CABINET YESTERDAY SIGNED off on proposals to ensure that all renters – including students – won’t have to fork out multiples of their monthly rent amounts when signing a tenancy agreement.
Housing Minister Darragh O’Brien brought a memo to Cabinet that will restrict upfront payment demands made by landlords.
Under the new regulations, which the government plans to have passed into law by the summer, renters will only be required to supply a deposit and a month’s rent in advance, and the total value will not be allowed exceed the value of two months’ rent.
In addition to tackling the issue of large upfront payments, Cabinet has also extended the current Covid-19 protections for renters.
Those who have been negatively impacted by the pandemic will see their protections extended
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