144 Deputy Willie Penrose asked the Minister for Public Expenditure and Reform in the context of the recent debate concerning the outdated anomaly of upward only rent reviews which are contained in leases concluded prior to February 2010, and particularly in line with his recent budget announcement concerning guidelines from National Asset Management Agency for arbitration purposes, pertaining to its properties and tenants, if he will now immediately instruct all Government departments and agencies under Government control, as a gesture of goodwill, to adopt a similar policy in respect of pre February 2010 leases, where such Departments and agencies hold tenants across the country in respect of Government properties, and immediately enter into discussions with these tenants, which have such upward only rent review clauses contained in their said leases and reduce the rents which are exorbitant and are threatening the survival of businesses contained in such properties to a more realistic level of rent which now prevails; and if he will make a statement on the matter. [40683/11]

Summary

144 Deputy Willie Penrose asked the Minister for Public Expenditure and Reform in the context of the recent debate concerning the outdated anomaly of upward only rent reviews which are contained in leases concluded prior to February 2010, and particularly in line with his recent budget announcement concerning guidelines from National Asset Management Agency for arbitration purposes, pertaining to its properties and tenants, if he will now immediately instruct all Government departments and agencies under Government control, as a gesture of goodwill, to adopt a similar policy in respect of pre February 2010 leases, where such Departments and agencies hold tenants across the country in respect of Government properties, and immediately enter into discussions with these tenants, which have such upward only rent review clauses contained in their said leases and reduce the rents which are exorbitant and are threatening the survival of businesses contained in such properties to a more realistic level of rent which now prevails; and if he will make a statement on the matter. [40683/11]

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• Departmental Properties

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