Archives for Property Management

Understanding Your Tenancy

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.
Read More

Categories: Property Management.
IPOA Practical Guide to Assignment

IPOA Practical Guide to Assignment

Important to Note A tenant must get the landlords written permission to assign a tenancy. A landlord does not have to give permission for an assignment.   Understanding Assignments Assignment is where a tenant transfers their entire interest in a tenancy to a third party.  The original tenant then ceases to have any interest or involvement in the tenancy and the assignee becomes the tenant who now deals directly with the landlord and is responsible for the tenancy. When does an Assignment Happen? It can occur when a tenant in a fixed term tenancy wants to relinquish and leave the
Read More

Categories: Property Management and Uncategorized.
Rent Arrears During Covid-19

Rent Arrears During Covid-19

Rent is a contractual obligation; it must be paid.    If your tenant has lost their job direct them to the Department of Social Protection website to apply for Rent Supplement.  Complete any forms for them as quickly as possible. It will take time for applications to be processed by the Department of Social Protection and forbearance will be required during this time.     Landlords and tenants are free to decide on arrangements that suit them. Rent can be written off/forgiven for a period, but please ensure that the amount due is clear and both sides understand when the normal rental
Read More

Categories: Property Management.
All About Rent Pressure Zones

All About Rent Pressure Zones

Landlords must follow certain procedures if they want to review the rent. The rules are set out in the Residential Tenancies Act. Breaching Rent Pressure Zone legislation may lead to a criminal conviction. Regardless of the level of rent, even if it is substantially below market rent, you must comply with the legislation. Rent Pressure Zone rules also apply to a new purchaser buying a property. What is a Rent Pressure Zone (RPZ)? A Rent Pressure Zone (RPZ) is a designated area where rents cannot be increased by more than 4% per annum. This applies to new and existing tenancies
Read More

Categories: First Time Landlord, Property Management, Rent Increases, and Rent Pressure Zone.
Changes to the Residential Tenancies Act For The Duration Of The Covid-19 Crisis

Changes to the Residential Tenancies Act For The Duration Of The Covid-19 Crisis

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   Emergency Period The emergency is defined as the period of three months commencing on the 27th March 2020, and that period can be increased if necessary, to extend the emergency period for such period as they consider appropriate, having regard to— (i) the threat to public health presented by Covid-19, (ii) the highly contagious nature of that
Read More

Categories: Landlord Legislation, News, and Property Management.
What Can Landlords Do During Coronavirus?

What Can Landlords Do During Coronavirus?

  Keep informed and ensure communication with your tenants, direct your tenants to the HSE website for live updates on the coronavirus. https://www2.hse.ie/conditions/coronavirus/coronavirus.html   If your tenant has lost their job direct them immediately to the Department of Social Protection website to apply for rent supplement.  Complete any forms for them as quickly as possible. https://www.gov.ie/en/organisation/department-of-employment-affairs-and-social-protection/ . Rent is a contractual obligation; it must be paid.   It will take time for applications to be processed by the Department of Social Protection and forbearance will be required during this time. Landlords and tenants are free to decide on arrangements that suit them.
Read More

Categories: News, Property Management, and Uncategorized.
IPOA UPDATE – CORONAVIRUS

IPOA UPDATE – CORONAVIRUS

23rd March 2020 As landlords are aware Covid 19 has placed us in a crisis situation.    IPOA are aware that our members and their tenants are anxious and the situation lacks clarity.  The Association has been liaising with Minister Murphy to ensure your issues are understood and the measures put in place are workable for our members.  IPOA made it clear that a rental payment holiday is not workable and that it is the obligation of the State to assist tenants when their income has been reduced or withdrawn.   Outlined below are a number of clarifications you may
Read More

Categories: News and Property Management.