Monday October 26, 2020

COMMENT: Time is running out for transfer of common areas

The deadline under the Multi-Unit Development Act for transferring common areas of existing developments to management companies is looming.

3rd September, 2011

The deadline under the Multi-Unit Development Act for transferring common areas of existing developments to management companies is looming.

The October 1 deadline may not be complied with by many developers and it will affect many homeowners.

Enacted in the dying days of the last government’s term of office, the main provisions of the Multi-Unit Development Act, 2011, came into force on April 1. For the first time, legislation regulates how multi-unit developments with a residential...

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