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Tenants must benefit from any aid to accidental landlords - Eoin Ó Broin TD

6 August, 2017 - by Eoin Ó Broin TD

Sinn Féin housing spokesperson Eoin Ó Broin TD has said that "tenants must benefit from any aid to accidental landlords with increased security of tenure and greater rent certainty”. The comments were made as Government considers a series of measures to assist struggling accidental landlords.

Deputy Ó Broin said:

“Landlords exiting the rental market is one of the biggest drivers of the current homeless crisis. Many accidental landlords are under pressure from their banks and losing money struggling to pay boom time mortgages.

“The result is an increase in voluntary sales and reposessions. In such cases landlords are issuing vacant possession notices to quit. In the absence of adequate supply of affordable rental many families are being driven into homelessness.

“In response, the Government is considering a suite of tax related measures to keep accidental landlords in business and to boost supply in the private rental sector.

“It must be remembered that many of these landlords benefited from buy-to-let mortgage tax breaks when they first purchased their rental properties.

“Sinn Féin is not opposed to using the tax system to stabilise the private rental market. However tenants must benefit from any aid to accidental landlords.

“Tenants urgently need greater security of tenure. This can only be achieved by introducing tenancies of indefinite duration and restricting the grounds upon which a landlord can issue a notice to quit. 

“Tenants also need greater rent certainty. Sinn Féin firmly believes that linking rents to an index such as the CPI is the best way to achieve this. In the interim, the Governments weaker Rent Pressure Zones should be extended to all parts of the country. Exemptions in the RPZ legislation should also be removed.

“Sinn Féin has long argued for a package of measures could that would be good for tenants and for landlords. It would be a mistake however to focus solely on the needs of landlords without providing tenants the security and stability that they are currently denied.”

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