Seanad debates

Tuesday, 21 May 2019

Residential Tenancies (Amendment) (No. 2) Bill 2018: Report and Final Stages

 

2:30 pm

Photo of David NorrisDavid Norris (Independent) | Oireachtas source

I am seeking to give an indication of the volume of resentment that exists regarding these provisions. The proposed amendment contains a substantial refurbishment definition that is making it difficult for most and impossible for some to make any useful investment. Another correspondent writes:

I could do substantial refurbishments, the first of which is the crazy 25% extra floor area, and I would probably do some others. I would prefer not to do that as the properties are interest only and still in negative equity, because of section 23 of the previous Government's-----

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