Oireachtas Joint and Select Committees
Tuesday, 21 March 2023
Joint Oireachtas Committee on Housing, Planning and Local Government
Tenant In Situ Process: Discussion
Mr. Coil?n O'Reilly:
There are a couple of reasons for that. First, the landlord, obviously, has a relationship with the tenants and may want to see the tenants stay in the property. They may be a tenant for ten or 15 years in some cases, so the landlord may have a wish to see the family that is living in the property continue to live there. The second reason is there is security of transaction with a local authority. Sometimes, if you are purchasing a property, you might be in a chain, waiting on somebody to sell and somebody further to sell. When you enter into engagement with a local authority and we get to the negotiation phase, you know that the money, want and will are there to acquire the property. Third, and most simply, it saves on the estate agent fees for the landlord. They can go straight to the local authority. There is a small financial reason as well. Those are generally the reasons.
No comments