Over 4,500 lease terminations in the fourth quarter of 2022

Over 4,500 lease terminations in the fourth quarter of 2022

According to the Residential Tenancy Board, last year saw over 4,500 notices of termination were sent to tenants. The legislation passed in July 2020 requires landlords to send a copy of the Notice of Termination (NoT) both to the tenant and RTB on the same day.

The RTB has released data which reveals that 4,329 Notices of Termination (NoT) were issued in the 4th quarter of 2022 comprising October to December. Among those, 43% were in Dublin and 11% were in Cork.

58% of the landlords providing eviction notices cited their intention to sell the rental property as the primary reason. The next biggest reasons, accounting for 16.38%, were to make room for a family member's occupancy.

According to the RTB, 16.10% of notices issued had a breach of tenant obligations. However, this doesn't mean that a similar number of landlords are looking to vacate properties, or tenants requiring a new home.

Landlords have the option of sending out one notice to cover multiple tenants in a tenancy or sending separate notices to tenants of the same property.

Eoin Ó Broin, Sinn Féin's spokesperson on housing, has urged for the ban on no-fault evictions to be reinstated immediately upon the release of figures from the Residential Tenancies Board (RTB).

He stated that out of the 3,329 Q4 notices which will be due within April, May and June this year, only a few people will likely secure private rental accommodation; however, the majority won't.

Mr Ó Broin revealed that 11,868 eviction notices were issued in 2022, demonstrating the mounting issue of renters. Ivana Bacik, Labour leader, furthered this point by highlighting the magnitude of this problem.

She strongly urged the Government to reinstate the ban and criticized them for lifting it without "any clear contingency plan".

Cian O'Callaghan, the Spokesperson for Social Democrats Housing, warned of "a tsunami of evictions in the coming months" due to statistics, while also noting that homeless services are already overloaded.

The Executive Director of the Simon Communities of Ireland has expressed alarm over the newly released figures, commenting that the high rate of landlords selling their properties is "very concerning". Wayne Stanley further added that this could lead to a decrease in private rental homes.

He highlighted the findings of a recent report, which revealed that there were "very few options for individuals and families to find a new home, especially those on low or modest incomes." Also, he suggested that any landlords leaving the rental market would only worsen this problem.

Image by Uwe Baumann from Pixabay