Launch of Consultation Paper on Multi-Unit Developments
From LRC website:
"The Law Reform Commission’s Consultation Paper on Multi-Unit Developments has been launched by the Tanaiste and Minister for Justice, Equality & Law Reform, Michael McDowell TD. This Consultation Paper on Multi-Unit Developments deals with the law relating to apartments and other residential multi-unit developments. The Consultation Paper forms part of the Commission’s research work under its Second Programme of Law Reform 2000-2007. It also comes against a wider background of the general debate on the need for the regulation of the multi-unit development sector, which includes the publication of reports by the National Consumer Agency and the Auctioneer/Estate Agency Review Group in recent times.
"One of the striking features of housing in Ireland in the past decade is the huge rise in the number of residential multi-unit developments. The ownership structures of these developments are markedly different from more ‘traditional housing’; in multi-unit developments, the unit owners collectively comprise the membership of a management company which owns the structure of the development as a whole. An estimated 500,000 people now live in apartment blocks and similar developments, the design of which necessarily requires a high degree of interdependence between residents. The growth of the multi-unit development sector has not, however, been accompanied by corresponding progress in the law surrounding such developments. The Commission has proposed a number of provisional recommendations in relation to the sector.
Press Release: http://tinyurl.com/y5kbt2
Full report: http://tinyurl.com/yysbl6