Member

If the rent tribunal on day one caps any rent increase to the market rate, then the market rate can never go up above that rate, decided on day one, because any proposed increase would be capped at this level; that is, the market rate. That is fine initially, but given time and inflation, it is an unreal situation. To say that a landlord can charge the market rent is going round in circles. I would be grateful if the Minister could help me with this.