Seanad debates

Tuesday, 1 June 2010

Multi-Unit Developments Bill 2009: Report and Final Stages

 

4:00 pm

Photo of Dermot AhernDermot Ahern (Louth, Fianna Fail)

I indicated on Committee Stage that I would be proposing amendments to deal with the liability of a developer to pay service charges and the sinking fund contributions in respect of unsold units. Amendment No. 32 will make the developer liable for the annual service charge on unsold units from the date on which the first unit in the multi-unit development is sold. Amendments Nos. 34 and 35 have been tabled to bring the sinking fund provisions into line with those relating to service charges. This means that for the purposes of section 16, a developer will be liable to pay the sinking fund contribution in respect of unsold units from the date on which the sinking fund is established.

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