Written answers
Thursday, 15 January 2015
Department of Justice and Equality
Ground Rents Abolition
Éamon Ó Cuív (Galway West, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
118. To ask the Minister for Justice and Equality the system for householders to buy out their ground rent; if she will provide a list of the State system and charges; if a landlord must sell at seven times annual rent or is a landlord legally entitled to go higher; if a landlord can charge administration, search and registration fees or if these are all available free under the State system; if a landlord is legally entitled to claim arrears; and if she will make a statement on the matter. [1879/15]
Frances Fitzgerald (Dublin Mid West, Fine Gael)
Link to this: Individually | In context | Oireachtas source
The general position regarding ground rents is that section 2 of the Landlord and Tenant (Ground Rents) Act 1978 introduced a prohibition on the creation of new leases reserving ground rents on dwellings. As regards existing ground rents, Part III of the Landlord and Tenant (Ground Rents) (No.2) Act 1978 contains a statutory scheme, administered by the Property Registration Authority (PRA), whereby the holder of a leasehold interest may, at reasonable cost, acquire the fee simple in his or her dwelling. To date, over 80,000 applicants have acquired freehold title to their property under this scheme. Comprehensive details of the scheme, including details of the manner in which the fee simple can be acquired and the fees involved, are available on the PRA's website (www.prai.ie).
No comments