Residential Tenancies (No. 2) Bill 2021: Committee and Remaining Stages Seanad Éireann — 2021-07-05 ============================================================ Rebecca Moynihan (LAB), Administrative Panel I was not expecting this. It feels more like a wedding than the passing of a Bill. I am just getting used to it. The move by the Government to link rents to the consumer price index is progressive, long overdue and welcome. I also see that institutional property investors kicked up about the issue. Taking this action in the face of lobbying from people on the outside, particularly landlords, is important. We have a major issue with security of tenure for renters. I was glad last week to be able to text somebody who was worried about losing their house over the 8% rent increase to say the law was going to change, they would not be facing 8% and the increase would possibly be less than 1%, depending on what the calculator came up with. It is a relief to a considerable number of people. However, we need to address security of tenure for people in rental accommodation. That is a key issue. We are an outlier in Europe in terms of doing that and I look forward to seeing comprehensive renters' legislation in the autumn. --- Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted. Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2021-07-05/debate/main Retrieved: 2026-08-14T04:49:29+00:00 Sitting date: 2021-07-05