Brendan Burgess
Founder
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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.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
Not only that but to my knowledge lenders currently all insist on vacant possession to extend a mortgage.Now they could sell only to other landlords, so the value of their property would be greatly reduced.
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.
Very little of the nonsense peddled about housing is challenged by the media.“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.
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.Yet another signal to landlords: "Get out while you still can."
Brendan
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.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.
Very few subjects at all are analysed objectively and usefully by the media.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.
offer first refusal to buy to their tenant
Indeed I've seen an AAM thread where this offers was made, once by the tenant and once by the landlord.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.
Its up to the vendor, but it may well be worth their while.tenant be offered a discount over other purchasers
no opportunity either for the bidding to go higher than the guide price.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.
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 ?
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