The latest data on Notices of Termination (NoTs) in Q4 2022 provided by the RTB cements the increased challenges faced by renters in Ireland.
In the final quarter of last year, the RTB received 4,329 NoTs, a slight decrease from the previous record high of 4,741 in Q3, 2022 but a drastic increase from another previous record high of 1,666 notices received in Q2, 2022. There were 9,070 NoTs in the second half of 2022. This is an unsustainably high number of notices, particularly given rising rental costs, as recently detailed in the RTB’s Q3 2022 Rent Index.
Threshold CEO John-Mark McCafferty stated: “This level of NoTs indicates the extreme challenges of the housing crisis. Many of those losing their homes are those forced to turn to homeless services as they are unable to find new accommodation in the private rental sector. To compound matters, emergency accommodation is in short supply in many local authorities.
In Q4 2022, 58% of notices of termination received by tenants were issued as the landlord intends to sell the rental property. This is a reported 2,513 homes suitable for long-term housing vacating the private rental market, stretching already limited rental supply even further. It is critical that local authorities act in a proactive manner to purchase and retain these properties for the rental market, which could save at least some households from entering homelessness.”
Latest data from Threshold shows that the housing charity currently has 4,020 open cases concerning notices of termination, with 55% of notices received by advisors found to be invalid. As a result of the very high level of invalid notices, Threshold is urging any tenant who has received a notice of termination – or is uncertain about their rights – to contact the charity’s expert advisors and receive support.
Threshold’s helpline is open Monday to Friday, 9am- 9pm at 1800 454 454, with webchat at www.threshold.ie/advice/help for any renter in need of advice or support.