Search Results for 'Renting'

Upward only rent reviews that are causing financial hardship for tenants leasing expensive commercial properties can only be reviewed where those properties are owned by NAMA, but not where they are in private ownership.

Property Partners Maxwell Heaslip & Leonard has brought to the market a quality three bed duplex city centre apartment with amazing Galway Bay views, located at No 15 Hynes Yard. This home includes a designated car park space. While the property has been on the market for the last few weeks, the asking price has now been slashed from an original asking price of €249,000 to just €189,000.

There is good news for students beginning or returning to their studies in Athlone this September; a new report has revealed that Athlone offers the fourth cheapest student rent in the country.

A new survey published by Daft.ie has shown that there has been a slight lift in the rental market in Kilkenny in recent months.

It has long been a tradition at this time of year that many parents come to Galway to search for a rental property for their children. At the offices of Property Partners Maxwell Heaslip & Leonard phone and office enquiries are coming in since the start of Race Week. Fergal Leonard MIPAV, who heads up the rental agency at the office, said that this is symptomatic of what has always happened at this time of year, except this year stock has been depleted. He said rents have held firm for good quality properties in good areas and, now with a lack of new construction for the past three years, supply is being outstripped by demand.

A significant increase in commercial letting activity has been recorded by Mullery auctioneers in the first half of 2011, with a notable increase in demand for office accommodation which has been the laggard of the commercial market in Galway in the last two or three years.

Ireland’s largest retail industry trade body has expressed its support of the Government’s plans to abolish upward only rent review clauses. Retail Excellence Ireland (REI) claims more than 40,000 jobs are at risk in the retail sector unless the system is removed. Currently, rent prices can only increase or remain the same under review, regardless of decreases in market rates. Since rental retail rates increased by 240% between 2000 and 2007, compared to a 30% increment in consumer prices, REI claims businesses are not paying a fair market rate. As it stands, Ireland is one of just a handful of countries who still employ the system, with the remaining jurisdictions employing a market-based approach.

Approval was given this week for a 20-year lease on the old Charlestown Health Clinic to Charlestown Community Childcare Ltd.

The tenant purchase scheme for long-standing tenants of the Galway City Council has been relaunched, offering tenants the opportunity to buy their own homes from the council at a reduced rate.

Local authority tenants, who have been residents for more than 10 years, have the opportunity to purchase their house in a new scheme, with up to 45 per cent off the house price available.