Fianna Fáil TD for Cavan-Monaghan, Niamh Smyth, has expressed her delight that the Landlord and Tenant (Ground Rents) (Amendment) Bill 2017 has passed all stages of the Dáil and Seanad and will be signed into law in the coming weeks.
The Fianna Fáil legislation was introduced to resolve the ground rent issues in Carrickmacross Main Street, and similar issues nationwide.
Deputy Smyth commented, “I am very proud of the role I and my Fianna Fail colleagues have had in bringing forward this legislation which will have a very real impact on the people and business owners in Carrickmacross.
“As it stands, businesses on the west side of Carrickmacross Main Street must pay ground rent to the Shirley Estate as the property is a freehold. The legislation will allow people to buy the freehold of their property.
“Once the Bill is enacted, businesses will no longer have to pay ground rents to landlords due to Ireland’s colonial past. This will provide certainty to businesses fearful of investing in their business due to the threat of their ground rent bills being increased.
“This Bill will have a positive impact on people all around the country, but Carrickmacross is one of the towns worst affected by the ground rents rules as nearly half of the main street is owned by an absentee family who were given the land by Queen Elizabeth I in the 16th century,” concluded Deputy Smyth.