Comments on: Upward Only Rent Review reform back in the frame after IBRC liquidation Bill http://namawinelake.wordpress.com/2013/02/10/upward-only-rent-review-reform-back-in-the-frame-after-ibrc-liquidation-bill/ Click the green link above for latest news and over 2,600 related articles. NAMA - National Asset Management Agency - part of Ireland's response to its banking crisis and property bubble Sun, 19 May 2013 10:13:33 +0000 hourly 1 http://wordpress.com/ By: Howya http://namawinelake.wordpress.com/2013/02/10/upward-only-rent-review-reform-back-in-the-frame-after-ibrc-liquidation-bill/#comment-62451 Mon, 11 Feb 2013 14:02:52 +0000 http://namawinelake.wordpress.com/?p=13923#comment-62451 The parallel argument to changing UORR is debt forgiveness for mortgage holders. Changing UORR to benefit tenants is akin to debt forgiveness – i.e. one party benefits. Debt restructuring on the other hand allows the debt holder to have some sort of potential future upside – and I’ve not heard any such similar suggestions for landlords.

]]> By: Will http://namawinelake.wordpress.com/2013/02/10/upward-only-rent-review-reform-back-in-the-frame-after-ibrc-liquidation-bill/#comment-62414 Mon, 11 Feb 2013 10:08:34 +0000 http://namawinelake.wordpress.com/?p=13923#comment-62414 +1, it’s tiresome at this stage. No doubt some will be in to wave around Hogan’s waver-thin, bought-and-paid-for letter of advice any time now.

]]> By: who_shot_the_tiger http://namawinelake.wordpress.com/2013/02/10/upward-only-rent-review-reform-back-in-the-frame-after-ibrc-liquidation-bill/#comment-62386 Sun, 10 Feb 2013 23:53:09 +0000 http://namawinelake.wordpress.com/?p=13923#comment-62386 There is no chance of the UORR legislation being changed to enforce downward rent revisions on existing leases, unless landlords are paid compensation.. The country would be seen as a banana republic from an financial investment perspective – somewhere akin to Zimbabwe. It just is not going to happen. We would become an economic pariah.

Having said that, this is the country that guaranteed all the bondholders in its insolvent zombie banks. Our politicians’ stupidity knows no boundaries.

]]> By: V.H http://namawinelake.wordpress.com/2013/02/10/upward-only-rent-review-reform-back-in-the-frame-after-ibrc-liquidation-bill/#comment-62366 Sun, 10 Feb 2013 18:49:01 +0000 http://namawinelake.wordpress.com/?p=13923#comment-62366 I’d be far more worried were I a member of the civil service. The property right to their pay and pensions is very thin indeedy.
As to the UORR, there are a few things connected. If it was the requirement of the state to take over a building/land/area of seas to provide a military base. That’s simple enough. Or even to buy an entire street and hand it over to the tenants. That’s been established with the Land Acts. But what whats happening here with the UORR’s is stepped and would have the state interfering between parties on a contract both entered willingly.
Mind you, what they could do is provide a mutual out. Say three years at current rent to quit.

]]> By: Miriam Cotton http://namawinelake.wordpress.com/2013/02/10/upward-only-rent-review-reform-back-in-the-frame-after-ibrc-liquidation-bill/#comment-62332 Sun, 10 Feb 2013 14:39:37 +0000 http://namawinelake.wordpress.com/?p=13923#comment-62332 Wishful thinking! How is property defined – i.e. does it include savings? Reckon they are preparing to seize and freeze anything they can get their hands on.

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