comparemela.com

Latest Breaking News On - Castletroy retirement village operations - Page 1 : comparemela.com

Tenant wins landmark case against Limerick retirement village

After renting here for 10 years, I thought I was secure for life But there s no law to protect renters or retirees

Fordmount Developments, the company behind the Park Village’s construction, went into receivership in 2009 and its loans were eventually sold by Nama to vulture fund Cerberus, which in turn sold the village to Edel Madden and Seamus Madden, for more than €6m in August 2019. Two months later, on Halloween, Ms Lynam received a knock on the door and was handed a notice of termination as the new owners intended to carry out an attic conversion to the dwelling. “I had lived here for 10 years and thought I was secure for life, so this completely shocked me,” she said. “I sold my home as I was medically unfit to look after myself and The Park was really a dream for me. I had two bedrooms so my sister or friends could come stay, we had a fabulous clubhouse where we could go for coffee and fresh scones every morning.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.