Multi-Unit Developments Act and the implications for Property Management Companies
The Multi-Unit Developments Act 2011 came into effect on 1 April 2011. It regulates the ownership and management of the common areas of multi-unit developments, and provides for the setting up of owners’ management companies to manage such areas.
A multi-unit development is a development in which there are at least 5 residential units and the units share facilities, amenities and services.
Most multi-unit developments are apartment blocks, but the Act also covers groups of houses that share common facilities.
The Act provides that an owners’ management company must be set up, and the common areas of the development in existence at the time this Act came into force, transferred to it before the developer sells any units.
For developments where one or more units had already been sold, the developer should have transferred ownership of the common areas to the management company by 30 September 2011.
If you are a director/member of a management company and require further information on this or any other matters please contact us at 01-7998300 or email