FAQs

Why do we need a Management Company? Over the past decade there has been huge growth in the number of communal dwellings i.e. apartments, maisonettes and townhouses being erected. Government legislation such as Health and Safety provisions have also created a need for a Management Company comprised of all owners to take care of the resulting tasks. They deal with these on a day to day basis by hiring Managing Agents such as DOMAIN.

Why do we hear of Companies being struck off or having no contact with the owners? The provisions of the Companies Act apply to all Management Companies. So there should be regular contact with all members. A Company will be struck off if it fails to make its Annual Returns to the Companies Office as required. DOMAIN can help you out of that dilemma.

If my Management Company is struck off will it affect me making a sale of my property? Yes it will. All diligent Solicitors check details of this nature. We have assisted owners in dealing with this nightmare.

Should there be regular meetings of members? Should Annual Accounts and information on important issues be sent to members? The answer is a resounding YES. That is the whole objective of the Company and the reason you pay your service charges. It is accountable to YOU.
It worries me that many Management Companies have arrears of service charges and bank overdrafts. It should worry you. These are serious symptoms and signs that your Company needs the intensive care that DOMAIN can give it.

The whole property management area seems very complicated to me. As in any other business this is understandable as your knowledge of what is involved may be limited. However a Company like DOMAIN specialises exclusively in this area. The answers should be transparent to you. You are entitled to accountability and to participation in the decision making. Maybe these rights are not available to you in your existing situation.

It is time for you to change Managing Agent?

E-mail your questions to: info@domainpm.ie