Tenants hit by rent hike ahead of Nama sale
One receiver demanded 25% rent increase
Tenants in an apartment block sold by Nama to US fund Cerberus as part of an €800 million sale saw their rents rise by up to 25 per cent in the months before the sale, documents obtained by The Sunday Business Post show.
The documents show that in March of last year, a receiver over the property demanded a 25 per cent rent increase for a tenant in one of the units, giving the resident just...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures