Buying Irish property where an OMC is in place.
In Irish multi-unit developments — residential or commercial — the common areas are owned by an Owners' Management Company, and membership comes with the title. The OMC is part of what you're buying: its finances, its obligations, and its governance. This is the roadmap from first screening to your first AGM.
Understand the structure
What an OMC is, how the Multi-Unit Developments Act 2011 frames it, and why every unit carries membership, a service-charge obligation and a sinking-fund contribution that run with the property — not the seller.
You get: a briefing your investment committee can read in ten minutes.
Assemble the OMC due-diligence pack
The documents to request before you price the deal — and what each one is actually telling you.
Request: three years of accounts · current budget and apportionment schedules · sinking-fund balance · arrears profile · block insurance · fire-safety and defect status · CRO filings · common-area transfer status.
Read the red flags
An under-provisioned sinking fund, a struck-off company, concentrated arrears, unresolved defects or remediation works, a budget that doesn't match the lease schedules. Each one has a price — it belongs in your underwriting, not in a post-completion surprise.
Transact with eyes open
Working alongside your solicitor: MUD Act requisitions, apportionment of charges at completion, membership transfer and registration. I read the OMC side of the file so your legal team can focus on title.
Take your seat
Post-completion: register your interest, vote your units, and — where the holding justifies it — appoint a nominee director so decisions about your asset aren't made without you. That's the Professional OMC Director service.
Investment-committee briefing
A written explanation of the Irish OMC framework tailored to your strategy — residential PRS, commercial, or mixed-use.
Target OMC review
Due-diligence review of a specific development's OMC: accounts, budget, schedules, reserves, arrears and governance — with a written red-flag report for underwriting.
Post-completion representation
Ongoing board representation and AGM attendance as nominee director, with monthly written reporting in plain English.
OMC Advisory provides governance and OMC due-diligence support. It does not provide legal, tax or conveyancing advice — engagements run alongside your own professional advisers.
The Portfolio Status Dashboard.
Investor clients receive a one-page dashboard covering every development where they hold units — updated monthly, written in plain English, and readable in two minutes. The same format scales down to a single-development health check for a board or buyer.
- Portfolio headline — units held, average stake, overall RAG status
- A card per development: ownership, managing agent, directors, year-end
- Eight tracked indicators — accounts, reports, budget, insurance, sinking fund, collections, AGM compliance, fire safety
- Traffic-light status with a written note explaining every amber or red
- An issues log: what needs attention, what's being done, and by when
Full dashboards are issued directly to clients only. The preview shown uses invented sample data for illustration.
Invented sample data shown. Full dashboards are issued directly to clients.