New Bill For Businesses To Go Before The Dáil For Approval

A new Bill is to go before the Dáil which aims to increase rights for businesses who would prefer to buy out the freehold of their property.

The amendment to the Landlord and Tenant (Ground Rents) (No 2) Act 1978 will enable a tenant under certain prescribed conditions the opportunity to buy out the freehold of their premises.

The Bill has now passed through all stages in the Seanad.


Fianna Fail Senator Gallagher commented: "The purpose of this Bill is to deal with a serious issue which directly affects a number of businesses on the west side of Main Street Carrickmacross and many other towns and cities right across Ireland. The Bill seeks to allow businesses who rent out their premises to buy out their freehold if they so choose to do so. A Supreme Court ruling made in 2012 had prevented them from doing so.

"The Bill was before the Seanad earlier this week and the Government has consented to allowing the Bill to progress to the Dáil for approval. The Government has indicated that amendments may be necessary to make the Bill constitutionally sound, and Fianna Fáil is willing to work with all party’s to achieve this."

(CD/MH)