🕓 0 minutes, 32 seconds | 784 views
The Multi-Unit Development Act 2011 (MUD Act) enables apartment owners to take control of common areas and the management of the complex for the benefit of all residents.
The Act requires that before a developer sells any units:
– An owners bmanagement company (OMC) must be set up
– The common areas of the development must be transferred to the OMC
A multi-unit development is made up of at least 5 residential units that share company facilities and services. Most multi-unit developments are apartment blocks, but groups of houses that share common facilities can also be an OMC.
Arrange your Free Property Valuation if you are selling
If you’re looking for a free professional house valuation to help you make an informed property decision, our dedicated team of valuation experts have over thirty years’ experience of selling commercial and residential property in Dublin and North Wicklow and their extensive local knowledge can point you in the right direction.
Tell us why you are here…
…so we can tailor the website to your needs.