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Time for government to come clean on upward only rent reviews

30 July, 2012

Peadar Tóibín TD Sinn Féin spokesperson for Jobs, Enterprise and Innovation today called on the government to come clean on their refusal to legislate to end upward only rent reviews.

Peadar Tóibin said;

“The Sunday Business Post revealed the extent of the lobby by landlords and property developers to have the government retreat on its pre-election and Programme for Government promise to legislate to end upward only rent reviews.

“At the time the government said that it had been advised that such legislation was impossible however they have failed on every occasion to detail the legal obstacles to legislation. Retailers, business and voters are caught in the Kafkaesque situation that we are told no by the government but not why.

“It should be noted that other legal opinion has demonstrated that legislation is possible and I have proposed a bill to this end.

“It appears that the government is more concerned with the needs of landlords and developers than with the many retailers and small businesses that are going to the wall because of excessive Celtic Tiger era rents. These rents are driving up prices for consumers and costing jobs.

“Since June 2008 there has been a continuing decline in retail sales and only last month a further 2648 sales workers were added to the live register. The government needs to come clean to retailers and the recently unemployed on why it did not honour its promise on
upward only rents and reduce costs in the real economy.” ENDS

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