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Friday 26 May 2017

Bill to protect owners of apartments

The Beacon South Quarter development
The Beacon South Quarter development

Apartments owners at the Beacon South Quarter complex in Dublin have drafted their own bill in a desperate bid to ensure they are not saddled with multi-million euro charges.

Owners of apartments at the Sandyford-based complex were told last week that they will each be hit with bills of €10,000 in order to fix fire safety and other structural defects.

There is also the threat of legal action hanging over residents.

But a bill, which will this week be presented to local politicians, proposes the introduction of a veto for owner occupiers in relation to costs.

The draft legislation proposes that 25pc of owners can vote in favour of overturning any decision by the management company to issue them with the bill to pay for defects.

This vote would take place at an Emergency General Meeting (EGM).

Irish Independent

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