Róisín Shortall (Dublin North West, Social Democrats)
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128. To ask the Minister for Finance if he is aware that the National Asset Management Agency is breaking the tenancy of residents in dwellings that have fallen under its control owing to repossession or similar; if he has issued directions to the agency on this issue or if there is an official procedure in this circumstance; and if he will make a statement on the matter. [37124/15]

Michael Noonan (Limerick City, Fine Gael)
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NAMA does not own or manage properties.  NAMA has acquired loans.  Its role in relation to properties is, like a bank, that of a secured lender.  I am advised by NAMA that, other than properties that have been enforced, all of which are managed by the appointed receiver/administrator, properties continue to be managed by their original owners.  These parties are responsible for the efficient management of properties securing NAMA's loans.  This includes all engagement with tenants and other commercial counterparties.  Where the owners of property or, on their behalf, receivers/administrators seek vacant possession of a rented residential unit in advance of the sale of the unit they must give the relevant notice to tenants as required under their leases and they must act fully in accordance with the statutory rights and other protections afforded to tenants.

NAMA requires that the sale of properties securing its loans are openly marketed and this ensures that all interested parties, including existing tenants, are given an opportunity to bid for the property.

If the Deputy has any particular instance in mind she may wish to raise it directly with NAMA through its dedicated email address for members of the Oireachtas,