Oireachtas Joint and Select Committees

Tuesday, 18 October 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Implementing Housing for All: Discussion (Resumed)

Mr. Dermot Mahon:

We have not had any returns yet. That is the current position. We have not had that experience in relation to long-term leases. The properties are all still in lease and they have not actually expired yet. There is a cost on the local authority because once that term is up there will be a requirement to potentially spend some money upgrading the property to hand it back to the landlord, if it is his or her desire to receive the property back. We must make provision for a sinking fund for repairs to those types of units. There is an ongoing cost. We are responsible for the day-to-day repair and maintenance but there is also a sinking fund costs there which we must factor in.

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