Seanad debates
Wednesday, 10 March 2010
Multi-Unit Developments Bill 2009: Committee Stage
4:00 pm
Ivana Bacik (Independent)
There is no obligation on the developer to pay a contribution to the sinking fund. Will the Minister comment on this? I did not draft an amendment in this regard but other Members and I received an e-mail from property management personnel on the matter. The owner of each unit, including the developer or building contractor, is obliged to pay service charges but there is no obligation on the developer to pay a contribution to the sinking fund. If I am correct about this, why is that so?
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