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Sinn Féin to table a motion today calling for reduction in rents

May 4, 2022 07:25 By News Northern Sound
Sinn Féin to table a motion today calling for reduction in rents
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This evening's motion, if passed, would ban rent increases for three years, for both new and existing tenancies.

Sinn Féin is set to table a motion today calling for a reduction in rents.

Local Sinn Féin TD Pauline Tully says her party will use its Private Members time to "call for action to end the crisis in the rental sector, and provide real security of tenure".

The latest report from the Residential Tenancies Board shows that rent increases for new tenancies grew by 9% nationwide in the last three months of 2021.

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The report also shows that rents have doubled since 2011.

Deputy Tully says this evening's motion, if passed, would ban rent increases for three years, for both new and existing tenancies.

She adds that it would also "introduce a refundable tax credit to put a month's rent back in every private renter's pocket".

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