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Urban studies (Planning and development)
Multi-unit developments (MUDs) – typically developments of apartments, or apartments and houses, but also sometimes including a commercial component – differ from traditional housing as they have three distinct characteristics: individual ownership of a unit, shared ownership of common property, and collective membership of a corporate body that assumes responsibility for the management of the development (Christudason, 2004). In the Irish case, this corporate body is known as the owners’ management company (OMC). The legal framework for ownership in MUDs is based on leasehold, which means that the purchaser owns the property but not the land on which it is built. Leaseholds in a MUD tend to have long leases, which can be sold on to a new owner (National Consumer Agency, 2008). In order to fund maintenance of upkeep of the common areas, the OMC levies an annual service charge on owners of properties within the development.
McKeown, A. & Sirr, L. (2018). Service charge collection in multi-unit developments. Administration, vol. 66, no. 2, pg. 135-152. doi: 10.2478/admin-2018-0021