Archives for Property Management

Important – Rent Arrears New Process

  A new process for rent arrears has been introduced as of the 2nd August 2020.   The rent arrears procedure is an eight step process and is more onerous, complicated and involved than the previous process.   New temporary protections are in place for tenants who are unable to pay their rent due to Covid-19.  A tenant must serve a Self-Declaration Form on a landlord to avail of the protection.   The RTB have produced a guidance document on rent arrears as a result of Covid-19, outlining the required steps which can be accessed here.   A document has
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Categories: Landlord Legislation and Property Management.

The Clever Way to Refinance your Property Portfolio

ICS Mortgages, have extensive experience working with clients who wish to refinance their property portfolios.  Every client is unique so they tailor mortgage solutions based on their client’s individual needs. Their standard refinancing solutions are open to all applicants and a tailored portfolio refinance option is available to those refinancing a minimum of two properties with a minimum total loan value of €1.5 million. ICS Mortgages are now the leading provider of new Buy-to-Let residential mortgage financing in Ireland. Whether you are thinking of a straight refinance of your property portfolio or if you are looking to refinance and release
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Categories: Property Management.

Rent Book Regulations – Reminder

A rent book is a document that records details about a tenancy and notes all rent payments that are made. As a Landlord, you are obliged to provide your tenant(s) with a ‘rent book’ at the commencement of a tenancy or another equivalent document serving the same purpose providing it contains all the necessary details. You should record all rent payments in the rent book. If your tenant makes payments in person, you should sign the book or give a signed receipt with details of the payment. If your tenant pays in another way, such as by post or through
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Categories: First Time Landlord, Landlord Legislation, Property Management, and Uncategorized.

Student Tenancies – Questions and Answers

As a result of the Covid-19 Emergency Measures, there have been numerous difficulties in the rental market. It is difficult for both tenants and property owners and accurate guidance and clear direction is needed for both parties.  The Residential Tenancies Act as amended places rights and obligations on both parties to a tenancy.  Below are queries raised around student tenancies. 1. Fixed Term Tenancy – House Near College – Part 4 Tenancy Four students agreed a fixed term tenancy for one year 1st September 2019, they are jointly and severally liable for the rent.  The College closed and the students
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Categories: Property Management.

Reopening Business – Guidance For Viewings

Prior to viewings: No person to attend a viewing if they are displaying Covid-19 symptoms, self-isolating or returned from overseas in the last 14 days. Pre-booked private viewings only. Suggest time restrictions on appointments. All relevant information issued in advance (brochures etc.) Confirm whether potential tenant is cocooning or in an at-risk category and if so, identify any additional precautionary measures that may be required. No additional persons to be in the property at the time of viewing. All contact points in the property should be sanitised after/between viewings (e.g. door handles, light switches etc.). Place official Covid-19 signage at
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Categories: Property Management.

Equal Status Legislation & The Private Rented Sector

The provision of private rented accommodation is considered a service under the Equal Status Acts 2000-2015. This Act prohibits discrimination, directly or indirectly. It applies to lettings and accommodation. Landlords or those acting on their behalf such as Agents cannot discriminate against potential tenants. Please Click HERE for the Equal Status Acts 2000-2015. Grounds for Discrimination There are 9 protected grounds outlined below in which you cannot discriminate: Gender Civil Status Family status (for example being pregnant, parent of child under 18, parent or carer of person over 18 that has a disability) Sexual orientation Religion Age Race Membership of the
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Categories: Landlord Legislation and Property Management.

Understanding Your Tenancy

What Is A Tenancy? A tenancy is a legal interest in land/property for a period of time. A tenancy agreement is the contract between the Landlord and the Tenant. The Residential Tenancies Act 2004 as amended defines a tenancy as follows: – “tenancy” includes a periodic tenancy and a tenancy for a fixed term, whether oral or in writing or implied, and, where the context so admits, includes a sub-tenancy and a tenancy or sub-tenancy that has been terminated.” What Is The Duration Of A Tenancy? A tenancy under the Act is for a four-year period or a six-year period.
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Categories: Property Management.