Dáil Éireann Debate, Thursday - 4 May 2017
42. Deputy Noel Grealish asked the Tánaiste and Minister for Justice and Equality the number of rental agreements registered with the Property Services Regulatory Authority following the introduction of the Land And Conveyancing Law Reform Act 2009; and if she will make a statement on the matter. [21270/17]
View answer43. Deputy Noel Grealish asked the Tánaiste and Minister for Justice and Equality the number of rental agreements registered with the Property Services Regulatory Authority from 2004 to 2009; and if she will make a statement on the matter. [21271/17]
View answer44. Deputy Noel Grealish asked the Tánaiste and Minister for Justice and Equality the number of rental agreements registered with the Property Services Regulatory Authority that contain upward only rent review clauses; and if she will make a statement on the matter. [21272/17]
View answerI propose to take Questions Nos. 42 to 44, inclusive, together.
I understand that the Deputy's Questions relate to the commercial leases database which is maintained by the Property Services Regulatory Authority.
The Property Services Regulatory Authority (PSRA) was formally established on 3 April 2012, pursuant to the Property Services (Regulation) Act, 2011. Section 87 of the 2011 Act provides that the Authority shall establish and maintain a database relating to commercial property leases. The Commercial Leases Database was established pursuant to sections 87 and 88 of the Act and provides for the publication of lease agreements as declared to the Revenue Commissioners for stamp duty purposes. Since the establishment of the e-stamping facility by the Office of the Revenue Commissioners in December 2009, information relating to a total of 55,420 commercial leases have been provided to the Authority detailing the address, level of rent payable, date and term of lease agreed. Tenants, who have entered into lease agreements with effect from 3 April 2012 are statutorily required to furnish the Authority with additional details of the lease, as provided for in section 88 of the Act. The number of commercial leases in relation to which information has been received by the PSRA is set out in the following Table. The PSRA has no statutory remit in recording upward only rent review clauses as part of any commercial lease agreement and does not request this information.
Table: Number of Commercial Leases on which information was received by the PSRA
|
Year |
No. of Commercial Leases |
|
2010 |
6,754 |
|
2011 |
6,758 |
|
2012 |
6,940 |
|
2013 |
6,779 |
|
2014 |
7,540 |
|
2015 |
9,582 |
|
2016 |
8,882 |
|
2017 (to date) |
2,185 |
|
Total |
55,420 |
