Ruth Coppinger (Dublin West, Solidarity)
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286. To ask the Tánaiste and Minister for Justice and Equality when the regulations which were drafted in February 2022 for dealing with apartment service charges and sinking funds will be put in place; and if he will make a statement on the matter. [35098/25]

Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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I understand that the Deputy is referring to commitments in Housing for All related to regulations to be made by my Department, in collaboration with the Department of Housing, Local Government and Heritage, under subsection 17 of section 18 of the Multi-Unit Developments Act 2011. The aim of these regulations is to ensure that owner management companies (OMCs) are financially sustainable and, under sub-section 9 of section 19 of the Act, to ensure that OMCs provide for expenditure of a non-recurring nature (i.e. sinking fund expenditure).

The Multi-Unit Developments Act 2011 was enacted with the primary objective of reforming the law relating to the ownership and management of common areas of multi-unit developments (MUDs), and facilitating the fair, efficient and effective management of OMCs. The Act includes provisions relating to inter alia:

• The setting of the annual service charge payable by apartment owners in a multi-unit development;
• the establishment of a sinking fund, to fund any non-recurring expenditure; and
• the development of house rules for the operation and maintenance of their multi-unit development.