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Management Company Question

  • 25-08-2010 3:42pm
    #1
    sellerbarry
    Closed Accounts Posts: 776 ✭✭✭


    I'll make this short and sweet. Has a management company the right to hand everyone in our apts/house scheme a list with how much everyone owes every six months or so? Bit sick of hearing neighbours talking about one another around here about who owes what. I really don't think it's right. Your bill with a company is supposed to be private i would have thought? Thanks in advance.


Comments

  • #2
    McCrack
    Registered Users, Registered Users 2 Posts: 2,991 ✭✭✭McCrack


    Are you and the other owner/residents shareholders of the management co.?


  • #3
    sellerbarry
    Closed Accounts Posts: 776 ✭✭✭sellerbarry


    No.


  • #4
    johnciall
    Registered Users, Registered Users 2 Posts: 445 ✭✭johnciall


    I would imagine their may be an issue with the Data Protection Act


  • #5
    Paulw
    Registered Users, Registered Users 2 Posts: 13,381 ✭✭✭✭Paulw


    sellerbarry wrote: »
    Has a management company the right to hand everyone in our apts/house scheme a list with how much everyone owes every six months or so?

    Each member of the management company (shareholder) is entitled to a breakdown of accounts, which would also include fees owed. They are also entitled to a list of company shareholders (members).

    So, when you combine those two rights, yes, the management company can send around a list of outstanding fees and who owes the fees.

    But, this may depend on the articles of association of your management company and specific details within your Lease Contract.


  • #6
    sellerbarry
    Closed Accounts Posts: 776 ✭✭✭sellerbarry


    So, They are entitled to tell everyone exactly how much each other owes, even though we are not shareholders?. Strange. In that case, what's next? the esb/upc etc? Surely our rights are being breached.?


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  • #7
    Paulw
    Registered Users, Registered Users 2 Posts: 13,381 ✭✭✭✭Paulw


    sellerbarry wrote: »
    So, They are entitled to tell everyone exactly how much each other owes, even though we are not shareholders?. Strange. In that case, what's next? the esb/upc etc?

    They should only be sending the information to the unit owners, who are shareholders/members of the management company.

    ESB/UPC, etc can't do the same, since it's a totally different situation and their clients are not members of the company.


  • #8
    sellerbarry
    Closed Accounts Posts: 776 ✭✭✭sellerbarry


    Paulw wrote: »
    They should only be sending the information to the unit owners, who are shareholders/members of the management company.

    ESB/UPC, etc can't do the same, since it's a totally different situation and their clients are not members of the company.
    ok. thx Paul.;)


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