The Association has been lobbying on this issue for years.
New businesses will no longer have to pay rates arrears from previous tenants.
Phil Hogan TD, the Minister for the Environment, Community and Local Government, has accepted legislation put forward by Deputy Paudie Coffey which will prevent businesses from being forced to pay rates arrears when they have taken over new premises.
ISME has been lobbying for this change for many years, which will have a positive impact on businesses all over the country. Under the old legislation, which dates back to 1838, tenants who left a property with rates arrears are not liable and instead the new tenant is forced to pay the rates arrears. This was a major barrier to businesses countrywide taking over new premises.
The amendment will mean the new tenant will no longer be liable for the rates arrears of previous tenants. This will allow new businesses to take up new premises and existing businesses to change premises without fear of having a massive rates bill hanging over them after they move in.