Property services firm claims mortgage-to-rent company is breaching agreement

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Home For Life is licensed by the Minister for Housing, Planning and Local Government to operate the mortgage-to-rent scheme via IrishTimesBiz

O’Dwyer has sued HFL seeking, among other things, declarations that it has breached the agreement and is obliged to provide funds so O’Dwyer can carry out the work it is required to do under the agreement. It also seeks judgment for €144,569 over unpaid fees and damages for breach of contract and misrepresentation.

Michael Howard SC, for HFL, said his side did not accept O’Dwyer’s allegations and assertions but did not object to the admission of the case to the commercial list. Ms O’Dwyer said that HFL, in response to the O’Dwyer claims, has alleged “a series of unfound performance issues” with O’Dwyer, including that it was understaffed or unsuitably staffed, which is denied. She said HFL’s “overall objective appears to be to build an investment portfolio with a government-backed rental yield which can be sold on to a pension fund or other investment vehicle”.

 

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