State ties firms to upward rents

Hundreds of businesses are locked into upward-only rent reviews with the same landlord: the Government.

According to figures obtained by Sinn Féin’s Peadar Tóibín several hundred tenants renting from the State are locked into the same unsustainable rents that have been the cause of business failures such as HMV.

State bodies in the Department of the Arts, Heritage and the Gaeltacht, in particular Údarás na Gaeltachta, have several hundred tenants locked into upward-only rent reviews.