Archives for Uncategorized

Installing A Smart Meter?

September 2021 Question: One of my tenants would like a smart meter installed in my rental property. Do they need my permission to have this installed?  What are the benefits of agreeing to this for me as Landlord and the Tenant? Is there an installation cost involved? Response: As part of the Climate Action plan, homes across the country are getting Smart Meters installed by ESB Networks free of charge. About 400,000 Smart Meters have been installed to date and every home across Ireland will be offered a Smart Meter over the next three years. The main benefit is that
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Categories: Landlord Query of the Week and Uncategorized.

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.

Social Housing – An Investment Opportunity?

August 2021 In recent times, the Irish social housing market has been generating interest from private sector participants. Investors, home grown and abroad are keen to acquire residential units and let to local authorities on long-term leases and it is not just institutional funds that are investing in Social Housing.  For many individual investors it is considered a relatively low risk income producing asset. We see in Europe and the UK, the investment market for social housing is well established, pension funds, private investors and other specialist investors regularly invest in this sector. This looks to continue to develop in
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Categories: Uncategorized.

Legislative Changes For Landlords

The Residential Tenancies (No.2) Act 2021 was signed into law on Friday 9th July by President Higgins and commenced on that date, apart from Section 6 which commenced on the 16th July 2021. Commenced on the 9th July 2021 extends the rent arrears protections in Part 3 (Residential Tenancies) of the Planning and Development, and Residential Tenancies, Act 2020 (PDRTA) until 12 January 2022; limits the amount of rent in advance and/or a deposit that landlords can ask people to pay to secure a tenancy; and provides that students do not have to give more than 28 days’ notice to
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Categories: News and Uncategorized.

Property Owners Criticize Government For Playing To Populism

The State has, for more than 15 years, exasperated the housing crisis by introducing populist anti property owner legislation. This has had a devastating impact reducing supply.   22,000 tenancies have been lost since Rent Pressure Zones were introduced in 2016.     Government policy cannot and should not be developed as a reaction to the hysterical posturing of left-wing politicians and tenant advocacy groups on social media and television.  Legislation needs to be considered, measured, accountable and effective.  Additional supply is what is required and retaining existing supply is essential. Extending the rules to 2024 substantially disadvantage landlords trapped with unsustainable rents,
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Categories: News and Uncategorized.

Mice In Property – Who Is Responsible – Landlord Or Tenant?

30th June Question My tenant has reported finding mouse droppings under the kitchen sink and has heard scratching noises coming from the attic of the property. They have requested that I organise pest control to do a site visit. Is this my responsibility or the tenant’s responsibility?   Response The responsibility for dealing with vermin or other pests and infestations can either be the tenant’s or the landlord’s responsibility, depending upon whose actions or inactions caused the problem. A rodent issue may be caused by the tenant’s negligence – for example not putting out rubbish, leaving food around the property
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Categories: Landlord Query of the Week and Uncategorized.

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: Uncategorized.