Management company ask for money

elizunia87

Hey Guys
My mother in law ownes tiny apt 1 bedroom in Dublin 8. She pays 1750€ which is huge amount and it went up last year ( last year was 1200€!). Her and other owners received invoices for 4000€ each. They said it is for electeical repairs. Thats a huge amount! Please advice if management company can request additional money on the top of almost 2k management fee. Should we go to lawyers?
Thank you in advance.

CIARAN_BOYLE

First of all your mother in law is the management company.

Your mother in law is a member of the management company and is entitled to participate in these decisions through agm or egm.

She may not bother attending these meetings but that doesn't mean they don't happen.

If the bills is a huge and unfair amount its because the management company is wasting money. Again she has the right to participate in these decisions.

If issues arise that need fixing the management company can of course ask for more money. It probably needs approval at an agm or egm (which she could have participated in).

The last thing you should do is involve the lawyers. Its basically seeing yourself and paying both sets of legal fees.

I'm aware of a management company 10 owners. One owner wasn't happy with a 3k arrears. He brought it through the courts. Legal actions everything. He lost and pay the 3k invoice. The company had to pay 35k legal fees (his share was 3.5k as a part of the management company) and he had to pay his own legal fees as well.

Peregrinus

Somebody needs to look at the affairs of the management company to see how this state of affairs has arisen. Either something very unforeseen has occurred resulting in an immediate need for signficantly increased expenditure, or the management company has failed to make proper provision for some foreseeable need - e.g. the lifts need to be replaced, and the management company has failed over previous years to build up a reserve to cover this.

Either way, your MiL is well-positioned to find out what the position is by getting past years accounts and reports of the management company (which she is entitled to as a member) and by getting them looked at by someone who knows about property management (who doesn't have to be a solicitor).

Paying the money will be very unpleasant, but of course not paying it may also be unpleasant if the result is that the lifts cease to work, or the roof degrades and leaks but cannot be replaced. So she needs to know what this money is for, and what will happen if the management company decides or is forced to change its mind and not collect it.

Time enough for lawyers when she understands the issues. Start by finding out the practical issues.

elizunia87

So nothing we can do, just pay? ;(


Thank you so much All.

Eliza

Mrs OBumble

elizunia87 wrote: »

So nothing we can do, just pay? ;(


Thank you so much All.

Eliza

That's not what they said at all.

Did your MiL read the minutes of her last management company meeting? If not, she needs to find them and read them now. What was in them? How has the bill arisen?

These questions need to be answered before she can decide what to do.

Potentially the managing agent is making a balls-up of something, and the members of the management company may have other options. But maybe they aren't / don't.

Del2005

Mrs OBumble wrote: »

That's not what they said at all.

Did your MiL read the minutes of her last management company meeting? If not, she needs to find them and read them now. What was in them? How has the bill arisen?

These questions need to be answered before she can decide what to do.

Potentially the managing agent is making a balls-up of something, and the members of the management company may have other options. But maybe they aren't / don't.

What other options are there for an OMC to fix electrical issues that doesn't require money? The OMC may have been ran badly but the bill was voted for at an AGM/EGM and needs to be paid, the time to question it was at the meeting not when the bill for repairs drops.