Published on: Sep 30, 2011
Tomorrow is a critical day for the estimated half-million people living in apartment complexes, many of which have sprung up over the past 15 years. It is the date set by the Multi-Unit Developments Act (Mud), signed into law last January, for developers to finally hand over ownership of all the common areas of apartment complexes/ private housing estates and also the land on which the apartment buildings are built to owners.
From now on, no apartment in a new development may be sold unless the common areas have first been transferred to the owners’ management company (OMC).
You can read the rest of the article including a piece about Deirdre, Chair of the Apartment Owners Network, on the Irish Times website.