Dáil Éireann Debate, Tuesday - 27 January 2015
202. Deputy Pearse Doherty asked the Minister for Finance the options available to a business person otherwise eligible for a National Asset Management Agency rent abatement scheme whose landlord is not co-operating with their application; and if he will make a statement on the matter. [3471/15]
Amharc ar fhreagraNAMA's Guidance Note on Upwards Only Rent Reviews, which has been in place since December 2011, is available on the NAMA website, www.nama.ie, and sets out for tenants both the process involved in making an application for rent abatement through a NAMA debtor or receiver and the financial information that must be submitted alongside such an application. NAMA can only assess applications submitted by debtors and receivers where all relevant information has been provided.
I am advised by NAMA that it has received 370 applications for rent abatement, through its debtors and receivers, under its Guidance Note and that, of these, 339 have been approved and a further 19 are currently being assessed. The aggregate annual value of approved rent abatements to date is €23m and NAMA has also approved long-term rent reliefs worth over €40 million to small and medium retailers around the country.
NAMA advises that if any tenant considers that his or her landlord is not engaging with them in accordance with the Guidance Note, he or she can contact NAMA directly at info@nama.ie and ask that NAMA look into the matter on their behalf.
