Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source

Yes, once the rent pressure zone is enacted the 24-month rule continues to apply until the rent review at the end of that period. Thereafter it is an annual rent review at no more than 4% until the three-year period ends. This is a temporary intervention. It says that nothing changes with the current review and that when the review is up there can be no more than 4% of an increase. Thereafter, during the three years of the designation of rent pressure zones, there cannot be more than a 4% increase and it cannot be within 12 months because the former Minister's amendment does not apply.

That is exactly how I have explained it repeatedly and that is how it is carried forward in the legislation.

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