Dáil Éireann Debate, Tuesday - 29 September 2015
252. Deputy Michael McGrath asked the Minister for Finance the role of receivers appointed to properties controlled by the National Asset Management Agency; if he is aware of the number of cases where the receivers have given tenants notice to quit on the basis that properties are to be sold; and if he will make a statement on the matter. [33161/15]
View answerNAMA Receivers are appointed contractually or by reference to the NAMA Act. Schedule 1 of the NAMA Act sets out the powers of Statutory Receivers. Where Receivers, whether appointed by NAMA or other creditor, seek vacant possession in advance of the sale of a residential property they are obliged to act fully in accordance with the statutory rights and other protections afforded to tenants and with the terms of the tenancy agreement. This includes terms relating to notice. Where receivers are selling properties that secure NAMA loans, the Receivers are obliged in accordance with NAMA policy to fully openly market the sale so as to ensure that all interested parties are given the opportunity to bid for the property. I am advised that he specific number of these cases is not recorded by the Agency.
