Advertisement

News

New deal could stop rent rises

Landlords will find it harder to raise rents and evict tenants under new moves aimed at ending the o...
TodayFM
TodayFM

8:09 AM - 3 Nov 2015



New deal could stop rent rises

News

New deal could stop rent rises

TodayFM
TodayFM

8:09 AM - 3 Nov 2015



Landlords will find it harder to raise rents and evict tenants under new moves aimed at ending the ongoing row in Government over housing.

Yesterday, government sources said "progress is being made" after a meeting between Fine Gael and Labour ministers over the crisis.

The Irish Independent reports that a compromise deal on a housing package is in the pipeline, which will see landlords having to justify rent hikes by proving they're in line with the market in the area.

Landlords would also have to give tenants longer notice periods based on the length of time they have been renting the property.

However there appears to be no reference anymore to linking prices to inflation

Negotiations between the two sides are ongoing but a deal is unlikely to be brought to today's cabinet meeting

Under the proposed regime, landlords would have to present three similar properties to justify a rent increase.

Reporter with the Irish Independent, Kevin Doyle, explains that the rules would need to be strict:



Read more about

News

You might like