Renters will have the right to tenancies of “unlimited” duration under new draft laws from Minister for Housing Darragh O’Brien.
The laws are part of a package of measures that includes a 2% cap on annual rent increases in designated pressure zones and aims to “significantly” reduce rent increases.
Indefinite tenancies will come into force six months after enactment and on new tenancies settled after that point. This will give renters the right to a lease with a total duration of six years.
The grounds for termination include landlords having the right to end tenancies if they need the property for their own use or for a family member.
They can also end tenancies if they plan to change the business use of a property, or refurbish it substantially, or if they intend to sell it within nine months.
Read full article: IrishTimes.com