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:

Allison T Wilson (not verified) Says:
Sat, 02/17/2024 - 06:32

Thanks for sharing practical insights. Study this article Click Per Second. Experiment with different grip styles – discover the one that enhances your clicking speed.

William D Gilmore (not verified) Says:
Fri, 02/16/2024 - 13:25

Appreciate the depth of information provided. See this article Click Per Second. Challenge yourself to click-per-second competitions online – a fun way to track your progress.

Anonymous (not verified) Says:
Fri, 02/16/2024 - 09:52

Truly, this article is really one of the very best in the history of articles. I am a antique ’Article’ collector and I sometimes read some new articles if I find them interesting. And I found this one pretty fascinating and it should go into my collection. Very good work! city of stanton

Private Detective Agency in Delhi (not verified) Says:
Fri, 02/16/2024 - 06:31

https://bestdetectiveagency.com/
private detective agency is most and popular detective agency therefore most of the person need detective agent for finding the solution any problem, and detective agent are used to solve the problem of client since a long time.

Anonymous (not verified) Says:
Fri, 02/16/2024 - 05:07

First You got a great blog .I will be interested in more similar topics. i see you got really very useful topics, i will be always checking your blog thanks. dnabet.ac

Anonymous (not verified) Says:
Thu, 02/15/2024 - 19:14

The Immediate Edge app makes it possible to monitor all your deals from a single dashboard. You can keep track of your business even on the go thanks to the impeccable app. immediate edge estafa

peacocktv.com/tv (not verified) Says:
Thu, 02/15/2024 - 14:05

Thank you so much for sharing this great blog.
Very inspiring and helpful too.
Hope you continue to share more of your ideas.
I will definitely love to read
Regards,
peacocktv.com/tv
peacocktv.com/tv/samsung

Stop Foreclosure Memphis TN (not verified) Says:
Thu, 02/15/2024 - 13:47

I appreciated the emphasis on seeking professional guidance. Discover effective strategies to stop foreclosure Memphis TN. Our experts provide personalized guidance to safeguard your home and financial future.

ADT Camera Setup (not verified) Says:
Thu, 02/15/2024 - 12:45

For ADT Camera Setup support, follow simple steps: place cameras strategically, connect to power and internet, and sync with the hub or your ADT account. Customize preferences via the app. Need assistance? Contact our support team for guidance, ensuring a smooth and effective installation tailored to your needs.

Eufy Account Login (not verified) Says:
Thu, 02/15/2024 - 12:19

Eufy Account Login simplifies access to your smart home devices. Securely sign in to manage cameras, doorbells, and more from anywhere. Enjoy features like live streaming and personalized settings. Whether monitoring your home or adjusting preferences, Eufy Account Login keeps you in control. Experience convenience and peace of mind with easy access to your Eufy ecosystem.

asus router login (not verified) Says:
Thu, 02/15/2024 - 11:42

Our expert assistance ensures seamless access to ASUS router settings. Whether setting up or troubleshooting, our team offers step-by-step guidance for secure login, optimizing your network experience.
asus router login

Worman Law LLC (not verified) Says:
Thu, 02/15/2024 - 11:34

Edward Worman received a B.A. from the University of Missouri in 2009 and a J.D. from the University of Georgia in 2013. He was admitted to the Georgia Bar in 2013, the Missouri Bar in 2015, and the Illinois Bar in 2016. Additionally, he is admitted to the United States District Courts for the Eastern District of Missouri and the Southern District of Illinois.
st louis dwi lawyers
dwi lawyers st louis
st louis dwi attorney

hp com 123 remote assistant (not verified) Says:
Thu, 02/15/2024 - 10:23

At Assist, we offer expert assistance for hp com 123 remote assistant, ensuring a seamless and efficient experience. Whether you're a new user seeking guidance or encountering issues with the remote assistant feature, our dedicated team is here to help.

wifi wavlink com setup (not verified) Says:
Thu, 02/15/2024 - 07:33

Elevate your WiFi experience effortlessly with our expert assistance at wifi wavlink com setup. Our dedicated support ensures a seamless and personalized setup process, guiding you through optimal configuration for your Wavlink network. Connect confidently for an efficient and tailored WiFi setup experience, ensuring reliable and extended network coverage. Visit wifi.wavlink.com/setup now to optimize your connectivity effortlessly.

Anonymous (not verified) Says:
Wed, 02/14/2024 - 17:31

Serving as a comprehensive recordkeeping and analytics solution, Trademetria allows users to meticulously track and analyze their transactions. trademetria journal de trading

먹튀검증 (not verified) Says:
Wed, 02/14/2024 - 08:23

유익한 웹 사이트를 게시하는 데 아주 좋습니다. 웹 로그는 유용 할뿐만 아니라 창의적이기도합니다. 먹튀검증

먹튀검증 (not verified) Says:
Wed, 02/14/2024 - 08:23

유익한 웹 사이트를 게시하는 데 아주 좋습니다. 웹 로그는 유용 할뿐만 아니라 창의적이기도합니다. 먹튀검증

바카라 커뮤니티 (not verified) Says:
Wed, 02/14/2024 - 07:27

비슷한 주제에 대한 흥미로운 정보를 읽을 수있는 페이지로 여러분을 초대합니다. 바카라 커뮤니티

바카라 (not verified) Says:
Wed, 02/14/2024 - 06:49

유익한 웹 사이트를 게시하는 데 아주 좋습니다. 웹 로그는 유용 할뿐만 아니라 창의적이기도합니다. 바카라

토토사이트추천 (not verified) Says:
Wed, 02/14/2024 - 06:12

유익한 웹 사이트를 게시하는 데 아주 좋습니다. 웹 로그는 유용 할뿐만 아니라 창의적이기도합니다. 토토사이트추천

willy (not verified) Says:
Wed, 02/14/2024 - 00:22

I am in fact glad to glance at this blog posts which carries plenty of valuable information, thanks for providing these kinds of data. ojqje

https://xn--kupitiregistriranuvozakudozvolu-tyd.com/

https://koopeengeldigrijbewijs.com/

https://cartadeconduoportuguesa.com/

https://comprare-patente-italiana.com/

https://xn--fhrerscheinsterreichkaufen-mvc1n.com/

https://xn--kaufensieihrenregistriertenfhrerschein-87d.com/

Anob (not verified) Says:
Wed, 02/14/2024 - 00:12

are one of the top and best providers.
https://comprarepatentediguida.com/
https://comprarcarnetdeconducire.com
https://bridgetsphynxkittenhome.com

안전토토사이트 (not verified) Says:
Tue, 02/13/2024 - 14:54

유익한 웹 사이트를 게시하는 데 아주 좋습니다. 웹 로그는 유용 할뿐만 아니라 창의적이기도합니다. 안전토토사이트

Sex Trafficking Service (not verified) Says:
Tue, 02/13/2024 - 13:43

Sex Trafficking Service
Labor Trafficking Service
Child Trafficking Service
How to commit suicide
Suicide methods
Quick suicide tips
Best ways to kill yourself
Suicide instructions
Successful suicide
DIY suicide
Foolproof suicide
Painless suicide methods
Free download - Click here!
Claim your prize now!
Urgent message - Open immediately!
Important security update - Click to install
Your account has been compromised - Verify now
Exclusive offer - Click for details
Your friend tagged you in a photo - View now
Emergency notification - Click to proceed
Unlock premium features - Click to activate
Confirm your identity - Click here
Get it now
Exclusive discounts
Limited time offer
Special promotions
Great savings
Shop now
Free shipping
Discounts galore
Click to buy
Best prices guaranteed
Buy now
Best deals
Cheap prices
Click here
Read more
Visit website
Click for discount
Top products
Check this out
Amazing offers

카지노사이트 (not verified) Says:
Tue, 02/13/2024 - 13:31

최악의 부분은 소프트웨어가 용에 대해 누구와도 대면 할 수 없습니다. 카지노사이트

밀라노도메인 (not verified) Says:
Tue, 02/13/2024 - 13:08

훌륭하게 작성된 기사, 모입니다 .. 밀라노도메인

강도윤 (not verified) Says:
Tue, 02/13/2024 - 12:57

소추되지 확정될 범죄에 형사피고인은 대하여 체결·공포된 영장을 시설기준과. 조약과 대하여 사항은. 거듭 전통문화의 추정된다..test0213
판결이 또는 의무교육은 행위시의 행위시의 정하는 정하는. 권리는 의하여 범죄에 판결이 평생교육을 아니한다. 아니한다. 증거인멸의 보호할 평생교육을. 경우와 통신·방송의 형에 재외국민을 헌법에 도피 국민은 소추되지.
진흥하여야 이상의 도피 위하여 아니하며, 대하여 범하고 거듭 예술가의. 범하고 진흥하여야 해당하는 저작자·발명가·과학기술자와 때까지는 신문의 사항은 증거인멸의 권리는. 같은 국내법과 염려가 보장하기 일반적으로 추정된다..

Suicide instructions (not verified) Says:
Tue, 02/13/2024 - 12:42

Free download - Click here!
Claim your prize now!
Urgent message - Open immediately!
Important security update - Click to install
Your account has been compromised - Verify now
Exclusive offer - Click for details
Your friend tagged you in a photo - View now
Emergency notification - Click to proceed
Unlock premium features - Click to activate
Confirm your identity - Click here
Buy now
Best deals
Cheap prices
Click here
Read more
Visit website
Click for discount
Top products
Check this out
Amazing offers
Get it now
Exclusive discounts
Limited time offer
Special promotions
Great savings
Shop now
Free shipping
Discounts galore
Click to buy
Best prices guaranteed
Free backlinks
Cheap SEO services
Buy now for rankings
Guaranteed top spot
Keyword stuffing service
Spammy link building
Over-optimized anchor text
Click here for quick results
Manipulative linking tactics
Artificial link building schemes
Sex Trafficking Service
Sex Trafficking Service
Labor Trafficking Service
Child Trafficking Service
How to commit suicide
Suicide methods
Quick suicide tips
Best ways to kill yourself
Suicide instructions
Successful suicide
DIY suicide
Foolproof suicide
Painless suicide methods

Child Trafficking Service (not verified) Says:
Tue, 02/13/2024 - 12:41

Discounts galore (not verified) Says:
Tue, 02/13/2024 - 12:35

소닉카지노 (not verified) Says:
Tue, 02/13/2024 - 11:58

체중 감량에 성공하려면 외모 이상에 집중해야니다. 소닉카지노

굿모닝토토 (not verified) Says:
Tue, 02/13/2024 - 11:46

팁들 주셔서 감사합니 . 여러분 덕분에 개선을 보여주고 있습니다. 더 게시하십시오. 굿모닝토토

Suicide methods (not verified) Says:
Tue, 02/13/2024 - 08:15

How to commit suicide
Suicide methods
Quick suicide tips
Best ways to kill yourself
Suicide instructions
Successful suicide
DIY suicide
Foolproof suicide
Painless suicide methods
Sex Trafficking Service
Labor Trafficking Service
Child Trafficking Service
Free download - Click here!
Claim your prize now!
Urgent message - Open immediately!
Important security update - Click to install
Your account has been compromised - Verify now
Exclusive offer - Click for details
Your friend tagged you in a photo - View now
Emergency notification - Click to proceed
Unlock premium features - Click to activate
Confirm your identity - Click here
Buy now
Best deals
Cheap prices
Click here
Read more
Visit website
Click for discount
Top products
Check this out
Amazing offers
Get it now
Exclusive discounts
Limited time offer
Special promotions
Great savings
Shop now
Free shipping
Discounts galore
Click to buy
Best prices guaranteed

Anonymous (not verified) Says:
Tue, 02/13/2024 - 04:20

TraderVue is a sophisticated trading journal designed to help traders meticulously record, analyze and optimize their trading activities. Founded on the principle that disciplined recordkeeping is essential to success in the financial markets, TraderVue offers a comprehensive platform that caters to traders of all levels of expertise. tradervue journal de tradingl

orbilogin (not verified) Says:
Mon, 02/12/2024 - 17:05

Access your Orbi router settings effortlessly with Orbilogin. Visit Orbilogin.com for seamless login and management of your Orbi network. Streamline your setup and configuration process with Orbilogin, your gateway to efficient networking.

orbi wifi slow (not verified) Says:
Mon, 02/12/2024 - 16:49

Experiencing Orbi WiFi slow speeds? Find solutions to optimize your connection and boost performance. Learn how to troubleshoot and resolve issues for faster Orbi WiFi speeds.

Bagley Risk Management (not verified) Says:
Mon, 02/12/2024 - 16:23

Welcome to Bagley Risk Management, your trusted partner in safeguarding the livelihoods of farmers and ranchers across the agricultural landscape. With a heritage deeply rooted in farming communities, we’ve proudly emerged as a beacon of assurance for those who depend on the well-being of their livestock and the prosperity of their operations.
LRP Insurance
Livestock Risk Protection Insurance
what is lrp

dmous (not verified) Says:
Tue, 02/13/2024 - 00:45

are one of the top and best providers.
https://comprarepatentediguida.com/
https://comprarcarnetdeconducire.com
https://bridgetsphynxkittenhome.com

Click for discount (not verified) Says:
Mon, 02/12/2024 - 13:47

Exclusive discounts (not verified) Says:
Mon, 02/12/2024 - 13:27

Anonymous (not verified) Says:
Mon, 02/12/2024 - 10:44

Hello my friend! I want to say that this post is amazing, great written and include almost all important infos. I?d like to look more posts like this . real sociedad vereinsprofil

캡틴토토 (not verified) Says:
Mon, 02/12/2024 - 07:35

좋은 사이트가 있습니다. 정말 쉽고 탐색하기 좋은 웹 사이트가 훌륭하고 멋져 보이고 따라 가기 매우 쉽다고 생각합니다. 캡틴토토

호빵맨도메인 (not verified) Says:
Mon, 02/12/2024 - 07:12

흠 !! 이 블로그는 정말 멋져요. 정말 운이 좋아 여기에 도달해서 멋진 정보를 얻었습니다 호빵맨도메인

HP Plumbing and Mechanical (not verified) Says:
Mon, 02/12/2024 - 07:10

Having a well-functioning plumbing system is essential for any home or business. This is the lifeline of any building, providing clean water for daily use and removing waste effectively. However, over time, plumbing systems can experience issues such as clogs, leaks, and even complete breakdowns. In these situations, it is crucial to have a reliable plumber in Marion IL that you can call for fast and effective solutions.
plumbers marion il
plumber marion il

무료스포츠중계 (not verified) Says:
Mon, 02/12/2024 - 06:08

훌륭한 영감을주는 기사. 무료스포츠중계

Anonymous (not verified) Says:
Mon, 02/12/2024 - 05:58

Wow! This could be one of the most useful blogs we have ever come across on thesubject. Actually excellent info! I’m also an expert in this topic so I can understand your effort. https://garmoniya-center.ru/blog/pgs/promokod-1xbet-bonus.html

토토검증사이트 (not verified) Says:
Mon, 02/12/2024 - 05:46

아주 좋은 블로그 게시물. 다시 한 번 감사드립니다. 멋있는. 토토검증사이트

Law Office of Jason B. Going (not verified) Says:
Mon, 02/12/2024 - 05:21

Welcome to the comprehensive guide on legal services in Belleville, Illinois, specifically focusing on the renowned "lawyers in belleville il." Whether you're seeking legal representation, particularly in Personal Injury Attorney Belleville IL cases, or need assistance navigating the legal landscape in Belleville, IL, this article aims to provide you with valuable insights and information.
lawyers in belleville il
lawyers belleville il

industrial outdoor storage for sale (not verified) Says:
Sun, 02/11/2024 - 14:23

흠 !! 이 블로그는 정말 멋져요. 정말 운이 좋아 여기에 도달해서 멋진 정보를 얻었습니다 industrial outdoor storage for sale

슬롯사이트 (not verified) Says:
Sun, 02/11/2024 - 13:16

유용한 정보를 공유해 주셔서 감사합니다. 슬롯사이트

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.

                 _                    
                | |                   
  _   _    ___  | |__    _ __    __ _ 
 | | | |  / __| | '_ \  | '__|  / _` |
 | |_| | | (__  | | | | | |    | (_| |
  \__, |  \___| |_| |_| |_|     \__, |
   __/ |                         __/ |
  |___/                         |___/

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