta king today
||vip satta king
||satta king 786 chart 2019
||satta king live result
||disawar result
||satta badshah 786
||disawar satta result
||disawar satta chart
||gali result
||gali chart
||daily satta
||gali chart 2020
||hot satta
||gali 786 satta chart
||satta king 2019 chart april
||badshah 786
||disawar chart 2020
||satta king super fast
||gali satta result
||satta king chart 2019
||gali satta chart
||satta king fast result
||desawar chart
||gali disawar satta
||satta desawar
||satta king bazar
||satta king 2020 chart
||desawar satta chart 2020
||satta bazar
||gali disawar result
||satta king khabar
||satta king ka result
||satta baba king
||taj satta
||desawar chart 2019
||satta khabar
||satta king 2018 desawar
||gali satta chart 2020
||disawar ki khabar
||satta gali disawar
||satta king disawar ki khabar
||satta online
||satta chart 2020
||monthly satta king
||gali desawar
||satta king 2021
||satta result today
||satta king disawar result
||desawar satta chart
||hot satta king
||desawar satta chart 2019
||satta live result
||satta king result today
||satta king desawar chart 2019
||satta matka king
||disawar satta chart 2020
||all satta bazar
||satta king gali chart 2019
||aaj ka satta king
||satta king darbar
||satta king gali result
||satta king 2018 gali
||satta king result 2020
||shree ganesh satta
||satta king disawar chart
||satta fast king
||today satta
||satta up king

FN (not verified) Says:
Sun, 04/25/2021 - 10:41

I got what you mean , saved to bookmarks , very decent site. Flowline Center
=================================================================================
very nice post, i certainly love this website, keep on it rattan headboards

Anonymous (not verified) Says:
Sat, 04/24/2021 - 08:33

irritable bowel is really bad, this disease can really crap your digestive system~ 대전출장마사지
=================================================
I am extremely impressed along with your writing talents as smartly with the structure for your blog. Is this a paid topic or did you modify it yourself? Either way stay up the excellent quality writing, it is rare to peer a nice blog like this one nowadays.. สล็อตเครดิตฟรี

TC (not verified) Says:
Sat, 04/24/2021 - 06:24

That is the best weblog for anyone who desires to find out about this topic. You understand a lot its virtually laborious to argue with you (not that I actually would need…HaHa). You definitely put a brand new spin on a topic thats been written about for years. Great stuff, simply great! 먹튀검증업체
=================================================================================
great list…i’ve had a lot of those bookmarked for inspiration. 먹튀검증

mtom (not verified) Says:
Sat, 04/24/2021 - 06:18

Hiya, I am really glad I have found this info. Nowadays bloggers publish just about gossips and net and this is actually annoying. A good blog with interesting content, that is what I need. Thanks for keeping this web site, I’ll be visiting it. Do you do newsletters? Can not find it. lawn mowing franchise
-------------------------Just added your blog to my list of price reading blogs microsoft word digital signature

linksys extender (not verified) Says:
Sat, 04/24/2021 - 05:38

excellent post...

Anonymous (not verified) Says:
Tue, 04/20/2021 - 15:01

Your writing is really very impressive. The level of understanding seems matching. You should visit my blog netgear nighthawk app

Anonymous (not verified) Says:
Tue, 04/20/2021 - 14:57

Amazing blog, would recommend it to my friends as well.
linksysvelopapp

Anonymous (not verified) Says:
Tue, 04/20/2021 - 14:54

Your writing is really very impressive. The level of understanding seems matching. You should visit my
blog orbilogin

Anonymous (not verified) Says:
Tue, 04/20/2021 - 14:53

Otskare for the good effort you've put in.
dlinkapp-local.com

Anonymous (not verified) Says:
Tue, 04/20/2021 - 12:12

현재 수많은 온라인바카라사이트가 운영되고 있습니다.
하지만 다 같은 바카라사이트가 아닙니다.
무리하게 첫충전을 주고 쿠폰을 난발하여 유저를모아
제대로 된 바카라사이트운영을 하지않고 먹튀 바카라사이트 를 운영한다 해도 무방합니다.
우리카지노

Anonymous (not verified) Says:
Mon, 04/19/2021 - 11:47

현재 수많은 온라인바카라사이트가 운영되고 있습니다.
하지만 다 같은 바카라사이트가 아닙니다.
무리하게 첫충전을 주고 쿠폰을 난발하여 유저를모아
제대로 된 바카라사이트운영을 하지않고 먹튀 바카라사이트 를 운영한다 해도 무방합니다.
우리카지노

dlink extender (not verified) Says:
Mon, 04/19/2021 - 10:48

Really nice and informative post..

AP (not verified) Says:
Mon, 04/19/2021 - 05:47

You need to join in a contest for just one of the greatest blogs online. I am going to suggest this page! Kamagra opinie

IT (not verified) Says:
Sun, 04/18/2021 - 07:21

We really already know we have got the blog owner to be grateful to for this. Most of the explanations you have made, the easy web site menu, the friends9ihips your site aid to promote – it’s got most remarkable, and it is facilitating our son in addition to our family know that that subject matter is interesting, which is certainly extraordinarily important. Thank you for all! 먹튀
=================================================================================
i think that Alicia should have joined the miss usa pageant, she is very beautiful* 토토검증커뮤니티

Anonymous (not verified) Says:
Sat, 04/17/2021 - 07:41

you can say that green health is the best because it is all organic’ buy rove cartridges online

=================================================

I discovered your site site on google and appearance a couple of your early posts. Preserve on the excellent operate. I merely extra up your Rss to my MSN News Reader. Looking for forward to reading a lot more on your part later on!… diesel tuning

메이저놀이터 (not verified) Says:
Sat, 04/17/2021 - 06:20

I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.

mtm (not verified) Says:
Sat, 04/17/2021 - 05:43

This article contains great original thinking. The informational content here proves that things aren’t so black and white. I feel smarter from just reading this. Dexedrine 15mg

brother printer offline (not verified) Says:
Fri, 04/16/2021 - 11:50

Hi there Dear, are you genuinely visiting this website on a regular basis, if so then you will absolutely get good know-how.

Alizer (not verified) Says:
Thu, 04/15/2021 - 06:30

Superbly written article, if only all bloggers offered the same content as you, the internet would be a far better place..
먹튀검증사이트

dlink extender setup (not verified) Says:
Wed, 04/14/2021 - 10:29

We stumbled over here from a different page and thought I might as well check things out. I like what I see so now i am following you.
Look forward to going over your web page again.

motm (not verified) Says:
Tue, 04/13/2021 - 07:51

I have noticed that over the course of developing a relationship with real estate homeowners, you’ll be able to get them to understand that, in every single real estate transaction, a commission is paid. In the long run, FSBO sellers will not “save” the commission. Rather, they fight to win the commission by means of doing a great agent’s job. In completing this task, they invest their money along with time to conduct, as best they will, the assignments of an broker. Those duties include getting known the home by means of marketing, representing the home to all buyers, constructing a sense of buyer desperation in order to prompt an offer, making arrangement for home inspections, taking on qualification checks with the loan company, supervising fixes, and aiding the closing of the deal. 먹튀

------------

when giving corporate gifts, you should also be creative to find the best gifts to give” tattoo aftercare day by day

Wonder Automation (not verified) Says:
Tue, 04/13/2021 - 06:38

Harsha Diamond (not verified) Says:
Tue, 04/13/2021 - 06:33

UNO Hospital Solutions (not verified) Says:
Tue, 04/13/2021 - 06:26

<a href="https://unohospitalsolutions.com/hygiene/">Disinfection services for Office</a>

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
Please type the letters and numbers you see in the image to prevent automated spam submissions.
  _      ______          _              
| | |___ / | |
| | __ / / _ _ | |_ __ __
| |/ / / / | | | | | __| \ \ /\ / /
| < ./ / | |_| | | |_ \ V V /
|_|\_\ \_/ \__, | \__| \_/\_/
__/ |
|___/
Enter the code depicted in ASCII art style.