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Management Companies vs Residents

  • 11-07-2006 3:37pm
    #1
    obrien_pa
    Closed Accounts Posts: 81 ✭✭


    I've got a general query re: resident's rights and the operation of management companies in an apartment complex in Dublin 11.

    The management company for my apartment has recently been looking for the payment of service/management charges for the year 2006/07 - this is despite the fact that no Annual General Meeting has ever haven taken place since the apartments were built in early/mid 2004. They have threatened that insurance for the apartment block will not be paid and that the company will be forced to go into liquidation if sufficient funds are not paid immediately.

    Unfortunately, the residents have been given no indication as to how their previous 2 years of service charge payments were spent, and therefore are reluctant to pay up 'blindly' again. To date, complaints have arisen about lack of maintenance, permanently broken car-park gates, lack of communication from the management company when complaints are made etc.

    The crux of the matter is that if the management company go into liquidation or the board of directors of the company resign, the residents will have literally thrown their money away - but if they don't pay up, the apartments will be uninsured?:mad:

    Anybody encountered similar problems and possibly found a solution to them?


Comments

  • #2
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    obrien_pa wrote:
    The crux of the matter is that if the management company go into liquidation or the board of directors of the company resign, the residents will have literally thrown their money away - but if they don't pay up, the apartments will be uninsured?:mad:

    Anybody encountered similar problems and possibly found a solution to them?

    The residents (owners) are shareholders so go to the meeting and vote

    The company can be "struck on" again if necessary .


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