Archives for Uncategorized

I’m In A Rent Pressure Zone And Way Below Market Rent ?

I’m In A Rent Pressure Zone And Way Below Market Rent ?

New rules are in place since this post was published in September 2019 – Please contact IPOA directly for information on the current RPZ rules. Question: I have been renting a 2-bed apartment in Cork City Centre for the past 10 years, I have had the same good tenants for the duration of the letting and never varied their rent. My tenants have recently bought their own property and will be vacating the apartment at the end of the month. I am 50% below market rent for the area, I have two prospective new tenants willing to pay market rent
Read More

Categories: Landlord Query of the Week and Uncategorized.
Property Owners’ Insurance – Reinstatement Valuations – How do I calculate the re-build costs?

Property Owners’ Insurance – Reinstatement Valuations – How do I calculate the re-build costs?

    Buildings are an asset and like any asset should be adequately protected. A property reinstatement valuation assesses the cost of reinstating the property to its original condition in the event of total destruction. It is extremely important to note that the market value of the property and the reinstatement valuation of the property are in no way linked. The reinstatement valuation should typically include the following:     The reinstatement valuation should be carried out by a chartered quantity surveyor who has experience in the type of building sector that the reinstatement valuation is being calculated on. The
Read More

Categories: Landlord Insurance and Uncategorized.
IPOA Representing You

IPOA Representing You

IPOA has been busy over the summer months taking every opportunity possible to represent our members and the wider community of Residential Landlords. The recent Daft Rental Report shows that rental inflation has fallen to a six-year low.  It also highlighted that the amount of available rental accommodation is disturbingly low at 2,700 units available for rent on 1st May, the lowest ever recorded. The RTB Annual Report for 2018 issued recently shows a loss of 12,474 private rental tenancies between 2016 and 2018.  In 2012, there were 212,000 landlords in the sector compared to 173,197 in 2018. Rent Pressure
Read More

Categories: News and Uncategorized.
Annual Registrations On The Way For Landlords

Annual Registrations On The Way For Landlords

Annual Registration is expected to commence in the first quarter of 2020.  The cost will be €40 per annum.  The late payment fee structure is similar in nature to the original structure of the Non-Principal Private Residence (NPPR).  A penalty of €10 will be charged in respect of each month or part of a month falling after such expiration until the tenancy is registered.  In a situation where a property owner erred and missed registering a tenancy and did not notice the omission for 4 years there may be a liability as follows: –    Annual Cost   Penalty Accumulating  Penalties   Year 1   €40  48
Read More

Categories: Uncategorized.
Landlords Know The Changes To The Landlord Legislation

Landlords Know The Changes To The Landlord Legislation

Changes to the Residential Tenancies Act have came into force over the past couple of months – still to come into effect is the RTB Annual Registration expected in quarter 1 2020. It is vitally important that ALL landlords know about these changes and how they will impact you and your business. The new legislation provides for; New Investigations and Sanctions powers to empower the RTB to proactively regulate non- registration of tenancies, possible breaches of the RPZ rules and possible abuse of notices of termination grounds.   Student Specific Accommodation is now under the remit of the RTB – This
Read More

Categories: Landlord Legislation, Property Management, and Uncategorized.
Landlord Query Of The Week: Terminating For Personal /Family Use?

Landlord Query Of The Week: Terminating For Personal /Family Use?

Query: I rent out a one bed apartment in Dublin City Centre, the periodic tenancy commenced in October 2015. My cousin who is currently living in Australia is relocating back to Ireland and requires accommodation in Dublin for her new job. I would like her to use my apartment. Do I have grounds to terminate the existing tenancy to allow my cousin use of the property?   Response: A landlord can only terminate under one of the 6 permitted grounds: The Tenant has breached their responsibilities. The property is not suited to the tenants needs. The landlord requires the property
Read More

Categories: Uncategorized.
Landlord Query Of The Week: A Landlord’s Right To Inspect?

Landlord Query Of The Week: A Landlord’s Right To Inspect?

Question: I own a property which is rented to a family. The tenants are in the property 12 months and I have not carried out an inspection to date. As I was passing the property 2 weeks ago on my way to work, I noticed that there was a lot of rubbish building up on the front lawn and there appears to be a broken window and torn curtains. I would like to inspect the property and have contacted the tenants three times in the two weeks to arrange the visit. The tenants have not responded to my request. What
Read More

Categories: Landlord Query of the Week and Uncategorized.