even under this NO LIABILITY till common areas transferred .. are they ?Re interest rate, take a look at the lease, here is an example
View attachment 6936
Current interest rate for a personal overdraft in AIB is 11.85%
even under this NO LIABILITY till common areas transferred .. are they ?Re interest rate, take a look at the lease, here is an example
View attachment 6936
Current interest rate for a personal overdraft in AIB is 11.85%
Thanks for all your input. I would fully agree with you now in hindsight. I’d go so far as to say that it should be mandatory for a PIA because there is so much at stakeMPH is now dissolved and that move thing a great deal forward for me as a home owner but i hope u dont mind me saying this but it seem to me that home owner entering these pia agreement .. shld be taking LEGAL ADVISE. If owner member of an omc invested in common fund may be nest one u ever made. .. besst investment.
Hello thanks again for the advice. I’ll definitely look more into that when I have all the information at handIf u keep getting billed U may have to consider going to court .. application under S24 MUD Act to C Court to determine if the service charge u are being billed with was set in accord with MUD Act and C Act. The liquidator / accountants dont interpert law. They assume OMC well within it power to set s charge and accept or decline participating in a pia scheme. They dont look behind veil. That member job .. it also members property and member wallets. Good luck.
But thanks anyway because you are opening my eyes to the legislation and I can go back and check the legality of every service charge. I cannot remember the last time I was invited to the AGMall u need do is, get on to land reg give your address and ascertain if common areas transferred to omc and if so folio number of not no liability for service charges until three years after they have, been transferred to omc. Thus, is, act and public record that grant Thornton on notice of also. In other words pip who were paid ought to have written to omc board it is one of the debts a pip deals with advising board of section eighteen of the mud act and to furnish evidence of compliance with it commencing with note of folio number contain common areas or in absence of that letter confirming no liability for service charge in accord with act. If grant Thornton have not done that to date sure they can do it.
I am a solicitor retired owner of house in a mud estate who issued and served circuit court proceedings under the mud act on Manor Park Homebuilders Limited and receiver for the simple reason that neither receiver or fingal co co wld maintain c 11 acres of lands .. so it was us or them We know the 11 acres include the public open spaces and common areas to be maintained by the man co.But thanks anyway because you are opening my eyes to the legislation and I can go back and check the legality of every service charge. I cannot remember the last time I was invited to the AGM
Hello thanks for all your information. I’m not being obtuse at the moment it’s just fighting fires and bit by bit I’m getting to deal now with the management company. You’ve certainly given me the direction I can focus on and I appreciate all your advice. I have finally got Grant Thornton to admit their mistake so now that that has happened I can look at the legitimacy of the management fees... the question I need to decide is my best bet pursuing Grant Thornton to rectify the situation or do all the legwork myself to invalidate the management fees.Fastmover u started conversation looking for help and complaining about the grant thornton and that u were so sure that the service charges were part of the insolvency agreement u signed but u are getting bill for service charges with interest etc up to 44 thousand euro. U have S18.6 of MUD Act. Your choice no one else can do it for u .. PAY or get land reg search and ascertain if common areas transferred to the omc. Cost of a tel call . Good luck
Hello I have done land registry searches and all I see are transfer of apartments to different people I don’t see any mention of it being transferred to the OMC. I can see in the building folio it has been transferred but land registry just told me the owner of the common area is still the developer. Sorry that was my mistake I missed part two of the folio which shows that the developer is still the registered owner of the common areaRepeat if common areas not transferred to OMC then OMC cant levy under S18.6 until three years after they have been transferred. Insuring common areas may be an issue if common areas not transferred that would need to be thrashed out at meeting of members but again the land registry search results for if common areas transferred then service charge may well be all in order. But if not then it may be agreed to fund cost of insurance and accounts but no liability at all for service charge. If solicitor for a vendor cant confirm compliance with pp (that cert of tic form local authority) then that affect the price a apt will get. That land reg search and cert of tic form local authority will give u a clearer idea of where u and other apt owner stand. There are steps under planning acts that allows residents initiate the TIC process probably on your own local authority website.