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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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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ICS are hosting a Buy-to-Let Virtual Seminar on the 23rd March. The Guest Speaker is Ronan Lyons Economist and IPOA are on the Panel.  A good opportunity to gain valuable insights into the sector, essential for investors to continually educate themselves on developments in the private rental market.
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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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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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