The Emergency Measures introduced by the Government to the Residential Tenancies Act have been extended until the 20th July 2020. Emergency Measures in the Public Interest (Covid-19) Act 2020 was signed into law on the 27th March.  It includes changes to the Residential Tenancies Act, for the duration of the Covid-19 emergency.  A copy of the Act is available for review HERE   Please Note: Notices of Termination – No notice of termination may be served during the emergency period. Notices served prior to the emergency period will have a revised termination date.  The emergency period is added to the
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The Daft report released today outlined information on the May rental market during the Covid-19 Emergency. Click HERE for full reading on the Daft Report. The situation around Covid-19 has upset business in Ireland and the rental business is no exception and has also been substantially disrupted.  A lot of tenants returned home in March at the commencement of lockdown and tenancies were terminated and, in some cases, abandoned. Stephen Faughnan, IPOA Chairman outlined “The lockdown restricted re-letting and in spite of demand being high, Government guidelines restricted the showing of property as it was not deemed an essential service.
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For your information, please be advised that the Property Services Regulatory Authority (PSRA) together with the Society of Chartered Surveyors Ireland (SCSI) and the Institute of Professional Auctioneers and Valuers (IPAV) have published a ‘Joint Sector Protocol for Property Services Providers’ safety document, the aim of which is to facilitate the safe reopening of the property market in Phase 2 (8th June). The comprehensive guidance in the documents below may assist you in your preparation for reopening. Information in Preparing for Reopening: The Return To Work Safely Protocol – Click HERE Joint Sector Protocol For Property Service Providers (SCSI/IPAV/PSRA) –
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The RTB Rent Index for quarter four 2019 issued today, shows a 6.4% annual increase in national standardised average rents, the lowest recorded annual increase since Q1 2014. In Dublin, the standardised average rent is now €1,716 per month, up 5% (€82) year-on-year. On a quarterly basis, the Dublin standardised average rent decreased by €33 (-1.9%) in comparison to Q3 2019. The Q4 2019 RTB Rent Index shows the national standardised average rent was €1,226 per month. Outside of Dublin, the standardised average rent is considerably less, standing at €922 in Q4 2019. National Standardised monthly rent  –  New Tenancies
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