Seanad debates

Wednesday, 10 March 2010

Multi-Unit Developments Bill 2009: Committee Stage

 

4:00 pm

Photo of Dermot AhernDermot Ahern (Louth, Fianna Fail)

It is better if the decision on a sinking fund contribution is left to the owners rather than putting the matter into the hands of a professional surveyor. If they want to use the services of a surveyor, they are free to do so. I am conscious some owners may have a difficulty in paying high contributions, especially first-time buyers. The legislation tries to encourage the owners to take an active role in managing the development and I would prefer to leave the decision to them.

With regard to the threshold of €200, given the inclusion of traditional housing developments under the legislation, it may be that the sum is excessive for some developments. We will examine providing more flexibility on the figure between now and Report Stage or before the Bill is taken in the Dáil.

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