Archives for Uncategorized

Landlord Query Of The Week: RPZ Exemption – 2 Year Vacant – Covid-19?

Landlord Query Of The Week: RPZ Exemption – 2 Year Vacant – Covid-19?

26th May 2020 Question: There has been no tenancy in my property since January 2017, the property is in a rent pressure zone. I now wish to re-let the property. I understand that as there has been no tenancy for the immediate past 2 years I can set the rent at market rate. Does the emergency legislation now in place have any impact on this?   Response: With regards to the following RPZ Exemption: no tenancy existed in respect of the dwelling during the two years immediately prior to this current tenancy beginning We have referred to the RTB and understand that
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Categories: Landlord Query of the Week and Uncategorized.
Anti-Social Behaviour – What Can I Do During The Covid-19 Emergency Period?

Anti-Social Behaviour – What Can I Do During The Covid-19 Emergency Period?

18th May 2020 Question: My tenant is engaging in persistent anti-social behaviour, I have received numerous complaints from the neighbours about continuous noise disturbance and threatening abusive behaviour, I understand this to be on a weekly basis. I have a duty to the neighbours – what can I do during the emergency period, am I allowed to serve a notice of termination? Response: No, no notices of termination can be served during the emergency period; however, tenants must continue to pay rent and observe the other normal terms and conditions of their lease. A landlord owes to each person who
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Categories: Landlord Query of the Week and Uncategorized.
Surplus Of Properties Will Be Shortlived – Long Term Supply Is Still An Issue

Surplus Of Properties Will Be Shortlived – Long Term Supply Is Still An Issue

The Daft report released today outlined information on the rental market for the first quarter of 2020, it also included some information on the situation that has developed since the Covid-19 Emergency. IPOA’s view is that the effects of the current Covid-19 situation is unlikely to change any of the long-term housing needs. While the immediate indication might be a lowering of rents, there is a continued danger of private landlords leaving the sector and in the long term we will continue to see a shortage of rental properties. Landlords and tenants are now facing challenging and problematic situations. Foreign
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Categories: News and Uncategorized.
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
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Categories: Property Management and Uncategorized.
New Tenancy; New Rent – Covid-19

New Tenancy; New Rent – Covid-19

7th May 2020 Question: (a) My Tenants have vacated my property and I am putting the property back up for rent.  The property is outside an RPZ.  Does the emergency legislation prevent me from charging market rent to the new tenant? (b) I have tenants who have left a property, the property is in a Rent Pressure Zone. Can the 4% be applied as per the formula increasing the rent for the new tenants? Response: We have received guidance from the RTB, we understand that any rent set in respect of a new tenancy may, in accordance with the Residential
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Categories: Landlord Query of the Week and Uncategorized.
Covid-19 Insurer Update

Covid-19 Insurer Update

Covid-19 Insurer Update for XL Insurance Company SE (AxaXL) – Property Owners (IPOA Scheme) – Policyholders with policy number prefix – BS0432-POI-xxxx ‘via S.A. Faughnan (Brokers) Ltd.’   Businesses and Property Owners are now facing unprecedented challenges posed by measures to counter Coronavirus (Covid-19) as many premises are temporarily closed due to public health quarantines. It is our intention for situations where insured buildings are temporarily closed solely due to the Covid-19 outbreak, that any Unoccupied Building Conditions in your AxaXL policy(ies) will not apply and no additional premium or amended terms will apply until 31st May 2020. If Covid-19
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Categories: Landlord Insurance and Uncategorized.
Will My Termination Date In July Still Stand?

Will My Termination Date In July Still Stand?

27th April, 2020 Question: I served my tenant with a notice of termination as I need the property for family use, the termination date does not come into effect until the end of July. As the emergency period is due to end before July, is it ok for the termination date to remain the same? Response: No,  the termination date of July does not remain. All notices of termination that are ongoing during the emergency period are essentially paused. This means that the entire emergency period will not be counted as part of the notice period. In your case, as
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Categories: Landlord Query of the Week and Uncategorized.