Search results

Our management fees are due by the end of May annually. As one of the directors, I want to propose a 3 month extension to soften the blow for those who may be financially hit by this crisis. This will not affect our ability to pay our immediate debts. Just wondering what others think of the...

I have been requested to provide the constitution of our management company as part of MUD act requstions for a sale. I thought they were referring to the memorandum and articles of association but they are not. I've done a search here but it hasn't come up. A google search comes up with: "The...

To update on this, at the recent AGM a small raise in fees was agreed. The smaller apartments will go from €400 to €420 per annum and the larger units from €600 to €640. Only one attendee voted against. There are only 16 units, 8 small and 8 large so an extra €480 will go in the pot. Sounds...

I have great tenants who I had an excellent relationship with moving out of a rental property. When they gave me notice, one of them asked could his sister move in for a couple of months when they move out. This is because of a delayed house purchase or something to that effect. As these are...

Sorry yes it was a complete renovation of an existing bathroom.

We paid €5000 putting in a new bathroom in a rental property last year. All the kit (tiles, bath, shower, sink etc) we ordered from the UK. A local tradesman did all the work. As I'm filling in a form 11 soon, is there sanything deductible here? Many thanks.

Service fee apportionment is stipulated in the primary lease. The upper duplexes are nearly twice the size by area so they pay more. Some ground floor owners believe they should pay more than they do, as the balconies are also for their use mainly, but it's just a gripe.

Increase in insurance has been €300 (and is holding at that) so yes it would cover it. Raising fees by €150 per annum would be unlikely to pass a vote.

I am unable to say that, for example, by the year 2025 we will need say 30 grand. All I can really say is the fees have never gone up and we have to build that sinking fund higher. I'd be thinking of proposing the duplexes go from €600 to €650 and ground floors from €400 to €450 per annum. This...

I’ll start with some facts. Small apartment development of 16 units. 8 ground floor apartments paying €400 per annum. 8 upper duplexes paying €600. Total fees to mgmt company of €8000 per annum. Annual block insurance €3000 (has been rising). Repairs and maintenance averages about €1500 per...

I persist with it to keep others away from it. My biggest fear is letting an incompetent person have control over arranging contracts and managing money. I've seen the damage these people can do.

Definitely a third and may even propose 4.

Update: from our memorandum and articles of association: “The company may from time to time by ordinary resolution increase or reduce the number of Directors, and may also determine in what rotation the increased or reduced number is to go out of office”. Bingo.

I don't know to be honest. But say there is no mention of it in either of them, can the status quo be changed by majority vote?

As a co-director in a small OMC, my relationship with the other director is deteriorating for a variety of reasons. We're just not seeing eye to eye. I was thinking of proposing an additional director at the AGM...in that way we can make decisions based on majority. Does this sound feasible?

The wedge of land is a small area at the back of the development that lies between apartment common area fencing and the estate boundary. The OMC believe it should constitute a common area. The area could be cleared up, and a pathway laid down. This would allow units with gardens at the rear to...

The common areas have not yet been transferred. The Land registry shows the little strip of land belongs to the builder. His son who is also an owner occupier is now saying it will be transferred to him, not the OMC. The rest of us have a big problem with this and are determined not to allow it...

There is a small wedge of land between the rear communal fence of an apartment block and the estate boundary. It is overgrown and unused. The only people who go back there are painters really, as the fences are wooden and they get treated every few years. Now this wedge is causing friction...

I prefer not to commit monthly to an AVC payment, instead see what I can afford before the deadline for tax returns, and lodge what I can then.

Just to clarify, when I say lump sum I meant from my own bank account just before the end of the tax year, nothing to do with payroll. Does that change anything?