Experience with the MUD Act

Diceicle

We're in the process of selling. Our current property is in a managed estate.
In order to release the MUD documentation to progress the sale, my management company is looking for close to €500 for the privilege of receiving these documents.
Has anyone got a way around this or has successfully argued why they shouldn't pay this fee?

The Multi-Unit Developments Act 2011 regulates the ownership and management of the common areas of multi-unit developments. The Act provides that before a developer sells any units:

An owners' management company must be set up, and
The common areas of the development must be transferred to the owners' management company to manage
A multi-unit development is a development in which there are at least 5 residential units and the units share facilities, amenities and services. In practice, the majority of multi-unit developments are apartment blocks, but the Act also covers groups of houses that share common facilities and have an owners’ management company. In addition, the Act provides for some rules in relation to developments with between 2 and 4 residential units and it applies to mixed commercial and residential developments to a certain extent.

Baby01032012

A fee is standard 500 may be a little high but it’s stabdard policy across all managing agents. I presume you mean agent not OMC unless it manages the development itself.

For the 500 there is a bit of work for the managing agent to do as well as liaises with the solicitor for the development on some of the queries.

Dolbhad

As other poster said, there is a lot of pre contract queries management company need to answer and documents to provide including management company accounts etc. You can’t sell the property without this information so you just have to pay the fee. €500 is a bit on the high side I’ll admit but you won’t get around it.