The state would have to pump another €5 billion into the banks and pay out €1.8 billion in compensation to landlords if it banned upward-only rent review clauses, according to new research.
A study prepared by DKM Economic Consultants for the Irish Association of Investment Managers (IAIM) estimates that up to €14 billion would be wiped off the value of commercial property by a complete ban on upward-only clauses. Landlords would be likely to sue...
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