There is no written provision or reference addressing the method by which paid service charges are to be applied to an owner’s account. Photograph: Getty
Our small owners’ management company is self-managed by the board of directors. Like most OMCs in Ireland, we are constantly grappling with the problem of management service fee arrears. Some who owe significant arrears specify (on their cheques or in their payment references) that the amount being paid is to be applied to the current year’s fees. In this way owners are trying to avoid paying their arrears by simply waiting out the six-year statute of limitation on breach of contract.
I just read an Irish Times article by Aisling Keenan, published June 13th, 2023, that said this statute of limitation does not apply to management fees, because the payment of
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