What is a Sinking Fund?
OMC's - Block Management - Multi unit
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.
For more information on the work we do with Owner’s Management Companies, click here.
Add €18,375
to the Sale Price of Your South County Dublin Home
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“
– 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
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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