The Minister for Housing, Local Government and Heritage Darragh O’Brien TD has announced new student rental protections.
Under the Residential Tenancies (No. 2) Bill 2021 any upfront payment upon the commencement of a tenancy will be restricted to a total value that does not exceed two months’ rent i.e. a deposit and one month rent in advance.
This restriction will apply to all tenancies including for students residing in student specific accommodation. A student can make a larger upfront payment if they so wish, by way of an opt-out option, but they cannot be forced to do so.
The Bill also provides that the notice period to be given by students in respect of student specific accommodation will be limited to a maximum 28 days’ notice.
Welcoming the provisions Minister O’Brien said, “Today Cabinet have approved the introduction of a number of rental protections which will benefit students. These measures are just the beginning of a suite of rental protections which I hope to bring forward in the autumn to protect all tenants.
“Having met previously with members of the USI, I know they were particularly concerned about students being asked to pay up to a year’s rent in advance and having to provide lengthy termination notices. The measures Cabinet have approved today will go some way towards alleviating the concerns raised.
“We do need to increase the availability of accommodation for students – this is the most effective way to provide real choice and options. I will continue to liaise with Minister Harris and the USI on this matter,” concluded Minister O’Brien.
The rental measures approved by Cabinet today also included the extension of the targeted protections which are in place for those negatively impacted by COVID-19, in arrears and at risk of homelessness. Subject to the eligible tenant making the necessary declaration they will be protected by rent increases and evictions until January 12th 2022.