Landlords can set own rents

‘Market rates’ self-assessed under new bill

- BY CILLIAN SHERLOCK

LANDLORDS will be expected to self-assess whether rents they set truly reflect market rates under the Government's rental reforms.

Housing Minister James Browne secured Cabinet approval yesterday for a new Residential Tenancies Bill which will introduce tenancies of minimum duration, establish a rental price register, and restrictions on no-fault evictions.

Once enacted, the bill's provisions will come into effect for new tenancies created from March onwards.

The law was devised to address investors’ longstanding complaints that rent regulations were not attractive.