On January 18, 2016 By Karl Deeter In property pricesWith 4 CommentsTags: contract law, dublin rents, fair rent, fixity of tenure, how to get a long term lease Contracts, not silly rules, are the better form of rent regulation
Sounds a good idea to help bring about a mature and settled rental market. Do you see any drawbacks ?
Hi Ian, there are some, if there were long leases then most likely the best property and locations would be locked out for many new entrants to the market, you see this in places like New York or even in Paris where only the people who were there forever seem to be able to live in certain desirable neighbourhoods. There are other problems such as the cost of breaking the contract which can fall on the renter, issues of worker mobility and many other things but in general I’d still see it as a good advancement.
Good idea Karl, are the long leases that are common in France and Germany flexible to allow regular sale of the property
Great article Karl. Thanks for that