The Long-Term Lease available from the Government has a number of unique features and could be best described as a quasi-commercial lease for residential property investment.

  • Government Lease Terms available 10, 20 and 25 years

  • Rental Income 80%–85% of the Open-market rent

  • Regular rent reviews every 3 years

  • No break clause

  • Rent reviews linked to the change in the Harmonised Index of consumer prices (HIcp) Ireland

  • Rents not subject to rental pressure Zone maximum of 4%

  • Local authority is the Tenant

  • Local authority is responsible for Internal maintenance

  • No requirement to register with the Rental Tenancies Board (RTB)

  • Rental Income paid to Investor directly from Local authority by way of electronic Transfer

  • Unrivalled Covenant Strength – Government-Backed Lease

  • Security of Income – Guaranteed under lease of up to 25 years

  • Opportunity to lock in rents and link to inflation

  • No Management of Tenants

  • No Rental collections or chasing arrears

  • No Internal Maintenance

  • No Voids

  • No Letting Fees

  • No Advertising Costs

  • No Ongoing Refurbishment Costs

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