Sunday July 12, 2020

The only way is up

Upward-only rent reviews are killing off retailers across the country, but the government is not for turning, writes Ian Kehoe.

3rd February, 2013
Korky's shoe shop on Grafton Street closed its doors recently after its owner, John Corcoran, gave up an eight-year battle against upward-only rent reviews. Photo: Photocall

John Perry was under sustained attack. The minister of state for small business was trying to justify his government's decision to keep upward-only rent reviews, the abolition of which had been a key pre-election pledge by Fine Gael.

Perry explained to the Dáil late last month that the policy U-turn had been based on legal advice, with the Attorney General counselling that retrospectively undoing rent reviews was constitutionally unsound.

However, following a series...

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