Relief as New Regulation regarding Security Deposits put on hold

Limerick Estate Agents and others throughout the country have for some time been concerned about new regulations due to come into the industry which will say that by law the Landlord must transfer all security deposits to the RTB for the Limerick Auctioneers and Estate Agents duration of the tenancy.  Their fear was that this would slow down the industry to no end but despite their fears, this incoming regulation had all major political parties supporting it.

Limerick Auctioneers and Estate Agents are experiencing a rental property crisis due to lack of supply and should this regulation go ahead it would bring further complications to an already difficult property management business.

Recent enquiries from the Limerick property sector regarding this regulation received a welcome response with one government source confirming that the scheme will not be brought in any time soon.