Reporter Emma Hickey from The Journal breaks down the major rental law reforms that came into effect this week under Ireland’s new Residential Tenancies legislation.
The changes introduce rolling six-year tenancy agreements for new renters, significantly increasing security of tenure and limiting no-fault evictions — particularly for larger landlords. However, the reforms also allow landlords to reset rents to “market rate” for new tenancies using the updated Rent Register system, potentially leading to higher rents in many areas.
The discussion explores what this means for existing tenants, new renters, small landlords, and large institutional investors such as I-RES REIT, and whether the reforms are ultimately good or bad news for Ireland’s housing market.
Credit to : Ireland AM