What Might Be Done To Encourage Landlords To Stay In The Rental Market? Thank You Brendan Allen CTA, FCCA, FCPA For Your Input In This Irish Times Piece. https://www.irishtimes.com/your-money/2022/06/21/tax-incentives-for-landlords-how-very-1990s/ IPOA SUPPORTING LANDLORDS FOR 29 YEARS CONTACT US ON 01-8276000
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From 11 June 2022, the Residential Tenancies (Amendment) Act, 2021 amends legislation around Part 4 tenancies and Tenancies of Unlimited Duration come into effect. It means that, after six months living in a tenancy, the tenant will have a right to remain in the property for an unlimited duration assuming a valid notice of termination has not been served. This is subject to the tenant upholding their rental obligations and the landlord’s right to end the tenancy in accordance with the Residential Tenancies Act 2004 (RTA). All new tenancies created on or after 11 June 2022 will automatically become Tenancies
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June 2022 Question? My tenant has left my property but has left belongings behind, mainly clothing items and a few bits of modest value. What do I do with the belongings? Response In the first instance we suggest that you try make contact or speak to the tenant, especially if any valuable/sentimental items have been left. Next, check your tenancy agreement. Some tenancy agreements outline what will happen to goods at the end of the tenancy if they are not taken away by the tenant. If there is nothing in the lease agreement, then you should give the tenants
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A new study by economist Jim Power and commissioned jointly by the Irish Property Owners’ Association and the Institute of Professional Auctioneers & Valuers has concluded the rental market is in a state of crisis exacerbated with the exit of non-institutional landlords in significant numbers, reducing supply and putting upward pressure on rents. The study finds, amongst other issues, that: The constantly changing and very challenging regulatory and taxation environment that treats private landlords very differently from institutional landlords, is largely responsible for private non-institutional landlords leaving the market RPZs (Rent Pressure Zones) are creating a 2-tier rental market and
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Listen Back – IPOA’s Margaret McCormick Speaks to Jerry O’Sullivan at Radio Kerry on Changes To Landlord Legislation https://www.radiokerry.ie/podcasts/kerry-today/new-laws-for-landlords-may-4th-2022-280381
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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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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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