The Housing Minister Simon Coveney has said that Sova Property Management, which had served notices to quit on a number of tenants in the Strand Apartment complex in Limerick, is to withdraw the notices.
Up to 15 tenants had been served notices to quit by this May by Sova property management on behalf of the owners Oak Tree capital, a US-based vulture fund, that wants vacant possession so they can sell the properties.
The tenants were told that they had three months to move out of the apartment complex as the properties were to be sold.
The apartment debt was originally taken over by NAMA.
Mr Coveney said he wrote to Sova this week insisting they respect the spirit of new legislation which makes it illegal to evict tenants in this way, and which came into effect this week.
Mr Coveney said Sova have now confirmed to him they will withdraw the notices to quit.
However, tenants said they have had no correspondence from Sova to this effect and await written confirmation of the notice withdrawal.
Limerick Councillor Cian Prendiville said: "I welcome the news the Strand Apartment termination notices are to be withdrawn, and hope that it is true. As of yet the tenants have still heard nothing from the landlord.
"What we need now is a firm guarantee that not only are these notices withdrawn, but they will not be reissued."