National Asset Management Agency

Dáil Éireann Debate, Thursday - 19 July 2012

Thursday, 19 July 2012

Questions (67)

Michael McGrath

Question:

67 Deputy Michael McGrath asked the Minister for Finance if he will provide details of the number of inquiries and formal applications made to the National Asset Management Agency by debtors and tenants for a rent reduction since the issuing by NAMA of the guidance note on upward only commercial leases on 6 December 2011; the number of such applications which ultimately resulted in NAMA approving a rent reduction; the number which were refused by NAMA; and the number still under consideration by the agency. [36076/12]

Written answers

Minister for Finance (Deputy Michael Noonan)

I am advised by NAMA that to the end of May 2012 it had received 194 eligible applications from its debtors for rent abatement. 145 applications had been approved, four were refused and the remaining 45 applications were under review. This included 80 which had been received since the issue of the aforementioned guidance note, of which 32 were approved, three were refused and the remaining 45 are under review.