Oireachtas Joint and Select Committees

Tuesday, 5 December 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Residential Tenancies (Right to Purchase) Bill: Discussion

Mr. Patrick Davitt:

I will talk about the auction before we move on. In the auction process, of course you can put a reserve price of €450,000 on a property. What do we do if there is a reserve price of €450,000 and you have passed this at this stage and are at €460,000? What do your do if the tenant comes along and says they will get €460,000? Will the tenant give me €460,000? I have to close this.