Sec. 32. Multi-Unit Developments Act 2011

32.

Restriction on entering into certain contracts.

Restriction on entering into certain contracts.

32.— An owners’ management company shall not, after enactment of this Act, enter into a contract for the provision of a service or the purchase of goods—

(a) which is expressed to run for a period in excess of 3 years from the date the contract is entered into by the owners’ management company, or

(b) which provides for a penalty to be imposed on or damages to be paid by the owners’ management company if the contract is terminated by it after a period of 3 years from the date the contract is entered into by the owners’ management company.

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