Archives for Property Management

Landlords – Are You Using The Correct Forms?

25th November 2020 Make Sure Your Notices Are Valid. You must use the correct forms for your notices to be valid.   Rent Arrears You will know that a new rent arrears process was introduced on the 2nd August 2020. Changes have been made to the process which is now an 8-step process.   Sample Notices:   Payment Plan Letter – Click HERE Rent Arrears Warning Letter – Click HERE Notice of Termination Rent Arrears – Click HERE Self-Declaration Form – Click HERE   If your tenant submitted a Self-Declaration form to you confirming that Covid-19 has impacted their ability
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Categories: Property Management and Uncategorized.

Important – Preventing A Further Part 4 /Acquiring Part 4 Rights

10th November, 2020 The recent changes to legislation (Residential Tenancies Act 2020) do not restrict you from serving a Notice of Termination during the Level 5 Restrictions/emergency period.  There may be a revised date on the termination but you will serve it as normal giving the required notice period. Additional time may be given in accordance with the Residential Tenancies Act 2020, this will be added to the notice after it is served.   Acquiring A Part 4 Right If you planned to serve a Notice of Termination in the first six months of a tenancy to prevent a tenancy
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Categories: Landlord Legislation, Property Management, and Uncategorized.

Don’t Forget The Basics – The Importance Of Vetting Tenants

Covid-19 has brought about many changes to the Private Rented Sector and the pandemic is currently very much to the forefront of our minds and businesses. Not withstanding all that is going on we want to remind you not to forget the basics. Now more than ever given the extra protections in place for tenants, it is extremely important that you do your due diligence and adequately vet prior to selecting your tenants. Vetting tenants is one the most important part of managing your rental. Having a good tenant is worth its weight in gold, so do not rush this
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Categories: First Time Landlord and 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.