Archives for Uncategorized

Does Landlord Insurance Cover Loss Of Rent?

April 2022 Question: I am a new investor to the private rented sector – I would like to know does landlord insurance cover loss of rent? Response: If you are a landlord / property owner, a ‘home’ insurance policy may not provide enough cover, so it’s important for you to ensure that you have additional coverage in place to protect yourself against any potential financial loss of income. In the event of a claim for loss or damage caused for example by fire, flood or storm, and where your tenant can no longer reside in the property or leaves, and
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Categories: Landlord Query of the Week and Uncategorized.

Can I rent out a unit that does not contain a bathroom?

April 2022 Question I have property that contains 6 self-contained studios and one unit with a designated bathroom adjacent over the hallway for that unit’s sole use. Can I rent out the unit that does not contain a bathroom?   Response In response to your query, you are not permitted to rent out the unit that does not a bathroom as the bathroom is not contained within the same habitable area of the unit. Please see information from the Housing (Standards for Rented Houses) Regulation 2019   Sanitary Facilities (1) There shall be provided within the same habitable area of
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Categories: Landlord Query of the Week and Uncategorized.

Fees for RTB Annual Registration

April 2022 Landlords must register tenancies each year on time, otherwise late fees will be payable .   Fees for Annual Registration   Private/Student Specific Accommodation (SSA)/Cost Rental Tenancies     Standard Registration Fee   Application made to the RTB within one month of the tenancy commencement date €40 Additional Late Fee Application made to the RTB more than one month after the tenancy commencement date €10 for every month (part thereof) that registration is late   Composite Registration Fee   A reduced fee in respect of an application made to the RTB, within one month of the earliest tenancy commencement date, to register
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Categories: News, Property Management, and Uncategorized.

RTB Annual Registration – Now Law

April 2022 New legislation commenced 4th April 2022 requires landlords to register their tenancies with the RTB every year, within one month of the anniversary of when the tenancy began.   The RTB’s registration system will notify landlords in advance of the yearly anniversary to the address given but we recommend that you put a calendar in place to ensure that you know in advance when it is required.  It is important to note that reminder notices will be issued to the existing correspondence details held and landlords must ensure that they keep their details up to date with the
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Categories: News and Uncategorized.

RTB Annual Registration Coming – 4th April 2022

March 2022 RTB Annual Tenancy Registration is coming into effect from the 4th of April 2022.   This means that landlords must register their tenancy every year, within one month of the anniversary of when that tenancy began. This change will apply to new and existing tenancies. There is a four-month transition period, when no late fees will be charged. This transition period will end on the 3rd of August 2022. Annual registration will change the standard fees and late fees for registration for the private rental and the social housing sector (see below table). It is important that all
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Categories: News and Uncategorized.

Electricity Costs (Domestic Electricity Accounts) Emergency Measures Act 2022

March 2022 The Electricity Costs (Domestic Electricity Accounts) Emergency Measures Act 2022 was signed into law on 04 March 2022 establishing the Electricity Costs Emergency Benefit Scheme which will allow for €200 (inclusive of VAT) to be credited to all domestic electricity accounts. The €176.22 credit line (ex VAT) is the amount consumers will see as a credit line item on their bills. Consumers will not need to apply for this or take any further action as the credit will be automatic. Those who pay for the electricity should be beneficiaries of the Scheme. The credit is designed to provide
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Categories: News and Uncategorized.

More Changes On The Way For Landlords – The Residential Tenancies (Amendment) (No.2) Bill 2021

The Residential Tenancies (Amendment) (No.2) Bill 2021 provides for:   an amendment to the current prohibition on any rent increase in a Rent Pressure Zone (RPZ) from exceeding general inflation (as recorded by the Harmonised Index of Consumer Prices (HICP)) to insert a new condition that the rent last set cannot increase by more than 2% per annum pro rata.   enhanced protections for tenancies commencing 6 months from enactment, on the basis that after 6 months’ duration, a ‘Part 4 tenancy’ is established for an unlimited duration, until termination by the tenant or by the landlord under section 34
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Categories: News and Uncategorized.