File photo/Pixabay
Sinn Féin TD for Kildare South, Shónagh Ní Raghallaigh has said the government's rent Bill will mean renters in Kildare could see rents jump by 20.7%, or €3,564 a year.
Deputy Ní Raghallaigh said the government has ‘shafted’ renters with these new rules, as vulture funds and landlords will be allowed to hike up the rents of 60,000 people every year.
She said Sinn Féin will oppose this legislation “tooth and nail”, adding “We need to end the rip-off, ban rent increases and make rents affordable".
Deputy Ní Raghallaigh said: “Fianna Fáil/Fine Gael’s Rent Hike Bill will allow vulture funds and big landlords to hike up the rents of 60,000 people every year. This will mean paying thousands more in rent from March 1st.
READ NEXT: Government has 'completely failed' nurses in Kildare hospital – TD
“This is the most profound change to rent regulation in a decade which will allow landlords to reset rents to market rates at the start of new tenancies and every six years after that. From March 1st of this year, more and more renters will be subject to this new market rent reset rule, meaning already unaffordable rents will be hiked up even further.”
Deputy Ní Raghallaigh said that for Kildare renters, the changes equate to rent hikes of €3,564 a year – a massive 20.7% increase compared to current average rents.
Across the state, the Sinn Féin TD stated, this means rents could jump by an average €3,000 a year.
“This is truly scandalous. Fianna Fáil and Fine Gael have shafted renters yet again. They are being made to pay the price for the government’s failed housing policy.
“Government should be focused on bringing rents down, not caving in to the demands of vulture funds and big landlords for ever higher rents.
“Sinn Féin will oppose this legislation tooth and nail. Rents in Kildare are already too high, renters simply cannot take further hikes.
“We need to end the rip-off, ban rent increases and make rents affordable.
“Stop Fianna Fáil/Fine Gael’s Rent Hike Bill.”
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.