Coveney must fast track legislation to transfer the obligations of landlords to receivers- Eoin Ó Broin TD
Sinn Féin housing spokesperson Eoin Ó Broin has called on Minister Coveney to provide greater protection to tenants during the receivership process in buy-to-let properties. Ó Broin called on the Minister to “fast track legislation that would transfer the obligations of landlords to receivers, lenders and vulture funds.”
Deputy Ó Broin said:
“Tenants in buy-to-let properties that have been put into receivership or repossessed by the lender or purchased by a vulture fund do not have the same protections under law as other tenants. This is because the terms of the Residential Tenancies Act do not apply to receivers, lenders or funds.
“There is an urgent need for legislation to ensure that when receivers, lenders or vulture funds are in receipt of rent from a tenant, the same obligations apply as with standard landlords.
“I raised this matter in the Dáil during Promised Legislation last week. Minister Coveney sent a response saying that he was establishing a working group to look at the issue and they would report back by April.
“A working group report by April is not good enough. The Minister must bring forward legislation as a matter of urgency to address this issue.
If receivers, lenders and vulture funds are good enough to take rent from tenants then they should also shoulder the responsibility that comes with this role. Providing tenants with more protection would undoubtedly stem the flow of families into homelessness. Focus Ireland estimate that 20 families each month are becoming homeless because their ‘buy-to-let’ landlord is being forced to sell up.
“Sinn Féin brought forward a number of amendments last term that would have resolved this problem. Minister Coveney refused to support our amendments. The onus is now on him to bring forward a credible solution.