Archives for Uncategorized

10 Things Landlords Should Know About Rent Pressure Zones

10 Things Landlords Should Know About Rent Pressure Zones

1. Rent Pressure Zones (RPZs) limit the amount of rent in exsiting tenancies as well as new tenancies. 2. RPZs use deisignated Local Electoral areas; to check if your property is in a RPZ input your property address into the RTB Calculator. 3. There is a prescript formula to calculate the rent. R x (1 +0.04 x t/m) R= The last rent set under a tenancy. t = The number of months between the date the current rent came into effect and the date the new rent will come into to effect. m = 12 or 24 4. RPZs commenced
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Categories: Property Management, Rent Increases, Rent Pressure Zone, and Uncategorized.
Registration Of A Tenancy?

Registration Of A Tenancy?

Question: I have served a notice of termination on the grounds that a Part 4 Tenancy is ending.  The termination date is now approaching. My tenants have requested that they stay additional time in the property as they are buying a house and it is not ready yet. I have agreed that the termination notice still stands but I will not action this immediately and am allowing them stay in the property for an additional 7 weeks after the expiration of the termination date. Am I required to register this with the RTB? Response: Based on the information provided above,
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Categories: Landlord Query of the Week and Uncategorized.
Do All Tenancies Come Under The Remit Of The RTB?

Do All Tenancies Come Under The Remit Of The RTB?

Question: I am a Landlord, my properties are registered with the Residential Tenancies Board (RTB) and governed by the Residential Tenancies Act. My niece is a tenant residing in a council property. She has advised me that her tenancy was not under the remit of the RTB – is this the case?   Response:  Not all tenancies are under the remit of the RTB, your niece is correct in what she has communicated to you.  The RTB cannot get involved if you : Are a tenant in local authority housing Live with your landlord under the ‘rent a room’ scheme
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Categories: Landlord Query of the Week and Uncategorized.
Understanding What Each Party Intends To Do -The Private Rental Sector. 

Understanding What Each Party Intends To Do -The Private Rental Sector. 

Understanding what each Party intends to do around the Private Rental Sector.   Ensure that you and your family make an informed choice. “Please see the below snapshots of relevant points of interest to the IPOA from the Election Manifesto (in alphabetical order) of  Aontú, Fianna Fáil, Fine Gael, Green Party, Labour, Sinn Fein and Social Democrats”.  FOR INFORMATION PURPOSES PLEASE REFER TO THE VARIOUS PARTIES FOR CLARIFICATION. Aontú     Greater security of tenure with the introduction of indefinite tenancies Remove selling as a ground for terminating tenancies Introduction of a rent cap tied to the inflation rate “Buy to Let” landlords who
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Categories: News and Uncategorized.
Tenant Replacing Tenant – Probationary Period?

Tenant Replacing Tenant – Probationary Period?

Question: I have let a 4 bed house for the past 5 years.  Four tenants were on the original lease agreement, no fixed term is in place, no problems have ever occured. A new tenant has recently replaced a previous tenant. Three tenants currenlty in the property were on the original lease, the new tenant (fourth) replaced a previous tenant 2 weeks ago. What happens if the new tenant does not get on with the existing tenants? I have reason to believe that there have been difficulties already. Response: Based on the information provided,  an assignment has occured. An assignment
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Categories: First Time Landlord and Uncategorized.
Do You Know What A Part 4 Tenancy Is?

Do You Know What A Part 4 Tenancy Is?

Under the Residential Tenancies Act once a tenant is in your property for more than 6 months, they acquire a Part 4 tenancy.   A Part 4 tenancy is either a 4-year cycle or a 6-year cycle dependant on when the tenancy commenced.   If the tenancy started on or before 24 December 2016, this is a 4-year cycle. If the tenancy started after 24 December 2016, this is a 6-year cycle.   Once the tenant is in your property 6 months,  a Part 4 tenancy entitles the tenant to remain in your property for a further 3.5 years in
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Categories: Property Management and Uncategorized.
LANDLORDS BE HEARD – VOICE YOUR OPINION ; VOTE YOUR OPINION

LANDLORDS BE HEARD – VOICE YOUR OPINION ; VOTE YOUR OPINION

It is important that the voice of the Landlord is heard loud and clear.  Do NOT miss YOUR opportunity – voice your opinion!  Are You Happy With The Tax You Pay As A Landlord?  Over half  your rental income goes back to the State, income tax at marginal rate, PRSI, & USC. Local Property Tax is not deductible expense. Rental income should be treated as reckonable income for pension purposes. Building Energy Improvements should be allowable as a double expense and offset able in the year it is carried out. Allow Wear and Tear over 4 years instead of 8
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Categories: News and Uncategorized.