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The Importance of a Sinking Fund

The Importance of a Sinking Fund Section 19 of the Multi-Unit Developments Act 2011 governs the establishment and maintenance of a building investment fund, referred to as a ‘sinking fund’. It is essentially a rainy-day fund with a clear set of criteria for collection and spending. A sinking fund is often seen by apartment owners…

Rent Pressure Zones

Rent Pressure Zone A rent pressure zone is an area where annual rent increases have been at 7% or more in four of the last six quarters and where the rent levels are already above the national average and in these areas, rent increases will be capped at 4% per annum over a three-year period. The Housing Agency works with the local Authority…