Tuesday, 13 October 2020
Department of Justice and Equality
Property Management Companies
417. To ask the Tánaiste and Minister for Justice and Equality further to Parliamentary Question No. 590 of 6 October 2020, if all owners of a management company that pay service charges to the annual AGM of the company attend the AGM. [30296/20]
The Multi-Unit Developments Act 2011 was enacted with the primary purposes of reforming the law relating to the ownership and management of common areas of multi-unit developments and facilitating the fair, efficient and effective management of owners' management companies (OMCs). These are companies registered under the Companies Act, the members of which are the owners of residential units within the development, which are established for the purposes of ownership and management of such common areas.
Section 17 of the Act imposes specific obligations on OMCs with regards to the holding of an AGM and the preparation of an annual report. OMCs must hold a meeting at least once a year to consider the report. Advance notice of the meeting must be given to each member at least 21 days before the meeting; a copy of the annual report must be provided at least 10 days beforehand; moreover, the meeting must take place within reasonable proximity to the multi-unit development unless otherwise agreed in writing by 75% of the members.