Terence Flanagan (Dublin North East, Fine Gael)
Link to this: Individually | In context

Question 621: To ask the Minister for Justice and Equality his views on upward only rent review clauses; the impact that action will have on Ireland's image abroad as a stable home for foreign direct investment; and if he will make a statement on the matter. [22925/11]

Alan Shatter (Dublin South, Fine Gael)
Link to this: Individually | In context

As the Deputy will be aware, the Programme for Government indicates that legislation will be introduced to end upward only rent reviews for existing business leases. Following on from an initial consultation process with the Attorney General, I have forwarded outline proposals to her for further examination and development.

Those proposals have already been the subject of preliminary discussion by Government and I envisage that the proposed legislation will be published during the current Dáil session.

In the context of the examination of the issues arising in relation to upward only rent reviews, there are various considerations which need to be assessed, including the impact which any action would have in relation to foreign direct investment. I am confident that a balanced proposal can be advanced which will take due account of the views of all relevant stakeholders.