Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Drominbeg, Rhebogue, Limerick

  • 03-02-2015 2:17pm
    #1
    ZigZag1234
    Registered Users, Registered Users 2 Posts: 5 ✭


    Hi All,

    My partner and I are looking at buying a property in the above area. However, we have heard that there are issues with the management company and the matter is being taken to court. Apparently some of the residents paid and some didn't.

    Can anyone tell me if we will then have to get involved with the court case if we buy a property there? If the owner of the property is actually entitled to sell it given it's involved with a legal case and if there are any other issues we should be looking out for?

    Thanks in advance.


Comments

  • #2
    Caithlin Drew
    Registered Users, Registered Users 2 Posts: 3 ✭Caithlin Drew


    Hi ZigZag

    Sorry i know nothing about the property but I do know the law in this area - the management company will have to complete a "set of requisitions" answer questions about the property before your solicitor will let you sign contracts. If management fees are not paid the management company will not complete the required requisitions.

    If that is the case the seller/vendor will have to pay the management fees or the seller's/vendor's solicitor will give an undertaking to the management company that they will pay the management fees out of the proceeds of the sale - and the management company will then complete the necessary requisitions.

    You solicitor will advise you on all this. If there are problems with the management company and the management accounts - a property can be unsell-able to anyone applying for a mortgage (unless a cash buyer agrees to receiving a substantial discount on the asking price.)

    C


Advertisement