Legislation that will introduce significant changes to the rental market is due to be voted on by TDs tonight.<\/p>\n
Sinn F\u00e9in has criticised the Government for “pushing through” the final stages of the Residential Tenancies Bill before it goes to the Seanad.<\/p>\n
Five hours have been set aside to debate the legislation in the D\u00e1il.<\/p>\n
Sinn F\u00e9in attacked a provision in the proposed law which says that from 1 March, landlords whose properties become vacant will be able to reset rents to market rates.<\/p>\n
There will be no changes for existing leases.<\/p>\n
But new tenancies after 1 March will be subject to a minimum duration of six years in an effort to give tenants more security of tenure.<\/p>\n
According to the Department of Housing: “Landlords will only be able to end the tenancy in specific situations, such as the tenant is not meeting their obligations or the property no longer suits the tenant’s needs.<\/p>\n
Smaller landlords, defined as having three or fewer tenancies, will also be allowed to terminate during the six-year term if they encounter financial or other hardship requiring sale of the property, or if the landlord or a close family member needs to live in the property.<\/p>\n
However, Sinn F\u00e9in Spokesperson for Housing Eoin \u00d3 Broin said that “at the heart of the bill is a profound change to how rents in the private rental sector will be set”.<\/p>\n
He added: “Based on the latest Residential Tenancies Board data for existing and new rents, the full-year cost of the market reset will be an average of \u20ac3,000 and up to \u20ac5,000, depending on location and type of property.”<\/p>\n
The Government has said it is introducing the legislation as part of an effort to attract more investment into the property market.<\/p>\n
It has highlighted the additional security of tenure tenants will get from leases of at least six years.<\/p>\n","protected":false},"excerpt":{"rendered":"Legislation that will introduce significant changes to the rental market is due to be voted on by TDs…\n","protected":false},"author":2,"featured_media":292128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,60,43],"class_list":{"0":"post-292127","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ireland","8":"tag-ie","9":"tag-ireland","10":"tag-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/292127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=292127"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/292127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/292128"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=292127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=292127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=292127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}