Caít Keane (Fine Gael)
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I am concerned about private developments which are not to be taken in charge and which are currently covered under the Multi-Unit Developments Act and also circumstances where developers' interests have been taken over by NAMA and where there is no bond and where there is nothing left. Some residents took out insurance with development management companies and a week prior to this being up they receive notification to apply for renewal. If there is not a proper development management company in place, some people do not receive such notification and their insurance lapses. Will what is proposed in respect of taking estates in charge assist individuals in such circumstances? Proper management companies should be in place in respect of all developments. This matter has been allowed to fall between two stools as a result of developers going bust. Management companies, under the Multi-Unit Developments Act, are trying to clean up the mess but they are unable to do so as a result of a lack of bonds or whatever. How is this matter going to be dealt with?