Tuesday March 31, 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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago