Dáil Éireann Debate, Wednesday - 15 January 2014
107. Deputy Michelle Mulherin asked the Minister for Finance the person responsible for setting up a management company and ensuring a unit is multi-unit development compliant in the event that the unit being sold through the National Asset Management Agency; the way a prospective purchaser can complete the purchase of a unit where there is no such compliance; and if he will make a statement on the matter. [55267/13]
View answerI am advised this is ultimately a matter between the vendor of a residential property (who may be a debtor or receiver) and the purchaser and their respective legal advisers. As the Deputy is aware, NAMA does not own or sell property. Rather, NAMA’s role is, like a bank, that of a secured lender. In the context of its role as a secured lender, NAMA applies significant resources to resolving planning and building compliance issues, including compliance with the Multi-Unit Developments Act 2011, relating to property over which it holds security.
