Back to site

©2023. All rights reserved.
Crafted by 4Property.

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.

For more information on the work we do with Owner’s Management Companies, click here.

What is Your Home
Really Worth?

Get a Free Property Valuation If You Are Thinking of Selling.

"*" indicates required fields

Name*
Hidden
Hidden
Hidden
This field is for validation purposes and should be left unchanged.

By sending this message, you agree to our privacy and cookie policy

Our dedicated team of valuation experts have over thirty years of experience selling commercial and residential property in Dublin and North Wicklow, and their extensive local knowledge can point you in the right direction.

There is No Obligation to Engage Our Services Once You Receive the Valuation.

Privacy Policy

Pagespeed Optimization by Lighthouse.

Tell us why you are here, so we can tailor the website to your needs.