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MULTI - UNIT DEVELOPMENT

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MULTI - UNIT DEVELOPMENT

GROUP STUDY SEMINAR - DURATION 1 HOUR - Presented By: Roisin Liddy B.L. The Multi-Unit Development Act 2011 came into force on the 1st of April 2011. The Act provides a statutory framework for multi-unit developments and for the governance of the property management companies relating to these developments. This presentation provides an overview of the legislation that has been implemented concerning multi-unit developments. Its aim is to look at the provisions as set out in the Act and to assess the duties and obligations that are now imposed on multi-unit developers following the long awaited implementation of this key piece of legislation. The topics covered will include: • The obligations of multi-unit developers. • Transfer of common areas. • New voting right. • Statutory requirements involving owner management companies. • Necessity in the establishment of sinking funds.



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