HOUSING MINISTER SIMON Coveney has welcomed the news that termination notices served on residents of The Strand apartments in Limerick City are to be withdrawn.
People had been facing eviction after the property was bought by a vulture fund.
The Housing Department said Sova Properties is writing to the residents affected to confirm the notices are being withdrawn and that they will abide by the spirit of the so-called Tyrrelstown amendment which comes into effect next week.
That amendment to the Residential Tenancies Act was brought through the Oireachtas in December as part of the government’s rental strategy. The effect of the provision is to require that tenancies are protected where a landlord or investor wishes to sell more than 10 properties in a single development, as happened at Tyrrelstown, Dublin 15, last year.
Speaking today, Coveney said the decision to withdraw the notices is “an important reassurance for households who had been facing significant uncertainty”.
There was no legal requirement for Sova to take this approach so I commend them for doing what was the socially responsible thing by respecting the will of the government and the Oireachtas.
“This shows the value already of some of the measures contained in the government’s strategy for the rental sector and the importance of a partnership approach by all players; tenants, accommodation providers and government,” the minister said.
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