Seanad debates
Wednesday, 10 March 2010
Multi-Unit Developments Bill 2009: Committee Stage
4:00 pm
Dermot Ahern (Louth, Fianna Fail)
If the developer is exiting the development, I cannot see why he would be liable to pay into the sinking fund. Perhaps I am misunderstanding the Senator. This may, in turn, mean the price of each unit could increase because if the developer was required to pay into a sinking fund, he or she may add the payment to the price. I accept developers have to make a contribution regarding the common areas. I will also examine this issue between now and Report Stage.
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