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

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.

Bookmark/Search this post with:

Anonymous (not verified) Says:
Thu, 12/21/2023 - 08:56

An fascinating discussion will be worth comment. I do believe that you can write regarding this topic, it might become a taboo subject but typically consumers are insufficient to dicuss on such topics. Yet another. Cheers top 10 nhà cái uy tín

Anonymous (not verified) Says:
Wed, 12/20/2023 - 20:43

Look younger and feel great with Magic Potion® from Collagen Limited. The all-in-one Potent High Protein High Strength anti-ageing Pure Marine Liquid Collagen Shot collagen

bike packers (not verified) Says:
Wed, 12/20/2023 - 11:56

Anonymous (not verified) Says:
Tue, 12/19/2023 - 14:37

Situs Taruhan Bola untuk JUDI BOLA dengan kelengkapan permainan Taruhan Bola Online diantaranya Sbobet, M88, Ubobet, Cmd, Oriental Gaming dan masih banyak lagi Judi Bola Online lainnya. Dapatkan promo bonus deposit harian 25% dan bonus rollingan hingga 1% . Temukan juga kami dilink kantorbola77 , kantorbola88 dan kantorbola99 . kantorbola

Anonymous (not verified) Says:
Tue, 12/19/2023 - 13:28

有人有时会定期访问您的博客，并根据我的经验推荐您阅读。写作方式非常好，内容也是一流的。感谢您为读者提供的见解！賭博技術創新

휴게소토토 (not verified) Says:
Tue, 12/19/2023 - 12:58

Very rapidly this site will be famous among all blogging and site-building users, due to it's good articles 휴게소토토

bike movers (not verified) Says:
Tue, 12/19/2023 - 11:52

QADIR (not verified) Says:
Tue, 12/19/2023 - 10:20

Great post, and great website. Thanks for the information! tylebongda

먹튀검증 (not verified) Says:
Mon, 12/18/2023 - 13:43

This is a wonderful article, Given so much info in it, These type of articles keeps the users interest in the website, and keep on sharing more ... good luck. 먹튀검증

QADIR (not verified) Says:
Mon, 12/18/2023 - 11:52

hi there and thank you for your info – I have certainly picked up something new from right here. I did however expertise a few technical points using this site, since I experienced to reload the website lots of times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I’m complaining, but sluggish loading instances times will often affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Anyway I’m adding this RSS to my e-mail and could look out for much more of your respective intriguing content. Ensure that you update this again soon.. tỷ lệ bóng đá kèo nhà cái

레모나토토 (not verified) Says:
Mon, 12/18/2023 - 11:38

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

Anonymous (not verified) Says:
Mon, 12/18/2023 - 10:28

An interesting discussion may be worth comment. I do think that you simply write on this topic, it will not certainly be a taboo subject but normally consumers are insufficient to communicate on such topics. To a higher. Cheers kèo nhà cái hôm nay

Jade (not verified) Says:
Mon, 12/18/2023 - 08:23

I am very happy to have found this blog. It was amazing information for me. SLOTXOXO , the most convenient access platform on a single mobile phone.

pest control york (not verified) Says:
Mon, 12/18/2023 - 07:37

The most successful marketers know that it's all about telling stories,augusta pest control

fairfield pest control (not verified) Says:
Mon, 12/18/2023 - 07:09

The most successful marketers know that it's all about telling stories, and one of the ways to tell these stories is through branded content.fairfield pest control

tutoring in los angeles (not verified) Says:
Mon, 12/18/2023 - 06:53

I just want to let you know that I just check out your site and I find it very interesting and informative.tutoring in los angeles

Anonymous (not verified) Says:
Sun, 12/17/2023 - 14:29

Simplifying the NPWP application and renewal process can encourage more individuals and businesses to comply with tax regulations. NPWP PAJAK

Eyade (not verified) Says:
Sun, 12/17/2023 - 12:17

fhrerscheinfabrik
Kaufen Sie innerhalb weniger Tage einen authentischen und registrierten Führerschein,
ohne den praktischen bzw.theoretischen Teil der Prüfungen bei der gewünschten
Datenbank und Community angemeldet zu haben.

Eyade (not verified) Says:
Sun, 12/17/2023 - 12:16

rijbewijs-kopens
Koop binnen enkele dagen een authentiek en geregistreerd rijbewijs,
geregistreerd bij de gewenste database en community zonder het praktische
of om het theoretische gedeelte van de examens af te ronden.

bike movers (not verified) Says:
Sun, 12/17/2023 - 07:51

Anonymous (not verified) Says:
Sat, 12/16/2023 - 08:42

I’m your to get many of the content, I actually unquestionably savored, I will seriously have a preference for extra details pertaining to the following, seeing as it is really excellent., Thank you created for writing. <a href="https://nhacaiuytin5.co">nha cai uy tin</a>

packer and movers (not verified) Says:
Sat, 12/16/2023 - 05:56

Nathaniel Nesbitt (not verified) Says:
Fri, 12/15/2023 - 19:58

colorado online dispensary shipping worldwide//
hash for sale/
legit online dispensary shipping worldwide
buy marijuana online
marijuana for sale online
weed pre roll
delta 8 pre roll wholesale
Hash
Pre rolls/
full extract cannabis oil for sale
urb delta 9 gummies 100mg/

buy weed online
ibogaine seeds for sale
buy ibogaine capsules
ayahuasca for sale
ibogaine canada
buy ibogaine hcl online
tabernanthe iboga plant for sale
iboga root bark
Buy iboga ta
Buy iboga hcl
Buy iboga powder

iboga treament online/
ibogaine seeds/
iboga canada
ayahuasca/
tabernanthe iboga/
iboga root barks
Iboga ta/
ibogaine capsules/
ibogaine HCL
ibogaine seeds

diablo k2 spray on paper
black diamond k2 spray
legit online dispensary shipping worldwide 2023
grape gas strain
shatters
biscotti kush mints strain
10mg edibles for sale
where to buy a meth pipe
clipper lighter wholesale
backwoods vanilla cigars
pre rolled backwoods
backwoods
backwoods vape pen
Colorado dispensary shipping worldwide
hash bubble bags
Hash
buy weed online
dank vapes 2023
brass knucles
marijuana for sale
super soaker strain

diablo k2 spray for sale
research chemicals for sale online/
acetyl fentanyl buy
black label herbal incense
fluorexetamine cas
magic truffle syrup

fluorexetamine cas
buy weed online
[weed for sale Australia](https://credibleweeddelivery.com)

fxe drug
cocaine for sale
k2 for sale
k2 for sale
cocaine for sale
research chemical suppliers
wockhardt for sale
actavis promethazine codeine
8 ball of cocain
buy bolivian cocaine online
flubromazolam
buy bromazolam
apetamin syrup for salea>
buy eutylone online

MINI GOLDENDOODLES UNDER $1000
yeezy moonrock strain
Iboga for sale
Best Place To Buy Weed Online
legit online dispensary shipping worldwide
muha-meds agent orange

23 year old pappy van winkle for sale
pappy van winkle for sale
buffalo trace for sale
PAPPY VAN WINKLE FOR SALE

skateboard for sale
electric scooter shop
icon golf cart accessories
electric road bikes FOR SALE
ICON GOLF CARTS FOR SALE

audi spare parts FOR SALE

buying cocaine online
Buy Cocaine Online USA
cocaine colombia
cocaine fish scales
buying cocaine in mexico
buy peruvian cocaine online
fish scale cocaine
buy flake cocaine online
buy crack cocaine for sale
buy crystal meth online
buy cheap cocaine online
buy bolivian cocaine online
buy bio cocaine online
cocaine for sale online
fish scale cocaine for sale
order pure cocaine online
Pink cocaine for sale online

audi spare parts FOR SALE

bitcoin flip cashapp flipping bitcoin
western union money transfers for sale
cashapp flipping
paypal flips paypal transfers
clone cards
buy cloned credit cards online
buy cloned cards online

clone prepaid visa cards proxmark
cloned cards for sale

Anonymous (not verified) Says:
Thu, 12/14/2023 - 12:37

You need to take part in a contest personally of the most effective blogs over the internet. I’m going to suggest this web site! https://tydo88.ltd/

Call Girls in islamabad (not verified) Says:
Thu, 12/14/2023 - 12:02

Best Escorts Service Provider in Islamabad. ModelsIslamabad.Xyz One of the Most Brilliant Call Girls in Islamabad 03267727773.

QADIR (not verified) Says:
Wed, 12/13/2023 - 15:36

This key fact write is get many site visitors. How should you publicize it? Doing it offers a fantastic customized style during strategies. My partner and i possessing a little something truly and / or excessive provide home elevators is the most essential element. Rút tiền Miso88

Anonymous (not verified) Says:
Wed, 12/13/2023 - 12:59

When i got on your web-site having said that ranking aim only a bit more minimal submits. Pleasing technique for near future, I'll be book-marking when collect people today finish off takes place into position. jun88

seo seoservise servise (not verified) Says:
Wed, 12/13/2023 - 11:37

I read a article under the same title some time ago, but this articles quality is much, much better. How you do this.. roulette

카지노 스토리 (not verified) Says:
Wed, 12/13/2023 - 06:07

Good post. Thanks for sharing with us. I just loved your way of presentation. I enjoyed reading this .Thanks for sharing and keep writing
VISIT MY WEBSITE
카지노 스토리
카지노 스토리
카지노 스토리
카지노 스토리
카지노 스토리
카지노 스토리
카지노 스토리

Anonymous (not verified) Says:
Tue, 12/12/2023 - 15:20

After study a handful of the web sites for your web site now, and i also genuinely such as your technique for blogging. I bookmarked it to my bookmark site list and you will be checking back soon. Pls look at my site as well and let me know if you agree. Jun88

무료 슬롯 (not verified) Says:
Tue, 12/12/2023 - 07:50

It's really nice and meanful. it's really cool blog. Linking is very useful thing.you have really helped lots of people who visit blog and provide them usefull information
CHECK MY WEBSITE
무료 슬롯
https://www.slotpang1.com/

Anonymous (not verified) Says:
Tue, 12/12/2023 - 05:48

https://ostaarekisteroityajokortti.com/

https://kopaktakorkort.com/

https://buyanabolicssteroid.com/

https://koboriginaltkorekort.com/

https://legalniridicskyprukaz.com/

https://kjopregistrertforerkort.com/

https://blejpatenteshoferi.com/

https://kjopforerkortb.com/

https://kjoppremiumforerkort.com/

https://permisconducerelegal.com/

김도윤 (not verified) Says:
Mon, 12/11/2023 - 13:30

법률로 사후에 국가는 계승·발전과 의하여 권리는 침해받지 무죄로 형사피고인은 처벌받지. 범하고 국제법규는 헌법에 보호한다. 동일한 보호를 범하고 모든. 이상의 바에 보장하기 모성의 법률로써 소추되지 재외국민을 증거인멸의.tests
통신·방송의 범죄를 위하여 해당하는 형에 무상으로. 사항은 계승·발전과 진다. 신체의 범죄에 형에 일반적으로. 승인된 모성의 기능을 범하고 의무를 아니하는 염려가 같은.
법률에 승인된 사후에 거듭 보호한다. 법률에 전통문화의 위하여 대하여 민족문화의. 시설기준과 법률에 청구할 통신·방송의 기능을. 예술가의 위하여 무상으로 필요한.

슬롯초보 (not verified) Says:
Mon, 12/11/2023 - 07:00

I think this is one of the most significant information for me. And i’m glad reading your article

슬롯초보

안전슬롯사이트 (not verified) Says:
Mon, 12/11/2023 - 06:59

I can't get enough of your blog, it's so inspiring! I do have some recommendations for you to check out here

안전슬롯사이트

슬롯 커뮤니티 (not verified) Says:
Mon, 12/11/2023 - 06:58

I really appreciate the time and effort you put into your blog posts. It's clear that you're passionate, and it shows.
VISIT MY WEBSITE

슬롯 커뮤니티

무료 슬롯 (not verified) Says:
Mon, 12/11/2023 - 06:58

That is really attention-grabbing, You’re a very professional blogger.
I’ve joined your feed and sit up for in quest of more of your wonderful post.
Additionally, I have shared your site in my social networks

무료 슬롯

슬롯사이트 (not verified) Says:
Mon, 12/11/2023 - 06:57

Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! It’s always nice when you can not only be informed, but also entertained

슬롯사이트

슬롯팡 (not verified) Says:
Mon, 12/11/2023 - 06:56

Good post. Thanks for sharing with us. I just loved your way of presentation. I enjoyed reading this .Thanks for sharing and keep writing
VISIT MY WEBSITE

슬롯팡

슬롯 보증 (not verified) Says:
Mon, 12/11/2023 - 06:55

It's really nice and meanful. it's really cool blog. Linking is very useful thing.you have really helped lots of people who visit blog and provide them usefull information
CHECK MY WEBSITE

슬롯 보증

ai갤러리 (not verified) Says:
Mon, 12/11/2023 - 06:55

Excellent information providing by your Article thank you for taking the time to share with us such a nice article.
VISIT MY LINK

ai갤러리

카지노 혜택 (not verified) Says:
Mon, 12/11/2023 - 06:54

I think this is one of the most significant information for me. And i’m glad reading your article

카지노 혜택

카지노 스토리 (not verified) Says:
Mon, 12/11/2023 - 06:53

I can't get enough of your blog, it's so inspiring! I do have some recommendations for you to check out here

카지노 스토리

링크모음 사이트 (not verified) Says:
Mon, 12/11/2023 - 06:53

I really appreciate the time and effort you put into your blog posts. It's clear that you're passionate, and it shows.
VISIT MY WEBSITE

링크모음 사이트

최신 링크 사이트 (not verified) Says:
Mon, 12/11/2023 - 06:52

최신 링크 사이트

Anonymous (not verified) Says:
Sun, 12/10/2023 - 23:01

https://kjoppremiumforerkort.com/

https://ostaarekisteroityajokortti.com/

https://kopaktakorkort.com/

https://buyanabolicssteroid.com/

https://koboriginaltkorekort.com/

https://legalniridicskyprukaz.com/

https://kjopregistrertforerkort.com/

https://blejpatenteshoferi.com/

https://kjopforerkortb.com/

https://kjoppremiumforerkort.com/

https://permisconducerelegal.com/

파라오카지노 (not verified) Says:
Sat, 12/09/2023 - 14:05

This surely helps me in my work. Lol, thanks for your comment! wink Glad you found it helpful. 파라오카지노

Anonymous (not verified) Says:
Sat, 12/09/2023 - 13:24

No longer are interest rates at rock bottom. In a move to stave off inflation, the Federal Reserve consistently hiked the prime interest rate to nearly 8%, a level not seen since 2007. But it’s a long way from the highs of the 1980s (12-13%). Besides, rates for borrowers vary depending on credit score and where you are buying. The Hillshore

릴게임 (not verified) Says:
Sat, 12/09/2023 - 12:17

Great tips and very easy to understand. This will definitely be very useful for me when I get a chance to start my blog 릴게임

packers and movers (not verified) Says:
Sat, 12/09/2023 - 12:08

Post new comment

Your name: *

E-mail: *

The content of this field is kept private and will not be shown publicly.

Homepage:

Comment: *

Input format

Filtered HTML

Web page addresses and e-mail addresses turn into links automatically.
Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><b><i><hr><img>
Lines and paragraphs break automatically.

Full HTML

Web page addresses and e-mail addresses turn into links automatically.
Lines and paragraphs break automatically.
You may use [block:module=delta] tags to display the contents of block delta for module module.

More information about formatting options

CAPTCHA

Please type the letters and numbers you see in the image to prevent automated spam submissions.

             _                         __ 
            | |                       / _|
 __      __ | |_   _ __ ___   __  __ | |_ 
 \ \ /\ / / | __| | '_ ` _ \  \ \/ / |  _|
  \ V  V /  | |_  | | | | | |  >  <  | |  
   \_/\_/    \__| |_| |_| |_| /_/\_\ |_|

Enter the code above: *

Enter the code depicted in ASCII art style.

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

Post new comment

Search

A.K. Property Services newsletter

Recent blog entries:

A.K. Property Services