Green Party TD supports requiring landlords who sell, to keep the tenant in situ.

[Brendan Burgess]

I caught a bit of Neasa Hourigan a Green Party TD on Morning Ireland today.

She seemed to be proposing that landlords be allowed to terminate tenancies only if they want to use the property for themselves.

She proposed that we get in line with the rest of the world and require landlords who want to sell, to sell with the tenant in place.

Of course, no mention, and she wasn't asked by the interviewer, how that would work out for the thousands of landlords who are stuck charging very low rents because they were decent landlords. Now they could sell only to other landlords, so the value of their property would be greatly reduced.

Yet another signal to landlords: "Get out while you still can."

Brendan

 

[Purple]

I caught a bit of Neasa Hourigan a Green Party TD on Morning Ireland today.

She seemed to be proposing that landlords be allowed to terminate tenancies only if they want to use the property for themselves.

She proposed that we get in line with the rest of the world and require landlords who want to sell, to sell with the tenant in place.

Of course, no mention, and she wasn't asked by the interviewer, how that would work out for the thousands of landlords who are stuck charging very low rents because they were decent landlords. Now they could sell only to other landlords, so the value of their property would be greatly reduced.

Yet another signal to landlords: "Get out while you still can."

Brendan

It would be a great way to buy a home; purchase the property at a reduced rate then require the tenant to move out because you want to live there. Having listened to her many times over recent years I'd never accuse Neasa of thinking things through.

 

[azerty]

Great power to the tenants who would be able to "negotiate" their way out.

 

[NoRegretsCoyote]

Now they could sell only to other landlords, so the value of their property would be greatly reduced.

Not only that but to my knowledge lenders currently all insist on vacant possession to extend a mortgage.

So a landlord selling up would be limited to cash buyers who would accept a permanently-below market rate. Who on earth would invest?

 

[Brendan Burgess]

It would be a great way to buy a home; purchase the property at a reduced rate then require the tenant to move out because you want to live there.

That is a great idea. Good thinking.


Brendan

 

[valery]

“She proposed that we get in line with the rest of the world and require landlords who want to sell, to sell with the tenant in place.”

What European countries require a rented property to be sold with the tenant in situ?
The UK, France, Germany allow a landlord to give notice if they want to sell or want the property for themselves?
This perception,unchallenged by the media, that tenants in Ireland have fewer rights than those in the rest of Europe, is not borne out by facts.

 

[Purple]

“She proposed that we get in line with the rest of the world and require landlords who want to sell, to sell with the tenant in place.”

What European countries require a rented property to be sold with the tenant in situ?
The UK, France, Germany allow a landlord to give notice if they want to sell or want the property for themselves?
This perception,unchallenged by the media, that tenants in Ireland have fewer rights than those in the rest of Europe, is not borne out by facts.

Very little of the nonsense peddled about housing is challenged by the media.

 

[Steven Barrett]

Yet another signal to landlords: "Get out while you still can."

Brendan

Just read a tweet from someone who was notified by their landlord of 18 years that she is selling up. This is the consequence of restricting landlords rights to their own property. They just take the money and long term tenants now have to look for a new home. They will end up renting from a REIT or large professional landlord who will increase the rent every year without fail.

 

[Silversurfer]

Just read a tweet from someone who was notified by their landlord of 18 years that she is selling up. This is the consequence of restricting landlords rights to their own property. They just take the money and long term tenants now have to look for a new home. They will end up renting from a REIT or large professional landlord who will increase the rent every year without fail.

Is there a difference between long and short term tenants? Other than short term tenants usually have been on historically low rents and can no longer compete for a property in their area when a property is sold. Landlords are not a social service.

 

[ClubMan]

Very little of the nonsense peddled about housing is challenged by the media.

Very few subjects at all are analysed objectively and usefully by the media.

 

[Marsupial]

Very few subjects at all are analysed objectively and usefully by the media.

So imagine that you're a churnalist. You start work in the morning with an empty laptop screen in front of you and the requirement to provide 1,200 words to your editor before whatever deadline you're working to.

You hear a TD (normally from the opposition, but sometimes one of the less gifted TDs from a government party) spouting some half-baked garbage on the radio and think to yourself "yippee! there's my story for today"! So you do a bit of googling and write some stuff down (making sure that you change it a bit so you can't be accused of plagiarising), then contact a helpful press officer in either the relevant Quango or the Opposition Party HQ (always available, helpful and an invaluable source of a quotation or two) - and hey presto, you've got your story written!

Or, if you need some more padding, then there's usually a tame academic available in your speed dial list of helpful contacts who'll add a bit of intellectual credibility to your yarn!

Objective analysis, or any attempt to produce a balanced piece of reportage is for the birds!

(Excluded from the above comment, is, of course, any conscientious journalist who, in a genuine attempt to provide more informed analysis, may contact the owner of this excellent website for an informed observation on the matter in hand!)

 

[Dermot]

A viable lasting solution is needed not a sticking plaster / kicking the can down the road solution. The Shinners plus the other Lefties arrive on the scene and dismantle all. Then Landlords are caught in the trap.

 

[Mocame]

Surely these measures, combined with the severe restrictions on airbnb lettings, will get voters worried about the right to housing referendum. Remember 70 per cent of the population live in home owner housing, the government has already dismantled many private property rights. What's next?.no right to a spare room? No right to leave your property vacant when you go to Spain for the winter?

 

[Mamamia22]

The idea that a landlord has to offer first refusal to buy to their tenant has been suggested by the Green Party.
How do they think this stuff up ?
Do they want every tenant in the country evicted on 1st April ?
Is such a suggestion constitutional ?

 

[DannyBoyD]

offer first refusal to buy to their tenant

Again they are just dressing up something that can already happen. If a tenant can afford to buy the property they are living in, they can offer just like anyone else; I don't see it's that big a deal.

 

[NoRegretsCoyote]

If a tenant can afford to buy the property they are living in, they can offer just like anyone else; I don't see it's that big a deal.

Indeed I've seen an AAM thread where this offers was made, once by the tenant and once by the landlord.

Any landlord planning to sell should already take a 3%-5% discount to market value from a sitting tenant. No void period, no tidying up the house for sale, no marketing or estate agent fees, no risk of a sale falling through.

 

[Mamamia22]

They are probably going to enforce this via the PRTB. Expect extra paperwork, sworn statements to say tenant has been offered house to buy etc. Why should a tenant be offered a discount over other purchasers ?

Another disincentive for landlords.

The unequal rents between those who followed RPZ rules and later entrants who are price gouging has created a gaping inequality in the rental market. It’s totally unfair and no tax incentive is going to level the playing field. That’s why the older landlords will continue to exit in droves.

 

[DannyBoyD]

tenant be offered a discount over other purchasers

Its up to the vendor, but it may well be worth their while.

 

[PebbleBeach2020]

Indeed I've seen an AAM thread where this offers was made, once by the tenant and once by the landlord.

Any landlord planning to sell should already take a 3%-5% discount to market value from a sitting tenant. No void period, no tidying up the house for sale, no marketing or estate agent fees, no risk of a sale falling through.

no opportunity either for the bidding to go higher than the guide price.

 

[AlbacoreA]

The idea that a landlord has to offer first refusal to buy to their tenant has been suggested by the Green Party.
How do they think this stuff up ?
Do they want every tenant in the country evicted on 1st April ?
Is such a suggestion constitutional ?

I've never had, (or heard of)a tenant make an viable offer.

I though its was the bank insisting on vacant possession for mortgage if selling to someone other than the tenant. If its the tenant be interesting to see can many make a viable offer at market rates.