Ms Ann-Marie O'Reilly:

Regarding the market rent reset, overall we are very supportive of what is being proposed regarding security of tenure and the limitation of no-fault evictions. However, the proposal to allow a market rent reset at different points, in particular at the turnover of a tenancy where the tenant leaves by choice or is being evicted for breaching the agreement, is a concern. We think that will actually undermine the entire security of tenure that is being proposed. At present, tenancies tend to turnover every three to four years, whether as a person's choice or not. If we continue in that vein, in a short space of time - maybe four or five years - we will see the majority of rents at market rent. We will, therefore, have a far more expensive rental market.