Act on rent reviews - SCS

THE Society of Chartered Surveyors Ireland has urged the Minister for Justice Alan Shatter to make a policy decision on the issue…

THE Society of Chartered Surveyors Ireland has urged the Minister for Justice Alan Shatter to make a policy decision on the issue of upwards only rent reviews as a matter of urgency.

Society president John Curtin told the inaugural AGM yesterday that the current limbo situation was preventing investment deals going ahead as investors were reluctant to reach agreement while the issue of upwards only rent reviews remained undecided. Normal investment business would only resume when that decision had been made.