neighbours.ie

[Stupid Boy]

Folks,

Just been reading through a few of the most active forums on the messageboard...

There is a serious misunderstanding between the management company and managing agents for first time buyers..

One such instance was quite funny re: an agent and refuse charges... the individual felt that the managing agents were claiming their refuse charges on their apartment... despite the fact the individual would have to submit their own tax certificate in order to claim the relief... off course the individual wanted the agent to be sacked over this!

Another general misconception is that the managing agent pocket anything that isn't spent in the budget such as AGM room hire... without actually understanding that everything is placed into the reserve / sinking fund.

I think the actual forum itself provides some great pointers on the development but individuals who dont understand the service are misusing it and ultimately affecting the capital values in the development.

 

[AKA]

I'd agree - agent vs company is a common misconception.

We have found that the budgets provided by our agent is unrealistic and work budgeted for is not carried out.

In relation to the sinking fund - the agent should look after this. Should the management company have details of the bank account so we can check the agent is transferring the money to the account on a yearly basis?