Thursday, 20th September 2018
Social media Waterford Today on Twitter Waterford Today on Facebook

The private rental sector is being destroyed by stealth due to the unnecessarily and complex legislation surrounding it, more of which was announced by Minister Murphy.

That is the stark message from the national landlords' representative body, the Irish Property Owners Association (IPOA). Chairman Stephen Faughnan slammed the continual attacks made on the owners of private rental accommodation. He laid out the reality of being a landlord today, citing a huge volume of complicated legislation which effectively gives tenants all the rights and puts landlords "on the back foot" whenever housing is on the agenda.

The proposed restriction of a deposit to one month represents a gross violation of property rights and further dilutes protection for the private sector landlord who is already under severe pressure by a series of ill-thought out Government actions. Talking to Members of the Irish Property Owners Association (IPOA), the Chairman, Stephen Faughnan, said: "Many landlords have voluntarily accepted just one month deposit, but it has become increasingly difficult to justify not increasing the deposit due to the unfair position landlords have been put in by the bureaucratic system involved when tenants are not compliant with their obligations". He said this situation was brought on by "the failure of Governments to understand the reality of life for the providers of private rental accommodation" instead of looking at the providers as partners in the provision of accommodation for our citizens.

The Irish Property Owners Association (IPOA) have also criticised the introduction of a formal deposit protection scheme as being "another layer of unnecessary bureaucracy and a further assault on the providers of private rental accommodation". In a note to Members, Chairman Stephen Faughnan said that the Scheme will lead to "untold and greater misery" for tenants as they will not be able to have their deposits refunded on their departure day to fund new accommodation. "The refund process may take several months", he said, "compared to the current position where tenants can get an immediate refund, subject to their accommodation being left in the same condition as they found it and their rent being up to date".

"In the situation that we have where extreme protection is offered to anti-social and non-paying tenants, while landlords have to cope with not being allowed all legitimate expenses against tax on rental income, it is inevitable that landlords will exit the market, which will contribute to the very real housing crisis." said Mr Faughnan. "We need to urgently address the problems with bad tenants, just as much as we must address the problems with bad landlords. Any group in society will have good and bad, and landlords and tenants are no different. The reality is that the vast bulk of landlords are currently providing good quality and affordable accommodation, which is much appreciated and valued by the vast bulk of tenants but not by successive Governments.

- Rent control;

- Custodial deposit protection;

- Annual registration; are not in the interest of tenants or property owners.


Letters to the Editor

  • Waiting can be bad for your He...

    When the latest statistic that waiting times for patients had risen to their highest level yet, there can't have been too many people that were surprised.There are now over 700.000 people on waiting lists with over 50.000 of them children. That so many people are waiting for treatment in one of the most developed economies in the world is truly frightening. Of course you can take into account the underfunding of the health sector during the economic downturn but it still wouldn't fully explain why so ma …

    read more »

Weekly Poll