Taoiseach resolves student apartment dispute without incurring extra cost
Published 11/10/2010 | 05:00
TAOISEACH Brian Cowen has resolved the dispute over his student apartment in Leeds without having to pay any extra money.
The company that owned the ground rent of the Carr Mills development was threatening to take Mr Cowen and his fellow investors to court over non-payment of £100,000 (€112,000) in rent and management fees.
But the Irish Independent has learnt the dispute was settled after an English dispute resolution body -- the Residential Property Tribunal Service -- gave Mr Cowen and his fellow tenants the power to choose another property management company.
Newcastle-based Adderstone Group still owns the rights to the ground rent for the Carr Mills building, but another management company, D&B, is now responsible for the collection of the rents and maintenance.
One of the owners of an apartment in the complex said the dispute had been resolved quietly last year, shortly after the controversy had been made public. The owner also confirmed no extra money had to be paid as a result of the new agreement.
And no court action was subsequently taken by Adderstone Group.
Mr Cowen said at the time of the controversy that the issue would be resolved and there was no question of illegality taking place.