Jan O'Sullivan (Limerick City, Labour) | Oireachtas source

I was looking back over the Minister's contribution. It was five hours ago that he told us:

In those areas, annual rent increases will be limited to a maximum amount of 4%. An area will be designated as a rent pressure zone for a period of three years and the provisions limiting rent increases will apply both at the start of a tenancy and at each rent review.

The Minister said that in good faith and, obviously, that is what he intended. However, we now have no idea what that means because we do not know what is to happen in regard to the new formula. Deputy Curran made a good point that it will mean that, at the end of every year, the landlord will feel he has to put up the rent.

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