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Fri 02 Feb 2010Landlords upping rents to boost Nama value - TD
LANDLORDS ARE increasing commercial rents in order to boost the valuation of property assets ahead of their transfer to the National Asset Management Agency (Nama), it was claimed in the Dáil yesterday.
Labour Party TD Ciarán Lynch said rents were being “inflated” during the rent review process “as a means of creating an over-valuation of properties for debunked developers as they enter the Nama process”.
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