Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Sunday 10 December 2023 Dublin: 7°C
Sam Boal/ Simon Coveney
vulture fund

Termination notices sent to Limerick apartment residents to be withdrawn

People living in The Strand apartments had been facing eviction.

HOUSING MINISTER SIMON Coveney has welcomed the news that termination notices served on residents of The Strand apartments in Limerick City are to be withdrawn.

People had been facing eviction after the property was bought by a vulture fund.

The Housing Department said Sova Properties is writing to the residents affected to confirm the notices are being withdrawn and that they will abide by the spirit of the so-called Tyrrelstown amendment which comes into effect next week.

That amendment to the Residential Tenancies Act was brought through the Oireachtas in December as part of the government’s rental strategy. The effect of the provision is to require that tenancies are protected where a landlord or investor wishes to sell more than 10 properties in a single development, as happened at Tyrrelstown, Dublin 15, last year.

Speaking today, Coveney said the decision to withdraw the notices is “an important reassurance for households who had been facing significant uncertainty”.

There was no legal requirement for Sova to take this approach so I commend them for doing what was the socially responsible thing by respecting the will of the government and the Oireachtas.

“This shows the value already of some of the measures contained in the government’s strategy for the rental sector and the importance of a partnership approach by all players; tenants, accommodation providers and government,” the minister said.

Read: Renters in Limerick apartments to be evicted after homes bought by vulture fund

Read: Tyrrelstown law might not save Limerick renters from eviction

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.