Apartment Block Management Company

Management Company has a structure where each unit has a long lease normaly

999 years from the management company and both sides are governed by this legal

relationship which is a contract between both sides.

It Covers a huge range of issues so any dispute between an apartment owner and management company the lease agreement is the first point of reference too establish who is responsible.

Management Companies are also governed by the following as well:

Memorandum and Articles of Company

This outlines how a company operates voting

rules meetings powers of Directors and purpose of the management company

Multi Unit Development Act 2011

This legislation places certain obligations on the original developer in the transfer of common areas and outlines what are common areas.

It has measures which allow the resident owners to get the common

areas transferred where the developer refuses.

Company Law

Any company has to be run in accordance with company law and there are certain company acts that are relevant to management companies

One such act is the 2014 Companies act

Management companies can avail of audit exemption subject to certain conditions.

BUILDING/FIRE REGULATIONS

Apartment Blocks also must comply with Various Regulations including:

Building Regulations which include fire safety regulations

Plant and Machinery which cover Gates Lifts Hoists

Passive Fire safety Fire alarm Extingushers Fire safety Signage all

have different standards that equipment must be serviced too.

Health and Safety at Work regulations