R
robert emmet
Guest
Hi,
We moved into a house over two years ago. The estate is run by a management company. All residents who bought property had to pay the management fee up for the first year. We received the accounts for the first year recently and we are operating at a loss of several thousand after year one. There was no major work carried out by the management agent that would have lead to a loss. But the developer has only made a contribution of over €2,500 in the 1st year. even though the value of the fees for the unsold units was over €15,000. Not all new owner paid a full fee in the first year as they moved in at different stages during during the year. And only paid a proportion of the fee depending on when they moved in. The remainder of the fee was allocated towards the following years fee. There is another shortfall due to this of nearly €13,000 in the first year.
Has the developer/builder any legal obligation to pay the fee for unsold units?
Has the developer/builder and legal obligation to pay the remaining proportion of the fee for the first year. e.g if they fee for the year was €1,000 and the new owner only moved in after 6 months and paid €500 towards the first year. Does the builder pay the other €500
Thanks
RE
We moved into a house over two years ago. The estate is run by a management company. All residents who bought property had to pay the management fee up for the first year. We received the accounts for the first year recently and we are operating at a loss of several thousand after year one. There was no major work carried out by the management agent that would have lead to a loss. But the developer has only made a contribution of over €2,500 in the 1st year. even though the value of the fees for the unsold units was over €15,000. Not all new owner paid a full fee in the first year as they moved in at different stages during during the year. And only paid a proportion of the fee depending on when they moved in. The remainder of the fee was allocated towards the following years fee. There is another shortfall due to this of nearly €13,000 in the first year.
Has the developer/builder any legal obligation to pay the fee for unsold units?
Has the developer/builder and legal obligation to pay the remaining proportion of the fee for the first year. e.g if they fee for the year was €1,000 and the new owner only moved in after 6 months and paid €500 towards the first year. Does the builder pay the other €500
Thanks
RE