Without realizing it, Fianna Fail are helping the property owners, developers and landlords that (at least by reputation) they were associated with in times past, that they are doing it while trying to help tenants is the funny part.
There are 150,000 tenancies in Dublin and Cork that will be affected by the new rent control regulations, but we have to remember the timing of this because December 2016 is a key month for rent reviews and the start of January is also a fairly active month in lettings.
When Alan Kelly changed the rules in late 2015 it meant a lot of (2014 and before) tenants got a passover of a rent review because landlords didn’t have the time to serve notice, new rents also then started to spike as landlords priced in two years of increases upfront.
This means that for many tenants the two year anniversary is up this month. Landlords have to give notice of an increase but the new price kicks in from month 25 (January).
By delaying the current legislation it means that the …