Oireachtas Joint and Select Committees
Wednesday, 22 October 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functions: National Asset Management Agency
5:30 pm
Sean Barrett (Independent)
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NAMA has my support in that regard. I refer to question No. 24 on page 15. The sales of properties in individual lots would have required the displacement of existing tenants. The Seanad debated this matter with the former Minister, Deputy Shatter. I am not sure that tenants have no rights in those situations. NAMA would certainly be more popular if it were selling in individual terms. We had correspondence with the then Minister, Deputy Shatter, about the case of a buy-to-let person who goes broke and that the right is against that person. If the tenant can show that he or she has been paying rent the whole time the idea that the sale of a property automatically has the displacement of the existing tenants - even if they are compliant - seems to me to be strange. However, that is how the sentence reads on page 15.