Rental court could stop landlords 'exiting market en masse' - Chartered Surveyors Ireland

Ireland needs to set up a rental court to protect renters and landlords, the Society of Chartered Surveyors Ireland has said.

The body has called for one in its pre-budget submission, suggesting a dedicated body would be better placed to deal with rental disputes. President Kevin Hollingsworth said there are times when both tenants and landlords would benefit from having a court to deal with issues that arise.“ tenants overholding - which is not giving the property back at the end of the lease,” he said.A new apartment block under construction. Photo: Sasko Lazarov/© RollingNews.ie

Mr Hollingsworth said one of the reasons why so many landlords are exiting the market is because they feel renting out a property has become high risk.“We need to try and keep landlords in the market because they are exiting en masse and the reason they’re exiting is because of complex rent regulation and the high risks that are involved in renting a property.”

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Ireland’s rental market: chronically undersupplied and grossly overpricedAverage rent asking price nationally was put at €1,922 per month, 41 per cent higher than before the pandemic
Fonte: IrishTimes - 🏆 3. / 98 Leggi di più »

Ireland’s rental market is so dysfunctional even the data does not make senseIn a functional property market, you would expect different sets of data on rents to concur. Not here
Fonte: IrishTimes - 🏆 3. / 98 Leggi di più »