A spokesperson for the Irish Property Owners Association has called for the amount of deposits to be left to the discretion of landlords rather than a specific time scale as proposed under new regulations being discussed in the Dáil today.
Housing Minister Darragh O’Brien intends bringing forward plans to limit deposits to two months’ rent.
The bill will also, if passed, restrict any upfront payment upon tenancy commencement to a total value that does not exceed two months’ rent and restrict any advance rent to cover the forthcoming month only.
Margaret McCormack told RTÉ radio’s Today show that landlords were “the ones taking the risk” and so the amount of the deposit should be left up to them.
The new protections being suggested and the existing protections were all in favour of the tenants, she said.
There was a lengthy process with which landlords had to engage if they wanted tenants who had not paid
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