FG proposes bill to regulate apartment management firms

Fine Gael is planning to publish a private members' bill in the new year to regulate the companies that manage Irish apartment complexes.

Announcing the move today, party spokesman Fergus O'Dowd said there was currently no legislation to govern these companies, leaving thousands of apartment dwellers without any official state protection.

He said many residents were having trouble getting builders and management firms to maintain common areas, despite paying them high fees to do so.

Under Fine Gael's proposed legislation, developers would be obliged to set the same management fee for the first three years after a new complex is built.

The Private Residential Tenancies Board would also become the regulator for the sector and would be tasked with imposing a code of practice on managing agents.

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