Wednesday, 1 June 2016
Rent Certainty Bill 2016: First Stage
That leave be granted to introduce a Bill entitled an Act to amend the Residential Tenancies Act 2004 to provide for rent certainty in the private rental market by linking changes in rent arising from a rent review to the Consumer Price Index.
I move: "That the Bill be taken in Private Members' time."
The amendment to the Residential Tenancies Act is very straightforward. It seeks to ensure that future rent reviews are linked to the consumer price index. This is an issue on which the last Government deliberated but, unfortunately, it chose not to address it. I appeal to the Minister responsible for housing to reconsider this matter as part of the action plan for housing. We have tabled the motion because we are seeking to introduce change through legislation.
The Rent Certainty Bill. It is of great importance, particularly to stop the flow of families into homelessness because of the spiralling cost of rent. I urge the Minister to give it active consideration.