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What is a Sinking Fund?

Lots of Euro notes which relates to The Land Registry Fee
What is a Sinking Fund?

After transferring the ownership of the development from the developer’s to the management company, the OMC must establish a sinking fund within 3 years. This fund is used for non-recurring maintenance and refurbishment in the multi-unit development. The fund is comprised of the contributions made by the unit owners to the fund annually. The MUD Act 2011 stipulates that the minimum amount to be contributed to the fund each year is €200, or alternatively, an amount which the members of the OMC have agreed to. All monies kept for the fund must be held in a separate account than the management company’s primary account.

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Phil Thompson

Phil Thompson, Sales Director

A ‘Home Value Maximization Framework‘ is the most effective way to get the best price for your home in 2024

What Phil’s happy customers say …

“…which literally added tens of thousands to the price achieved


We achieved a sale price far in excess of what we expected


“… helping us achieve the best possible result for the sale


Let our Sales Director Phil Thompson show you how he deploys his high-performing framework to boost the sale price of your home in just a 10-minute phone call.  

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