Vulture Funds evict residents in Dun Laoghaire

4th August 2017

Richard Boyd Barrett is working with residents of 17 apartments in Dún Laoghaire in Dublin have been told by their landlords – two global investment funds – that they have to vacate the property within weeks

Under the Residential Tenancies Act, landlords can only increase rent by more than 4% if extensive refurbishment is carried out on the property, after unsuccessful attempts to raise the rent the landords are exploiting this loophole and the residents have weeks to vacate.

Richard Boyd Barrett has asked the government to intervene

He said: “It’s really despicable; a vulture fund that tried to increase rents earlier in the year by 60-90% but felt it couldn’t get away with it is now trying to exploit loop holes in the law to evict all of these people and threaten them with homelessness in some cases within a few weeks so they can increase the rent and increase the value.”

Residents told to vacate Dún Laoghaire apartments

Residents of 17 apartments in Dún Laoghaire in Dublin have been told by their landlords – two global investment funds – that they have to vacate the property within weeks.

Posted by RTÉ News on Tuesday, August 1, 2017