Fianna Fáil Senator Robbie Gallagher says the passing of his Bill today will resolve a long-standing tenancy irregularity in Carrickmacross Main Street and similar incidences nationwide.
Senator Gallagher explained, “I am delighted my amendment to the Landlord and Tenant (Ground Rents) (No2) Act 1978 has passed through the Seanad today. The next and final step is legislation being signed by the President which is expected before Christmas.
“Tenants who would have thought they could buy out the freehold in premises they occupy subsequently found out they may not be able to do so in light of the interpretation of the Supreme Court ruling in respect of two key elements namely what buildings were involved and what constituted a “predecessor in title”.
“This amendment will seek to resolve this issue and enable a tenant to go forward and buy out their leases giving them business certainty to be able to reinvest and grow their businesses. It will essentially confirm the original intention of the Oireachtas, which was to confer rights on tenants who had long occupation of premises and had developed such premises at their own expense.
“I would like to thank my fellow Oireachtas members from all parties for their support with this amendment, as well as the County Councillors from the Carrickmacross-Castleblayney Municipal District.
“I hope to see the Bill signed into Law without delay so that business owners in Carrickmacross, and other towns and cities will have certainty when it comes to the purchase of their freehold,” concluded Senator Gallagher.