Thinking of selling a rental property? You should probably get a move on...

kinnjohn said:
you seem to have a blind spot when it comes to Government policy,
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I really dont think you understand the issues here.
Its like you are talking about a completely different subject than the thread is about.
Have you read the thread?
 
OMG_OMG said:
I really dont think you understand the issues here.
Its like you are talking about a completely different subject than the thread is about.
Have you read the thread?
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Have you
read sarenco first post again
then click on the link he/she supplied
the labor party Bill as proposed by Ivana Bacik is supported by FF?FG/Greens and the independents supporting the Government, the present Government support this bill,
Did you miss it,
 
Ok, you are obviously in some kind of mood here, so this will be my last response to you. Please ignore my posts if you dont think they are relevant to the thread. Anyone who thinks they are relevant can read them if they like.
 
OMG_OMG said:
Would you do it now though given the legislation since you last did it?
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Fair question! We were FTBs and not in any rush out of our rented apartment so a delay or even sale falling through wouldn't have been the end of the world. The landlord and estate agent hadn't even managed to get the tenants out to the pub for an hour during the open viewing! They were sitting watching TV as people wandered around their bedrooms. I reckoned this put a lot of other viewers off in the end.

I think the change in the legislation makes it easier for the 5% of difficult tenants to be more difficult. But the vast majority of tenants will get on their way once sufficient notice is served and the landlord isn't otherwise being unreasonable.

As @Shirazman says, my attitude would be different as a seller and I would wait til tenants are gone to put it on the market. I've managed some estate sales for relatives since. My gut feeling is that very small things can put people off. Presentation makes a big difference even though logically it shouldn't, and you want to make the property you are selling look as inviting as possible.
 
Capricorn 1 said:
I'm wondering how long this Bill will take to go through and how likely it is to succeed due to the fact that the Minister did not oppose it? The element of the bill that I am most concerned about is not being able to sell my property with vacant possession. I had intended to sell in the next two years. Perhaps I should send out the notice of termination now.
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Difficult to answer that one but in the Dail debate on the Bill, the Minister for State for Housing reiterated that the Government will not oppose this Bill and commits to examining the positive ideas contained therein in the context of progressing its own rental reforms later this year.
www.oireachtas.ie

Dáil Éireann debate - Wednesday, 22 Sep 2021

Residential Tenancies (Tenants' Rights) Bill 2021: Second Stage [Private Members] Dáil Éireann debate - Wednesday, 22 Sep 2021
www.oireachtas.ie
Specifically on restricting the grounds for termination of tenancies, the Minister for Housing stated as follows:

"There is the question of grounds of termination by a landlord in a Part 4 tenancy. Deputies know Part 4 rights were extended from four to six years in 2016, which was welcome. In Housing for All, the strategy I published as part of this Government's policy, security of tenure will be strengthened for tenants subject to legal advice. We must do this by legislating for tenancies of indefinite duration. There is a commitment in the programme for Government, and it is reiterated in Housing for All. An upcoming Government rental Bill - either the tenancy Bill I will deal with next or the one after that - will contain work that is ongoing in the space to look to address tenancies of indefinite duration."

My guess (and it's just a guess) is that we will see "no fault" terminations further restricted by the end of this year/early next year.

I actually have some sympathy for what the Bill is trying to achieve in this regard. However, if I was debating whether or not to stay in the residential rental business, I think this prospect would prompt me to exit the business sooner rather than later.
 
Sarenco said:
Deputies know Part 4 rights were extended from four to six years in 2016, which was welcome. In Housing for All, the strategy I published as part of this Government's policy, security of tenure will be strengthened for tenants subject to legal advice. We must do this by legislating for tenancies of indefinite duration.
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It would be interesting to see statistics on this. How many landlords exercise their right to make a "no-reason-needed" termination of tenancy once the four- or six-year period is up?

I suspect it is extremely small.

I agree tenancies of indefinite duration are in principle a good thing. But the quid pro quo should be to give landlords the mechanism to (over time) set rents back to market levels. Fixing rents in real terms at July 2021 levels will be good for some individual tenants but bad for the market as landlords just sell up.
 
A couple of months ago the Minister for Housing was announcing plans to incentivise recipients of the fair deal to rent their homes while in a nursing home. We were told thousands of empty houses would be brought into the rental market. Now the same minister is not going to oppose a bill that could land people with a sitting tenant in the family home when they go to sell it. Well done Darragh O’Brien, great incentive!
 
valery said:
A couple of months ago the Minister for Housing was announcing plans to incentivise recipients of the fair deal to rent their homes while in a nursing home. We were told thousands of empty houses would be brought into the rental market. Now the same minister is not going to oppose a bill that could land people with a sitting tenant in the family home when they go to sell it. Well done Darragh O’Brien, great incentive!
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That's a very important point. Any benefit to be gained for renting could be cancelled out by reduction in value of the property when selling without vacant possession.
 
NoRegretsCoyote said:
I think that's a bit extreme. I bought a house with sitting tenants in it about a decade ago. They were gone by the time the sale closed.

Money talks and in the scheme of a house sale a few thousand euros to difficult tenants by the vendor will usually see them move on.

That said, if I was a landlord selling up I would make sure the tenants were out before viewings started.
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Things have changed a lot in a decade. I would be concerned what changes will happen next.
 
valery said:
A couple of months ago the Minister for Housing was announcing plans to incentivise recipients of the fair deal to rent their homes while in a nursing home. We were told thousands of empty houses would be brought into the rental market. Now the same minister is not going to oppose a bill that could land people with a sitting tenant in the family home when they go to sell it. Well done Darragh O’Brien, great incentive!
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No great lover of politicians, but are they to blame for a person who won't pay their share? Some people just refuse to pay anything if they get away with it, and we're finding plenty of others to support them along the way. This in turn leads to others doing the same, the numbers rise and rise and everyone starts thinking this is the norm. We're going down a very dangerous road with our society and carefree attitude. God only knows what way things go after the next election, when a "promise everything party" get into power.
 
noproblem said:
No great lover of politicians, but are they to blame for a person who won't pay their share? Some people just refuse to pay anything if they get away with it, and we're finding plenty of others to support them along the way. This in turn leads to others doing the same, the numbers rise and rise and everyone starts thinking this is the norm. We're going down a very dangerous road with our society and carefree attitude. God only knows what way things go after the next election, when a "promise everything party" get into power.
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They are already in power and their culture is now the new norm, If they present lot get thrown out at the next election it will be for wasting taxpayers money, you reap what you sow,
 
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kinnjohn said:
They are already in power and their culture is now the new norm, If they present lot get thrown out at the next election it will be for wasting taxpayers money, you reap what you sow,
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Be careful what you wish for. If you think the present lot are bad, wait until you see what's coming.
Then again, we all think we could do a better job, i've no idea how I could do it better, but I could tell them how to :confused:
 
noproblem said:
Be careful what you wish for. If you think the present lot are bad, wait until you see what's coming.
Then again, we all think we could do a better job, i've no idea how I could do it better, but I could tell them how to :confused:
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We seem to have crossed lines, I wish it not to happen, but the present lot found the Magic Money Tree and can't wait to spend all at once,:confused:
the problem with the present lot up to now is they used to leave the mess to the next lot to sort out, now it is looking like it will be SF turn to sort out there mess,:)
 
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It's become very clear that the coalition governemnt is terrified of defending landlords' rights, irrespective of the fairness or otherwise of the proposed legislation. Perhaps the Equality Authority should be directed to add "Being a Landlord" to its list of categories of groups who are frequently the subject of discrimination.

[Discrimination is described in the Equality Act as the treatment of a person in a less favourable way than another person is.]
 
Shirazman said:
It's become very clear that the coalition governemnt is terrified of defending landlords' rights, irrespective of the fairness or otherwise of the proposed legislation. Perhaps the Equality Authority should be directed to add "Being a Landlord" to its list of categories of groups who are frequently the subject of discrimination.

[Discrimination is described in the Equality Act as the treatment of a person in a less favourable way than another person is.]
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I'm surprised nobody has held a benefit concert for landlords.
 
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