Well, the Bill (if enacted) would not actually prevent a landlord from selling a property - it would simply prevent a landlord from terminating a tenancy in anticipation of a sale.If, as Govt has stated, that it is unconstitutional to have a rent freeze for 3 years then is it also unconstitutional to prevent someone selling a property they own?
With bells on.In most cases, you would expect a residential property that is subject to a tenancy to sell at a discount to an identical property where vacant possession can be obtained.
Highly unlikely.Would a bank even lend without vacant posession?
That's tomorrows problem and they never care about that. Anymore than they care about who is going to pick up the tab and housing costs for retired people who didn't buy their own home, because you should be renting like good Europeans and Irish people have an irrational attachment to property ownership.The Labour Party and awkward tenants would need to be careful what they wish for. Dealing with a one house (so called) landlord and dealing with a conglomerate that owns hundreds of properties are 2 completely different entities. Lots of tenants will soon see themselves dealing only with the big boys, the Goverment will be left to house everyone else, because the small investor is going to be a thing of the past.
Rents will only be allowed to rise in line with inflation to a certain point before being capped under reforms being considered by the Department of Housing.
Reforms linking rent increases with the rate of inflation were introduced by the Government in July, but have been targeted as ineffective by the Opposition after inflation rose to 3 per cent in the latest figures, significantly in excess of recent averages.
The increase, were it to be sustained, could result in higher than anticipated rents.
Minister for Housing [broken link removed] O’Brien has now asked his officials to examine whether the inflation-linked rent increases could be capped once they hit a certain level.
There are other silly things like prohibiting landlords from banning pets.
Do we need to wait at all for property to become unaffordable?In the govts attempt to appease tenants, they are pushing out the small landlord and we will end up with just large corporate landlords. Tenants can say goodbye to landlords not increasing rent to keep good tenants. It will be an increase every year in line with limits in the area. Wait until compounding takes hold and the property becomes unaffordable after a few years.
Steven
Isn't this already the case since landlords can no longer reset the rent to market rates after the tenants leave?Tenants can say goodbye to landlords not increasing rent to keep good tenants. It will be an increase every year in line with limits in the area.
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