When a Development is complete, the Developer in question is obliged to form a Management Company.
As each unit in the development is sold the purchaser becomes a Member of this Management Company. This enables a transfer of ownership and therefore control of the Common Areas within the development. When all the units are sold the developer usually conveys the common areas via his/her solicitor to the Management Company and the owners take control of the Company.
In an existing development, it is imperative that a healthy Sinking Fund is in place for every Residential Development. This is now a requirement by law in conjunction with the MUD Act 2011.
This is now a prerequisite if you wish to sell your Apartment.
Each Purchaser signs a Lease when buying his/her property. This is a legal document. It sets out the duties of the Management Company (Lessor) and the owner of each property (Lessee). It also defines the Common Areas. New owners should familiarise themselves with this document which they obtain from their Solicitor.
The lease sets out what the responsibilities of the Management Company are to each Owner and also the Owner’s responsibilities to the Management Company.
The Board of Management are responsible for the day-to-day running of their development.
Greendoor Property offer Property Management Services to do this on their behalf.
Greendoor Property execute the requests of the Directors and maintain clear and effective communication with them.
Greendoor Property endeavour to manage the development addressing the duties of the Management Company involved.
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At Greendoor Property Management we take the outbreak of COVID-19 very seriously. Our main priority at this time is to look after the health & wellbeing of our thousands of residents, our contractors, sub-contractors, office & retail tenants and direct staff. As such we are advising everyone to keep up to date with, and follow, the advice of the HSE and WHO in dealing with this issue. See link to the HSE website: https://www2.hse.ie/conditions/coronavirus/coronavirus.html.
It is up to everyone to play their part in helping to stop the speed of this virus. We have increased cleaning in all of our developments at all door handles, lifts, intercoms, keypads and anywhere else which is used frequently by the public. However, users of our buildings will still need to be vigilant and take all necessary precautions.
All our staff have the ability to work remotely and meetings can be held via conference call or postponed. No staff will be permitted to hold face to face meetings for the time being. We are on hand to deal with all issues as normal but, in order to limit contact with people, we will prioritize emergencies in the first instance. Any non-essential items will be dealt with when it is safe to do so.
Lastly we want to thank everyone for their support. If you are living in one of our developments, are vulnerable and need assistance, please contact us and we will make every effort to help!