Advice and Tips On Arranging Proper Landlord Insurance

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?

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

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

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.
Landlord Query Of The Week: Substantial Refurbishment / Rent Increase

Landlord Query Of The Week: Substantial Refurbishment / Rent Increase

July 2019 Question My rental property is in a Rent Pressure Zone. I served a valid notice of termination on the grounds of substantial refurbishment in January 2019, the tenants vacated the property on the 1st of April 2019 and works commenced on my property on the 9th of April 2019.  I would like to increase the rent to market rent once the works have been completed. As works are still ongoing, do I have to adhere to the new legislation brought in with the Residential Tenancies (Amendment) Bill 2019? Response Refurbishment/Change works that commenced on or after 4th June
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Categories: Landlord Query of the Week, Rent Increases, Substantial Refurbishment Rules, and Uncategorized.
RTB Present To IPOA On The New Landlord Legislation

RTB Present To IPOA On The New Landlord Legislation

IPOA welcomed 250 Members to the Aisling Hotel on the 2nd of July 2019 to receive information on new landlord legislation now in place. Janette Fogarty, Head of Enforcement and Legal Affairs with the Residential Tenancies Board (RTB) delivered a comprehensive presentation on new landlord legislation in place on foot of the Residential Tenancies (Amendment) Act 2019. Rosalind Carroll, Director of the RTB also attended and provided detailed responses to  queries. Chairperson of the IPOA, Stephen Faughnan highlighted the complexity and severity of the legislation. Stephen outlined that it is vitally important that Members are kept up to date and
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Categories: Landlord Legislation, News, RTB and Dispute Resolution, and Training for Landlords.
Rent Pressure Zones In Co. Meath And Co. Louth

Rent Pressure Zones In Co. Meath And Co. Louth

July 2019 Rent Pressure Zones were introduced in Ireland in 2016, There are currently 21 Local Electoral Areas which have been designated as Rent Pressure Zones. As of the 2nd of July 2019 more areas in Co. Meath and Co. Louth are now in a Rent Pressure Zone. Margaret McCormick speaks to LMFM about Rent Pressure Zones and the effects for Landlords in Co. Meath and Co. Louth. Listen HERE ( Starting 1 hour in) Contact Us Now With Any Queries You Have – 01-8276000 * take note of the date of publication of this piece. Information on this website
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Categories: News, Rent Increases, and Rent Pressure Zone.