Research by KPMG

Research by KPMG

KPMG Future Analytics have been commissioned to undertake research into the methods by which the sustainability and attractiveness of the rental sector might be improved in Ireland. A key objective of the project is to provide a robust evidence base to aid in supporting future decisions in relation to the sustainability of the rental sector by engaging with a range of stakeholders including those currently residing in each core housing tenure in Ireland (the private rental sector, social housing and home ownership), landlords/investors, relevant public officials and representatives from the social housing sector. The project is particularly focused on the
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Categories: News.
Emergency Period – Ends

Emergency Period – Ends

1st December, 2020 The Emergency Period under the Residential Tenancies Act 2020, which began on 22nd October 2020, will expire tonight at midnight. This means that from 2nd December 2020, the usual tenancy rules apply again unless a tenant is in rent arrears because of Covid-19, in which case the protections under the Residential Tenancies and Valuation Act 2020 apply. Terminations are now permitted – you must pay careful attention when calculating notice periods, taking into consideration any pauses for emergency periods. The Residential Tenancies Act 2020 introduced a revised tenancy termination date with a 10-day grace period, which means
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Categories: News and Uncategorized.
Landlords – Are You Using The Correct Forms?

Landlords – Are You Using The Correct Forms?

25th November 2020 Make Sure Your Notices Are Valid. You must use the correct forms for your notices to be valid.   Rent Arrears You will know that a new rent arrears process was introduced on the 2nd August 2020. Changes have been made to the process which is now an 8-step process.   Sample Notices:   Payment Plan Letter – Click HERE Rent Arrears Warning Letter – Click HERE Notice of Termination Rent Arrears – Click HERE Self-Declaration Form – Click HERE   If your tenant submitted a Self-Declaration form to you confirming that Covid-19 has impacted their ability
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Categories: Property Management and Uncategorized.
Can I Increase The Rent?

Can I Increase The Rent?

17th November, 2020 Question A rent review on my property was due to occur during the Covid-19 emergency period (27th March to 1st August 2020). I did not conduct this review. Can I increase the rent now – Is the tenant now required to pay the new rent? Response Rent increases were not permitted to come into effect during the emergency period (27th March to 1st August 2020). However, from 2 August 2020, rent reviews/increases can take effect as normal for tenants who have not been financially impacted by COVID-19. You must follow the usual rent setting and review rules
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Categories: Landlord Query of the Week and Uncategorized.
Important – Preventing A Further Part 4 /Acquiring Part 4 Rights

Important – Preventing A Further Part 4 /Acquiring Part 4 Rights

10th November, 2020 The recent changes to legislation (Residential Tenancies Act 2020) do not restrict you from serving a Notice of Termination during the Level 5 Restrictions/emergency period.  There may be a revised date on the termination but you will serve it as normal giving the required notice period. Additional time may be given in accordance with the Residential Tenancies Act 2020, this will be added to the notice after it is served.   Acquiring A Part 4 Right If you planned to serve a Notice of Termination in the first six months of a tenancy to prevent a tenancy
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Categories: Landlord Legislation, Property Management, and Uncategorized.
Change In Behaviour In The Market

Change In Behaviour In The Market

9th November, 2020 The Daft Report on Rents for the third quarter of 2020 was issued today. It reflects the experience of our members, who advised that there has been a change in behaviour in the market, with tenants in certain industries working remotely and abandoning properties in Dublin city, resulting in increased availability in the city centre and increasing demand outside Dublin. Overall rents were up nationally year on year by 1.2%. Average listed monthly rent and year-on-year change – major cities, 2020 Q3 • Dublin City: €2,028 – rent down 0.8% • Cork City: €1,443 – rent up
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Categories: News.
Daft Report

Daft Report

9th November, 2020 The Daft report released today outlined information on the third quarter of the 2020 rental market which has been adversely affected by Covid-19.  There has been a change in behaviour in the market, with tenants in certain industries working remotely and abandoning properties in Dublin city resulting in increased availability in the city centre and increasing demand outside Dublin. Student accommodation availability has also increased with less students attending lectures on campus.   Some landlords have moved from the student market.  Stephen Faughnan, IPOA Chairman addressing Members stated that “Covid-19 has resulted in more vacancies in Dublin City
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Categories: News.