Oireachtas Joint and Select Committees

Thursday, 28 September 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank

9:45 am

Mr. Shane O'Sullivan:

It depends on different scenarios. If we appointed a rent receiver, for example, we would allow that to continue indefinitely so once tenants are paying rent we would be happy for them to stay in place for as long as it suits everyone. If we have a repossession order for a property, the nature of the system here means that tenants will typically get 18 months from the period of notice as the repossession order and execution order move through the system.

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