Buyers, OMC's - Block Management - Multi unit
In Ireland, common areas in a multi-unit development are managed by an Owner Management Company (OMC). This is a company established to own, manage, and maintain the common areas for the benefit of all unit owners. When you purchase a unit, you typically become a member of the OMC.
The OMC is responsible for organising insurance, maintenance, repairs, and ensuring compliance with relevant legislation, such as the Multi-Unit Developments Act 2011. Many OMCs appoint a Property Management Agent to assist with day-to-day operations.
Examples of common areas include:
Proper management of these areas helps protect the value of the development and ensures a safe, well-maintained living environment for all resident