Important – Rent Arrears New Process

Important – Rent Arrears New Process

  A new process for rent arrears has been introduced as of the 2nd August 2020.   The rent arrears procedure is an eight step process and is more onerous, complicated and involved than the previous process.   New temporary protections are in place for tenants who are unable to pay their rent due to Covid-19.  A tenant must serve a Self-Declaration Form on a landlord to avail of the protection.   The RTB have produced a guidance document on rent arrears as a result of Covid-19, outlining the required steps which can be accessed here.   A document has
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Categories: Landlord Legislation and Property Management.
IPOA Condemn Illegal Eviction

IPOA Condemn Illegal Eviction

The Irish Property Owners’ Association (IPOA), the national landlord’s representative organisation, promotes good practice and legislative compliance.  The Association is concerned with the manner in which People were evicted from a property in Berkley Road Dublin recently. The Association does not condone any type of illegal force being engaged in an eviction process.   While we are aware that difficulties arise in cases where repossession by Financial Institutions cause friction, the occupiers should not be involved.  Legislation should be adhered to, and where a dispute arises between Property Owner and Tenant it may be referred to the RTB for resolution in an organized manner.
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Categories: News.
New Legislation – Important Information Landlords Should Be Aware Of

New Legislation – Important Information Landlords Should Be Aware Of

The Residential Tenancies and Valuation Act 2020 became law on the 2nd August 2020, and the protections provided in the Emergency Measures in the Public Interest (Covid-19) Act 2020 expired.   Rent Arrears The Act sets out new protections for tenants who have fallen into rent arrears, and as a result, are at risk of losing their tenancy. These tenants can receive additional protections to remain in their tenancy without any increase in rent until 11 January 2021. To qualify for these supports, tenants must fill in and sign a Self-Declaration form if they meet the below criteria. Tenants who are
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Categories: Landlord Legislation.
The Clever Way to Refinance your Property Portfolio

The Clever Way to Refinance your Property Portfolio

ICS Mortgages, have extensive experience working with clients who wish to refinance their property portfolios.  Every client is unique so they tailor mortgage solutions based on their client’s individual needs. Their standard refinancing solutions are open to all applicants and a tailored portfolio refinance option is available to those refinancing a minimum of two properties with a minimum total loan value of €1.5 million. ICS Mortgages are now the leading provider of new Buy-to-Let residential mortgage financing in Ireland. Whether you are thinking of a straight refinance of your property portfolio or if you are looking to refinance and release
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Categories: Property Management.
Residential Tenancies and Valuation Act 2020 Now Law

Residential Tenancies and Valuation Act 2020 Now Law

On 2nd August 2020, the Residential Tenancies and Valuation Act 2020 became law and at the same time, the protections introduced in the Emergency Measures in the Public Interest (Covid-19) Act 2020 expired. The Act 2020 sets out new protections where a tenant has fallen into rent arrears. There are new processes around rent arrears: • Further protections and obligations have been introduced for tenants in financial difficulty as a result of Covid-19 • Increased obligations on the service of documentation around rent arrears on all tenancies. • Not all tenants in arrears are protected Rent increases already served will
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Categories: Landlord Legislation and News.
Can I Serve A Notice Of Termination?

Can I Serve A Notice Of Termination?

30th July 2020 Question: I desperately require my rental property for my own use. I was in the process of arranging a notice of termination for personal use when the Covid-19 Emergency Legislation was introduced. Is there any update on when I can proceed with a termination notice? Response: Minister O’Brien announced recently that the rent freeze and eviction moratorium, which was due to expire on the 20th of July, is extended until 1 August 2020. The Residential Tenancies and Valuation Bill 2020 which has passed stage one in the Dáil is new legislation being introduced. Our understanding is that
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Categories: Landlord Query of the Week.
Is Your Property Adequately Insured?

Is Your Property Adequately Insured?

  In association with SA Faughnan (Brokers) Ltd. and their continuing advice and tips for IPOA members on Property Insurance related topics.     The following article has been provided by Build Cost Chartered Quantity Surveyors.   Is Your Property Adequately Insured?- CLICK HERE    S.A FAUGHNAN (BROKERS) LTD. ARE OPEN FOR BUSINESS! S.A. Faughnan (Brokers) Ltd. continue to operate as normal, you can contact us as usual on 01 8245555 or by email during office hours 9am-5pm Monday – Friday. We continue to quote for all new business enquiries as normal and in fact we have introduced even more
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Categories: Uncategorized.