State’s rental market regulator’s projected deficit over €2 million, board said

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 98%

United States News News

United States United States Latest News,United States United States Headlines

The board of the State’s rental market regulator expressed concern over the organisation’s finances at several points last year, which saw its projected deficit reach more than €2 million, minutes of internal meetings show

Minutes of RTB board meetings held in 2022 were released to The Irish Times under the Freedom of Information Act.

Board members also raised problems reported by landlords in registering their tenancies with the RTB as required following the introduction of a new multimillion euro software system. There was concern that landlords were having difficulty using the RTB website to register, and might “disengage” as a result, according to minutes of a May 12th meeting.

Separately, Caren Gallagher, RTB head of research, reported there were “issues” with the regulator’s data on the number of tenancies registered annually. He said many tenancies were actually “inactive” as landlords had “neglected” to inform the RTB when a tenancy ended. During a September 8th meeting the board heard the RTB’s forecast deficit for the year had increased to €2.2 million. Mr Kelly said this was mainly due to increased costs to try to fix issues with the new registration system. Projected costs for software to help address the issues had increased from €300,000 to €800,000, with some board members expressing concern at the increase.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines