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Management company, extra payment

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  • 14-05-2015 5:50pm
    #1
    fiachr_a
    Banned (with Prison Access) Posts: 1,204 ✭✭✭


    My management fee is due again and it's gone up, owner occupier. Even better, they're also asking for a second payment. This is of a few hundred euro and is required for repairs to the old apartment building. Can they do this? If I just pay the management fee can they take legal action against me to get the other amount?


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    #2
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    fiachr_a wrote: »
    My management fee is due again and it's gone up, owner occupier. Even better, they're also asking for a second payment. This is of a few hundred euro and is required for repairs to the old apartment building. Can they do this? If I just pay the management fee can they take legal action against me to get the other amount?

    You have to pay it. What happens when your building needs repairs ...


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    #3
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    fiachr_a wrote: »
    My management fee is due again and it's gone up, owner occupier. Even better, they're also asking for a second payment. This is of a few hundred euro and is required for repairs to the old apartment building. Can they do this? If I just pay the management fee can they take legal action against me to get the other amount?

    You are the management company. What discussions did you all have around this during the AGM? Generally any debt would just be held over until you tried to sell, with interest added. Of course you all live in a crap heap while no one pays and the apartment devalues as a result. Cutting off one's nose basically.


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    #4
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    The only reason they're looking for extra money is that it's needed and the sinking fund is inadequate. Sounds like your fees have been too low.


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