Archives for Property Management

Updating Tenancies

April 2022 If a landlord changes the rent during the year, he or she must provide an update on the new rent to the RTB within one month of the new rent becoming payable (together with an update on any other material changes to the tenancy details registered with the RTB) (section 139 of the RTA 2004). You may update a tenancy registration through the RTB’s online tenancy registration system. You can also submit a tenancy update form. No fee is payable to update the tenancy register during the year.   STRONGER TOGETHER – JOIN IPOA SUPPORTING LANDLORDS FOR 29
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Categories: Property Management.

Fees for RTB Annual Registration

April 2022 Landlords must register tenancies each year on time, otherwise late fees will be payable .   Fees for Annual Registration   Private/Student Specific Accommodation (SSA)/Cost Rental Tenancies     Standard Registration Fee   Application made to the RTB within one month of the tenancy commencement date €40 Additional Late Fee Application made to the RTB more than one month after the tenancy commencement date €10 for every month (part thereof) that registration is late   Composite Registration Fee   A reduced fee in respect of an application made to the RTB, within one month of the earliest tenancy commencement date, to register
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Categories: News, Property Management, and Uncategorized.

Mid-tenancy/Periodic Inspections

February 2022 As we return to normality with Covid restrictions lifted we would like to remind you of the importance of inspections. This article will look at mid-tenancy/periodic inspections. It can be easy to underestimate the importance of doing regular inspections on your rental property, as a landlord it is extremely important that you include these into your regular management. You need to monitor the condition of your property and make sure that there are no issues – do not leave your property unchecked. If you’re a new landlord, you might ask why landlords do periodic inspections at all? The
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Categories: First Time Landlord and Property Management.

How To Conduct A Rent Review In a Rent Pressure Zone?

February 2022 How To Conduct A Rent Review In a Rent Pressure Zone? In this article we deal with conducting a rent review in a RPZ.  Many changes have occurred to the process since the introduction of Rent Pressure Zones in 2016. What should be a simple task can sometimes be confusing given the number of recent changes imposed.  We would like to remind you of the steps involved – for your rent review to be valid it is important that you are aware of the process. On 11th December 2021, the rules were amended around setting the rent for a
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Categories: First Time Landlord and Property Management.

Storm Damage in Rental Properties – A Landlord’s perspective

  Storm damage is unexpected and in Ireland it is something that is frequently experienced and when the weather takes a turn for the worst, storms can cause havoc. If you experience storm damage in your rented residential or commercial premises you will often be required to carry out emergency storm damage repairs, in order to prevent further damage to the property. In fact your insurance policy claims conditions will insist that you mitigate any further loss. Storm damage is generally structural damage caused by gale force winds which can result in flooding and rain water accessing the property. Unfortunately,
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Categories: Landlord Insurance, Property Management, and Uncategorized.

Flood Prevention – Tips from an Insurance Perspective

  Flooding is the most common natural disaster so firstly you need to ensure that your property insurance policy covers Flood risks. If your property is located in a flood risk area it is highly likely that your current policy will exclude flood and you will find the cover is not available to you on the insurance market in general. So what do you do – The key to reducing flood damage is to take precautions, which in many cases you can accomplish in a few hours to a few days. Check outside Drains Check to ensure that outside drains
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Categories: Landlord Insurance and Property Management.

Have Photographic Evidence – The Burden of Proof Will Be on The Landlord !

September, 2021 Tenancy disputes regarding Deposits remains one of the top of the list for the RTB. At the end of a tenancy, it can be difficult to prove exactly how much damage has been caused to a property or its contents. A detailed inventory can give a good indication between the start and end of tenancy, but it still does not provide that additional proof which may be the difference between winning or loosing a dispute with the RTB. We would suggest that you use photographs together with your written documentation. Not one or the other! Remember – photographs
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Categories: Property Management and Uncategorized.