Lynn Ruane (Independent) | Oireachtas source

I move amendment No. 18:

In page 12, between lines 21 and 22, to insert the following:“Further amendment of section 34 of Act of 2004

13. The Act of 2004 is amended by the insertion of the following section after section 34:

“Restriction on termination of tenancies in buy-to-let dwellings

34A. (1) A Part 4 tenancy may not be terminated by the landlord on the ground specified in paragraph 3 of the Table to section 34 where the dwelling or the property containing the dwelling is the subject of an existing investment mortgage.

(2) Subsection 1 shall apply to all Part 4 tenancies, including a tenancy created before the commencement of this section.

(3) Subsection 1 shall not apply to a Part 4 tenancy where a notice of termination was served to a tenant citing paragraph 3 of the Table to section 34 before the commencement of this section.

(4) In this section ‘investment mortgage’ means a mortgage taken out following the commencement of this section as a security in respect of a residential property that was not at the time of its purchase intended to serve as the principal private residence of the mortgagee.”.”.