Archives for News

IPOA Pre-Budget Submission

The IPOA Pre-Budget Submission has been submitted to the Minister for Finances.  Brief details of our recommendations are outlined below.   Key Recommendations   Rental loss incurred as a result of rent forgiveness, or as a result of the additional rent arrears protections provided by the State due to Covid-19, should be allowable as an expense.   Treat letting property as a business.  Remove the restriction imposed by section 97 on rental business and treat the rental business in the same manner as any other business.   Allow an exemption from Income Tax for Long-Term Leasing Structures to encourage long-term
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Categories: News.

Landlords Take Note: Additional Rent Pressure Zones Announced

The Entire administrative area of Kildare County Council now designated a Rent Pressure Zone with Monasterevin and Kildangan electoral divisions now included in Rent Pressure Zones. This comes following the publication of the Residential Tenancies Board’s (RTB) Rent Index Report for Q2 2020 (published today 29 September 2020). Click HERE for Rent Pressure Zone Listing. The RTB Quarter 2 Rent Index for April to June 2020 published today shows:- • Quarterly rent levels moderated across the country amid Covid-19 crisis, with 0.0% annual change in Dublin • Rents fell nationally between Q1 and Q2 2020 to stand at €1,226 •
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Categories: News and Uncategorized.

Back To Business

By now we hope that you are back up and running and managing within the Covid-19 restrictions and new way of life. It has been a tough number of months, IPOA – like many associations have had to make changes to the way we operate. We remained positive during the pandemic and continue to do so, our priority being support for our members whilst ensuring the health and safety of staff and members. Our Office, albeit remotely, has operated usual working hours, we hope that members were comforted knowing that we were always on the end of the phone or
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Categories: News and Uncategorized.

MFO – MOVE PREMISES

  IPOA would like to wish our valued sponsors MFO the very best of luck with the relocation of their offices. “MFO The Property Professionals are delighted to announce having out grown their old offices in Ranelagh Village they have now moved to larger premises at No. 31 Waterloo Road, Ballsbridge, Dublin 4. Off the back of their 10 year anniversary in 2018 MFO continue to work hard and offer a professional service to all their clients contributing to this measured growth.” You can reach MFO at the following: MFO The Property Professionals, No. 31 Waterloo Road, Ballsbridge, Dublin 4.
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Categories: News.

Company Law Changes Affecting Owners’ Management Companies

With effect from Friday 21 August, OMCs may hold AGMs and voting electronically, notwithstanding the provisions of a company’s constitution. AGMs due in 2020 may be deferred to a date up to the end of this year, irrespective of other company law timing requirements. These measures facilitate the passing of budgets, setting services charges and conduct of other business during the pandemic period without an in person meeting of members/owners at a physical venue. Changes apply on an interim basis to 31 December 2020, with the potential for extension. The press link to their website which you will be able
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Categories: Landlord Legislation and News.

IPOA Condemn Illegal Eviction

The Irish Property Owners’ Association (IPOA), the national landlord’s representative organisation, promotes good practice and legislative compliance.  The Association is concerned with the manner in which People were evicted from a property in Berkley Road Dublin recently. The Association does not condone any type of illegal force being engaged in an eviction process.   While we are aware that difficulties arise in cases where repossession by Financial Institutions cause friction, the occupiers should not be involved.  Legislation should be adhered to, and where a dispute arises between Property Owner and Tenant it may be referred to the RTB for resolution in an organized manner.
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Categories: News.

Residential Tenancies and Valuation Act 2020 Now Law

On 2nd August 2020, the Residential Tenancies and Valuation Act 2020 became law and at the same time, the protections introduced in the Emergency Measures in the Public Interest (Covid-19) Act 2020 expired. The Act 2020 sets out new protections where a tenant has fallen into rent arrears. There are new processes around rent arrears: • Further protections and obligations have been introduced for tenants in financial difficulty as a result of Covid-19 • Increased obligations on the service of documentation around rent arrears on all tenancies. • Not all tenants in arrears are protected Rent increases already served will
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Categories: Landlord Legislation and News.