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Updated 3.55pm
LANDLORDS WILL BE barred from increasing residential rents for two years under new plans to tackle the housing crisis announced by the government today.
Property owners will also be required to give longer notice to tenants of rental increases or eviction as part of long-awaited proposals announced by ministers Alan Kelly and Micheal Noonan.
“I hope it works,” Finance Minister Noonan said today as the government ended weeks of speculation and infighting over measures to tackle soaring rents and lack of housing supply.
The increase in the rent review period will mean that anybody whose rent has been increased this year will not face another hike until 2017. This 24-month review period will be in place for four years before it reverts back to 12 months.
“Legislation will require 24 months between all rent reviews, in what is among the most signifiant overhaul of tenants’ rights in the state,” the government said today.
It’s also been confirmed that the amount of notice a landlord must give a tenant of a rent increase will be extended from 28 days to 90 days.
The Private Residential Tenancies Board (PRTB) will be given new powers to ensure landlords inform tenants of their rights.
Evidence of a landlord’s justification for any rent increase, such as the market rent for similar dwellings in their area, must be provided to the tenant.
Other initiatives being rolled out include:
In a blow to Environment Minister Kelly, his initial plan to link rent increases with the level of inflation for a three-year period – known as rent certainty – was vetoed by Noonan in recent weeks.
However, Kelly said today these measures amount to rent certainty for landlords and tenants, insisting it is a “comprehensive package” that he is happy with. Noonan said it would provide “security of tenure for tenants”.
There have been calls by a number of housing and construction industry groups for the government to get ahead of the crisis, with little being offered in last month’s Budget, other than the announcement of the construction of modular homes in parts of Dublin.
Ahead of today’s annoucement, Ibec group Property Industry Ireland, called for government to create a cabinet minister for housing.
“Creating a senior ministerial housing portfolio would create some much-needed leadership in this policy area. It would also help demonstrate a commitment from government to the speedy resolution of the crisis in the Irish housing system,” said PII director Dr Peter Stafford.
He said at least 25,000 new homes need to be built each year to meet demands. At present, just half of that are being built, he said.
- with reporting from Christina Finn
Who do i send the money to so they then send me back the presidency?
That’s how it anyways works….I know as I have a guy over there with 24 million quid for me…
I have direct email contact with the prince of Nigeria himself! I’ll try to get you a meeting if you like?
original…
I’ll take anything at this stage that isn’t a comment about Irish Water.
I won the Nigerian lottery last week so I can afford to run no probs
@HULK
Very funny.
We all know the story, the whole planet knows the story.
Why did i read that in al pacino’s voice?
We aaawwl know, the stoorey. This whole damn PLANET…..knows th’ stoorey..
The 405000 Nairs no problem but you also need to be able to rig the ballot box look what happened Abiola won the election ended up in jail and somehow died.
We have just the man for ye over here top man enda kenny is he’s name, and that’s he’s monthly salary so no probs on that front.
There are corruption, suicide bombings, beheadings and mass-abduction of children in Nigeria, people are being tortured and ruled by a dictator in Zimbabwe and many women have been raped and/or murdered or have been killed by botched sterilisation procedures in India. It makes me think that the people of these countries were better off when these countries were ruled by the British.
Jasus lads, you’ll give Bertie ideas now.
Sounds like a perfect scam for Dennis obriens portfolios
Adonbilivit
If your in a political party here it costs nothing to run for a European election. If your not it costs 1500.
Donations can be had from Ireland
Just need your bank account details blah blah blah
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