18th June, 2021
The Residential Tenancies (No 2) Bill 2021 has been published, it includes:-
- Upfront payment upon the commencement of a tenancy will be restricted to a total value that does not exceed two months’ rent i.e. a deposit and one month rent in advance.
- Applies to all tenancies including students residing in student specific accommodation. A student can make a larger upfront payment if they so wish, by way of an opt-out option, but they cannot be forced to do so.
- The Bill also provides that the notice period to be given by students in respect of student specific accommodation will be limited to a maximum 28 days’ notice.
- It extends the targeted protections which are in place for those negatively impacted by COVID-19, in arrears and at risk of homelessness. Subject to the eligible tenant making the necessary declaration they will be protected from rent increases and evictions until January 12th 2022
A copy of the Bill can be found here.