Our recent presentation to the Joint Oireachtas Committee got some good coverage in the media.
See the links below for more
Irish Times : Problems with apartment sector could be a ‘time bomb’ for taxpayer
RTE News – Regulation needed in apartment sector – Owners’ Network
Our Written Statement to the Oireachtas Committee is available at the link below.
AON JOCHPLG Statement 2018-04-19
The latest issue of the Law Society Gazette is available. Some of you might find it of interest to browse through so we’re sharing it here. It’s available at the link below for those who might be interested.
LS Gazette July 2017
Published on: Mar 14, 2013
The phrase equitable receiver is one that we’ve mentions a few times when we’ve discussed debt collection. It is a way for management companies to get the rent being paid by tenants to landlords who have large amounts of service charges outstanding. The company ask the court to appoint them as equitable receivers which means the rent is paid to the management company instead of the owner.
This process made the news today when Waterside OMC followed this process and were appointed as receivers to the five apartments owned by Brendan Kelly over a debt of almost €30,000.
However the owner is claiming in a appeal to the High Court that this is unfair because he is unable to use the rent to pay the mortgage on the properties. You can read (a little) more about it on the Independent website .