Eoin Ó Broin TD introduces Bill to protect tenants in Buy-to-Let properties
Sinn Féin Housing spokesperson Eoin Ó Broin TD has today introduced the Residential Tenancies (Prevention of Family Homelessness) Bill 2018.
Under the Bill it would it would no longer be legal to evict tenants in buy-to-let properties on the grounds that the property is being sold.
Deputy Ó Broin said:
“The Bill I introduced today seeks offer greater protections to tenants living in buy-to let properties. Under the Bill it would be illegal for buy-to-let landlords, who benefited from tax breaks, to seek vacant possession when seeking to sell a property.
"The sale can still take place but with the tenant remaining in situ and the remaining portion of the tenancy.
“This Bill is a version of the Focus Ireland amendment which was submitted as an amendment to a government Bill in December 2016.
“Unfortunately at the time both Fine Gael and Fianna Fáil failed to support it.
“This is despite research provided by Focus Ireland at the time indicated that they see more than 20 families each month becoming homeless because their buy-to-let landlord is being forced to sell up. This is one of the leading causes of family homelessness.
“Focus Ireland have said that if the amendment had been passed in 2016, hundreds of families would have been saved from homelessness.
“The homeless situation is not getting better. The opportunity to remedy this was ignored by both Fine Gael and Fianna Fáil in Budget 2019.
“They instead chose to focus on supporting landlords by providing 100% mortgage interest relief and a possible Capital Gains tax break at committee stage of finance bill.
“All of this for landlords with nothing in return for renters.
“This Bill seeks to partially rectify this stark imbalance. Hopefully this time around both Fine Gael and Fianna Fáil will not oppose it.”