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Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: If he reads the amendment that Deputies Coppinger, Barry and Paul Murphy introduced, he will discover that they also included the t/12 formula. There has been a genuine effort in my view-----

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: I, as Minister, take responsibility for it and I am correcting it. We have recommitted the Bill in order to debate the matter. I am answering the Deputies' questions. We are going to fix it, return to Report Stage and try to get the job done. I am happy to hear what people have to say and to answer their questions. In response to the very genuine question regarding if we take out the...

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: 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....

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: On that basis, the Deputy would never believe me again.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: Come on. We are fixing an issue as early as we can.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: It is. I can show the Deputy where it is.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: Can I answer that point?

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: They will not have to do that.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: Yes.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: Yes. I am happy to do that. I wish to clarify that when this issue was raised, we moved on it straight away.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: Is there a timeline for the recommittal?

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: I can recommit it to committee, if that is helpful. We can provide any clarity that people want. I move that the Bill be recommitted in respect of amendment No. 3ato amendment No. 55.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: First, I will address the question of two years versus one year. As Deputy Coppinger knows, my predecessor introduced legislation to the effect that rent reviews could only happen once every 24 months. That is still the position. For those who have had a rent review, there will be no rent review for a further 24 months after that review. I will explain how it applies in the case of rent...

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: We do.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: A number of Deputies have raised the calculation formula that is being used to set the 4% maximum limit on rent increases within rent pressure zones. Deputy Ó Broin raised it initially and Deputy Curran raised it subsequently. Deputy Shortall and one or two other Deputies raised the issue as well and asked for clarification on it. An understandable interpretation of the calculation,...

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: No. I am making this change for the purposes of ensuring there is no confusion. I have said consistently that I am keen to ensure people in Dublin who are facing rent reviews in January and February will not have to contend with increases of 15% or 20%. Under this legislation, it will not be possible for their rent reviews to result in increases of more than 4%. That was always the...

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: The Deputy should not start playing politics.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: I have.

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: Have you even read the strategy?

Planning and Development (Housing) and Residential Tenancies Bill 2016: Report Stage (15 Dec 2016)

Simon Coveney: He has been there for the past hour.

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