Are You A Compliant Landlord? Changes To Be Aware Of!

July 2019 There have been a number of changes in recent legislation (June 2019).  To be a compliant Landlord, you need to be aware of theses changes.  Changes in the legislation are both complicated and complex.   Rent Reviews – Legislation around rent reviews has changed.   There are new requirements in the notice;  ensure that you are using the latest notice which is available on the RTB Website.   The change commenced on the 1st July, any rent review carried out on or after that date must contain the new items.   Rent reviews served prior to 1st July 2019,  correctly completed,
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Categories: First Time Landlord, Landlord Legislation, and Property Management.

The Bringing Back Homes Manual

The Bringing Back Homes manual is aimed at property owners, members of the public, local authorities and stakeholders in the construction industry who are interested in developing vacant buildings. It provides clear and detailed guidance on current policy and regulatory requirements that apply to this form of development. It outlines the process and issues to be considered when developing existing buildings for residential purposes and applies these procedures to four common building types, which typically reflect the buildings (or parts of buildings) that are lying vacant in towns and cities all over Ireland today. It provides further guidance on the
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Categories: Supporting Documents For Landlords.

Irish Water – Short Update

August 2019 The legislation surrounding the provision of information hasn’t changed since 2015. Please see below short update on excess usage – more information will follow in the coming weeks. Update Irish Water  Q. Must I still notify IW if I’m moving in or out? A. Where there is a change in the occupation of a dwelling in receipt of water services from Irish Water there is an obligation on the owner of that dwelling to (a) either register with Irish Water or (b) notify Irish Water that he or she is not the occupier of the dwelling and provide
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Categories: News, Property Management, and Uncategorized.

Advice and Tips On Arranging Proper Landlord Insurance

August 2019 It is vitally important to arrange the right insurance cover for your investment property as the insurance risks associated with letting residential investment properties can be very high and are completely different to that of owner occupied risks. Some landlords are arranging a normal household ‘landlord’ policy which is far from adequate. An investment property requires specific investment / buy to let All Risks insurance. At all times make sure that the insurance company in question knows that the property is rented to tenants. When requesting a quotation for your property, the following covers need to be included:
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Categories: Landlord Insurance.

What Are The Minimum Standards For Rented Residential Accommodation?

July 2019 In Ireland, rented properties must meet certain minimum standards set out in legislation. Landlords must also be aware of their safety responsibilities. The Housing Standards for Rented Accommodation regulations were recently updated, effective 1st May 2019. All rental properties must comply with the standards  at the commencement of the tenancy and also during the tenancy.. Failure to comply with the minimum standards can result in penalties and prosecution. For each unit let or available for letting, as a Landlord you must ensure that the rental property is in a proper state of structural repair.  You  must maintain the
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Categories: First Time Landlord, Landlord Legislation, and Property Management.

Life Interest v Right To Reside

July 2019 Author: Cathal Lawlor,Lawlor Partners Solicitors and Chartered Tax Advisors. In succession planning work we are sometimes asked if a house can be left to someone for their life and then left to someone else? So for example assume Mary wants to make her will and wants to leave her house to her daughter Anne but wants to make sure that her brother Mark, Ann’s uncle, can live there until he dies. In those circumstances we generally have two potential options. The first option is to insert a clause in Mary’s will to leave the house to Mark for
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Categories: Taxation.

Small Gift Exemption – Transfer Some Assets When Alive To Secure Tax Savings

Author: Cathal Lawlor,Lawlor Partners Solicitors and Chartered Tax Advisors. It is always worthwhile for Landlords to have a look to understand whether there are any reliefs which we might claim before the year ends. The small gift exemption is one that is often overlooked. At first glance it is not particularly large but if used with a bit of intention and planning, it does allow for a surprising amount of wealth transfer from one generation to the other. What is it? The small gift exemption provides that an individual can be in receipt of a gift of up to €3,000
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Categories: Taxation.