Batt O'Keeffe (Cork South Central, Fianna Fail)

Insofar as abuses of the sort referred to, involving developer-controlled companies, may exist this is likely to arise from the developer retaining some units in a development and, as a result, maintaining control of the management company which should properly transfer to the owners of apartments soon after the development is completed. The resolution of management problems should be largely in the hands of the homeowners via the management companies of which they are members. However, a source of problems at present seems to be the manner in which developers can retain effective control of management companies indefinitely. This seems to derive from the fact that standard conveyancing practice and company law provisions allow for developers' nominees on management companies to outvote owners if the developer retains a single unit in the development.

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