Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland: Allied Irish Banks

2:00 pm

Mr. Brendan O'Connor:

Yes, we do have service level agreements with all of our receivers. As we have a small group of receivers, we can ensure there is consistent interaction between us and the receiver and between the receiver and the tenant, if one is involved. We review these service level agreements on a regular basis. Receivers are aware of our protocol that if a formal lease is in place, we honour it and that where there is no formal lease in place, we give people the maximum notice period allowable under the Act, regardless of their tenancy arrangements. Therefore, if they are only in the building six months, we use the longest notice period in the graduated scale which is, I believe, 118 days.

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