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Daft Report – Reduction In Rent In Dublin But Increases Everywhere Else.

12th May 2021 The Daft report released today outlined information on the rental market for the first quarter of 2021.   It describes a reduction in rent in Dublin but increases everywhere else. The impact of Covid-19 and working from home has increased the desirability of living outside the capital.  With the vast majority of office workers working remotely together with most students working from home, there is capacity in Dublin and still some available accommodation.   Some units previously used for short-term letting have been added to long-term housing stock. The role out of vaccines are likely to increase the demand
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Categories: News and Uncategorized.

Emergency Period Ends

The Emergency Period under the Residential Tenancies Act 2020 (RTA 2020) which has been in place since 31st December 2020, expired on the 12th April 2021.  This allows the market to function relatively normally.   Notices of termination may be served and will immediately begin to count down. The paused period from 31st December 2020 to 12th April 2021 will need to be added, along with an additional 10 days to notices of terminations previously served to give a revised termination date. There is an additional 10 day protection period for tenants where notice of termination ended before the Level
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Categories: News.

Attention Landlords: Residential Tenancies Act – Update

29th March, 2021 The Cabinet agreed some time ago to extend the protections set out in the Residential Tenancies and Valuation Act 2020 for tenants who have fallen into rent arrears as a result of Covid-19, and are at risk of losing their tenancy. This was done through the Residential Tenancies Bill 2021 which went through the Dáil last week.   The Bill will shortly be signed into law by the President. The Minister for Housing stated in the Dáil that 407 tenancies have sought protection under this measure. The protections are for Tenants who are or were, from the period from
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Categories: News.

RTB Quaterly Index

The Residential Tenancies Board (RTB) has published the quarterly Rent Index for the October to December period (Q4) of 2020.   Rents grew nationally by 2.7% in Q4 2020 Standardised Average monthly rent – New Tenancies €1,304 vs Existing Tenancies €1,069 Rents grew nationally by 2.7% in Q4 2020 in comparison to 6.4% in Q4 2019. The national standardised average rent stood at €1,256 in Q4 2020, equal to its level in Q3 2020. In Dublin, in Q4 2020, the standardised average rent stood at €1,745 per month, a 2.1% increase year-on-year. This is down 0.8% quarter on quarter when
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Categories: News.

There Is A Need To Protect The Providers Of Accommodation

The Irish Property Owners’ Association, the national landlords association, accepts and understands the need to protect vulnerable tenants who meet the self-declaration criteria.  However, there is also a need to protect the providers of accommodation. The IPOA are calling for fair play for landlords in cases where rent arrears are not discharged. Stephen Faughnan Chairman outlines, “In cases where tenants have been protected at the expense of their landlord and the rent arrears are not repaid, IPOA are calling for the landlord to be allowed to offset the arrears as an expense in their tax return reducing the financial cost
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Categories: News.

Update For IPOA Landlords

For any period when people’s movement is restricted to 5 kilometres from their home as part of COVID-19 restrictions (Level 5 Restrictions), tenants cannot be evicted . The current Level 5 period is expected to end on the 5th April 2021.  During this period the following apply:- Notice of Termination may be served   Notices of terminations served are generally paused except for following: Anti-Social Behaviour; Behaviour that invalidates the landlord’s insurance; or Use of the dwelling other than as a residential accommodation unit, without the landlord’s written consent; Behaviour that threatens the dwelling.   Rent Increases can be served
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Categories: News.