Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

As I noted in my original reply, when a buy to let is sold, the rights of the tenants continue. They do not lose any other their rights because of a change of ownership. In circumstances where a receiver is appointed to manage a landlord's interest in a dwelling, it is essential that the rights of tenants are protected. While the circumstances of each case may vary depending on the terms of the mortgage or charge under which a receiver is appointed, the policies and procedures of banks in appointing receivers cannot affect the statutory or contractual rights of tenants.  The tenant continues to enjoy the same security of tenure.  The appointment of a receiver does not mean that a tenant loses his or her rights under the Residential Tenancies Act 2004.  Security of tenure under the 2004 Act is based on a rolling four year tenancy cycle. Where a tenant has been in occupation of a dwelling for a continuous period of six months and no notice of termination has been served in respect of that tenancy prior to the expiry of the six months, the tenancy is established for the remainder of the four year period and it becomes a Part 4 tenancy.

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