Nenagh town councillor Lalor McGee has said that he has received a number of complaints from residents of private estates about excessive fees paid by management companies.
“In this climate where people are finding it difficult to meet mortgage payments it is unacceptable that some management companies appear to be wasting management fees on excessive fees to accountants and other professionals. There needs to be closer scrutiny of how management companies spend management fees” he said.
The Labour councillor told the Tipperary Star that a number of residents on private estates had told him that they were not made aware at the time of buying their houses that there was an obligation to pay an annual management fee, and, “this additional expense is proving too much in these difficult times”.
“I am aware of cases where residents have received solicitor’s letters in relation to their non-payment of management fees, putting them under further pressure.
“Obviously these estates need to be maintained, with the residents contributing equally to the costs, and most management companies do a good job. However, the management costs need to be kept to a minimum by getting value for money all-round. The sooner these estates are taken in charge by Nenagh Town Council the better for these estates and residents” he said.