The developer’s responsibilities in a multi-unit handover.
OMC's - Block Management - Multi unit
When handing over a multi- unit development, the developer is responsible for the following:
– An owners’ management company must be established
– At the developer’s expense, they must transfer the common areas of the development to the owners’ management company
– A contract between the owners’ management company and the developer must be created to outline the responsibilities of each party. This contract should focus on issues such as compliance with statutory requirements, completion of the common areas (for which the developer remains responsible), retention money (to ensure that the developer completes the project, usually money is retained by the company) and dispute resolution. (The owners’ management company is required to have separate legal representation in the negotiation of the contract.).
– A certificate under the Building Control Acts should be supplied by a qualified person regarding compliance with fire safety in the development. The
Multi-Unit Developments Act 2011 (Section 3) (Prescribed Persons) Regulations 2011 states that qualified people can be: architects, building surveyors or chartered engineers.
Phil Thompson, Sales Director.
I get asked by South County Dublin Home Sellers how to get the best price for their home all the time!
So, if you are struggling to know what your home could achieve in the market right now and would like some clarity, fill out the form below for a 10-minute call.
What Phil’s happy customers say …
“…which literally added tens of thousands to the price achieved“
– RICHARD CULLEN
“We achieved a sale price far in excess of what we expected“
– CIAN O’HERLIHY
“… helping us achieve the best possible result for the sale“
– JOSEPH CADDEN
There is no obligation to engage our services once you receive your phone property consultation from Phil
"*" indicates required fields
By submitting this form you agree to our privacy and cookie policy
Pagespeed Optimization by Lighthouse.
