Alice-Mary Higgins (Independent) | Oireachtas source

I move amendment No. 3:

In page 5, between lines 31 and 32, to insert the following:

“(f) by the insertion of the following subsection after subsection (5B):

“(5C) Notwithstanding subsection (5), in setting, at any particular time, the rent under a tenancy of a new dwelling in a rent pressure zone, where no tenancy in respect of that dwelling has previously subsisted, an amount of rent shall not be provided for that is greater than the amount determined by the formula—

R_{B_room}x (1 + 0.02)

where—

R_{B_room}is the median rent for the County Council area in which the dwelling is located, for a dwelling with the number of bedrooms, according to the most recent quarterly rent price data published by the Board.”,”.