The Multi-Unit Developments Act 2011 regulates the management and the ownership of the common areas in multi-units developments and provides for the establishment of an Owners’ Management Company for each development.
The SCSI has development Professional Guidance for those members operating in this area and the Code of Practice covers professional standards, appointment of property management agents, procurement, insurance and general OMC obligations. This Code of Practice will provide a common platform over and above the statutory requirements currently in place under the Property Service Regulatory Authority legislation and Multi-Unit Developments Act 2011.
The Property Management in Multi-Unit Developments Code of Practice is now available for SCSI members to download. If you’re an SCSI member, please visit http://www.scsi.ie/membersguidancenotes to view it.