ISI - Property Management. - Property Management Services to the Insolvency Service of Ireland

The number of Bankruptcy cases in Ireland to date has been very small. However, as a result of recent legislative reform it is anticipated that there will be a significant increase in cases in the near future. Most estimates put the figure above 1000 per annum over the next few years. Many cases will involve rented properties which will require some degreee of management until they are sold by the Official Assignee or re-possessed by the mortgagee. The extent of the service required will depend on whether or not a funtioning property mThe successful Tenderer will be required to manage rental properties which have vested in the Official Assignee following the bankruptcy of an individual, for the benefit of the bankrupt's estate. In other cases where there is no property management company or that company is insolvent a more extensive service may by required. In any particular case the length of time for which the service is required will depend on whether or not the property is in negative equity. If the property is in negative equity then the Official Assignee will remain in possession of the property (and entitled to collect rents) until the mortgagee appoints a Receiver or otherwise goes into possession. If there is equity in the property the Official Assignee will seek to sell the property as soon as possible but will collect the rent until the sale is concluded. The successful Tenderer will be required to manage rental properties which have vested in the Official Assignee following the bankruptcy of an individual, for the benefit of the bankrupt's estate. .

Services

26/05/2014 12:00:00

70210000-6  Residential property renting or leasing services
70220000-9  Non-residential property renting or leasing services
70330000-3  Property management services of real estate on a fee or contract basis
70331000-0  Residential property services
70332000-7  Non-residential property services
70332200-9  Commercial property management services
79940000-5  Collection agency services