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Dáil Question on regulation of commercial tenancies

21st May 2013 - Alan Farrell TD

To ask the Minister for Justice and Equality his views on the feasibility of establishing an independent regulator or register for commercial tenancies, landlords and tenants; and if he will make a statement on the matter.

Reply from the Minister for Justice and Equality, Alan Shatter T.D. 

Regarding the feasibility of establishing a register for commercial tenancies, the Property Services (Regulation) Act 2011 provides for the establishment and maintenance of a Commercial Leases Database by the Property Services Regulatory Authority.   This Database will assist in providing readily accessible, accurate information in order to determine the market rent payable in respect of comparable commercial properties.   Work is underway to ensure that the Database will be operational shortly.