Archives for Uncategorized

10 Key Property Owners Insurance Covers

10 Key Property Owners Insurance Covers

  A Property Owners policy is designed to meet the insurance needs of a range of Property Owners involved in Residential, Commercial or Industrial investment property risks. The key areas of cover required for investment property include the following: Material Property Damage The buildings sum insured should be equal to the cost of rebuilding the property from scratch if it is completely destroyed.  (You should allow for the cost of debris removal as well as architect and surveyors fees and other planning & development fees) This is known as the reinstatement value. Note:  This is not the same as the
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Categories: Landlord Insurance and Uncategorized.
Do I Need To Provide The RTB With A Copy Of My Notice For Part 4 Termination?

Do I Need To Provide The RTB With A Copy Of My Notice For Part 4 Termination?

Question: My tenants started their tennacy on the 20th of February 2016.  I served a Termination Notice on the grounds that their Part 4 Tenancy was ending.  I served the correct forms and gave the relevant notice period.   The tenancy termination date is the 26th February 2020. My tenants have suggested that I need to provide the RTB with a copy of the Termination Notice – is this correct? Response: A valid Notice of Termination is required in order to end a tenancy. Changes to the legislation effective from 4th June 2019 have introduced new obligations and procedures for landlords
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Categories: Landlord Query of the Week and Uncategorized.
When Exactly Can I Give A Rent Review Notice In An RPZ?

When Exactly Can I Give A Rent Review Notice In An RPZ?

Question:  My tenants started their tenancy on the 8th April 2019.  My property is in a Rent Pressure Zone.  My rental is significantly below market rent and I intend to do a rent review in 2020.  When can I issue the rent review notice? Can I give 90 days notice now  (December 2019) for the rent to come into effect in April 2020?  Response:  No, you cannot give the rent review notice now (December 2019). In accordance with the Rent Pressure Zone regulations you must wait until the 8th of April 2020 to do a rent review, the tenant(s) will
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Categories: Landlord Query of the Week and Uncategorized.
IPOA SAY ‘NO’ TO RENT FREEZE

IPOA SAY ‘NO’ TO RENT FREEZE

The Irish Property Owners’ Association, the national landlords’ association believe that a rent freeze will substantially damage the private rental market and reduce the amount of accommodation available to tenants.  Rather than help tenants, a rent freeze will result in more landlords fleeing the market causing more difficulty for people in need of accommodation.   It will not encourage investment nor would it assist in retaining existing rental accommodation.   A rent freeze would freeze income without freezing costs.   Maintenance items like services charges, insurance, mortgage interests costs, plumbing, accountancy fees, replacement furniture and fittings will not be frozen.  Renting property would
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Categories: News and Uncategorized.
Develop Your Knowledge & Business With The IPOA Residential Landlord Course

Develop Your Knowledge & Business With The IPOA Residential Landlord Course

Develop your landlord knowledge and network with other landlords with the IPOA Residential Landlord Course. Places  are booking fast for the Spring 2020 Course – only 10 places now remaining! Learn from our expert line up of speakers, including: Tony Wallace, Senior Surveyor  Ruth Cannon, BL  The Residential Tenancies Board  Brendan Allen, Taxation Consultant  Tom Reilly, Ex Tribunal Member & IPOA Committee Members  Margaret McCormick, IPOA Information Officer  Whether you’re a new landlord starting out on your journey in the Private Residential Market, or a landlord with many years’ experience, this Residential Landlord Course is for you. The course is also
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Categories: News and Uncategorized.
A Tip For The Day

A Tip For The Day

A ‘Tip For The Day’  If a cistern or water tank makes noise filling up, especially during the night, what can you do? Buy a large sponge like the type that you might use for washing a car, or cleaning fresh grout off new tiles, available in most builders providers and motor factors. Remove the lid off the cistern or water tank. Flush the toilet cistern or turn on a tap for the tank. Place the sponge under the flow of water. In almost all cases, the sponge will remain in place. Replace the lid. As a Landlord Pat O’
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Categories: Uncategorized.
IPOA Annual General Meeting

IPOA Annual General Meeting

The Irish Property Owners’ Association held it’s 26th Annual General Meeting on the 14th November 2019.  Over 200 members gathered in the Louis Fitzgerald Hotel Dublin, to explore and discuss the Private Residential Market. Chairperson of the Association Stephen Faughnan welcomed those in attendance and efficiently progressed the order of business. No issues were arising from the minutes of the AGM 7th November 2018. P Fitzgerald & Co were appointed as Accountants of the IPOA. No issues were arising from the the Financial Report Year ending 31/12/2018. Proposed constitutional amendment accepted – Committee composition changed from 10 members to 14
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Categories: News and Uncategorized.