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Management Company handed to council

  • 10-08-2017 11:09pm
    #1
    sunrainmooncl
    Banned (with Prison Access) Posts: 72 ✭✭


    Is it normal for the management company of a estate (apartments, duplexes, houses and common gardens) to be handed over to the county council after all the properties are sold?

    Is there advantages or disadvantages to this?


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,647 ✭✭✭✭Victor


    It's unlikely that the council would accept it, unless they owned all the properties. Councils don't want to have a responsibility for things like block insurance.

    It might be possible to split out the houses from the OMC.


  • #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Its called 'taking an estate in charge'.
    Without exception- its highly unlikely to happen if/when there are apartments or duplexes/townhouses with apartments underneath.
    Its almost impossible for a gated community or one which runs allocated parking etc.

    It would involve the entirety of the developments being handed over to the council who would then be responsible for lighting, parking, the upkeep of open areas etc etc.

    Seeing as refuse, building insurance etc etc- would still have to be paid separately- while there is an element of the every day running of the complex that would be done by the council- you'd loose things like designated parking- the whole complex would be open to the public, and you'd still have to pay for insurance etc.

    So- all-in-all, you'd just end up with a smaller management company- with some of its every day duties now done by the council, and some not- but you'd not be guaranteed the right to park outside your property any longer etc etc


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