http://www.irishtimes.com/news/poli...-limited-to-4-rent-rises-under-plan-1.2903235
Only bombs destroy a city more quickly than rent controls.
Only bombs destroy a city more quickly than rent controls.
I've free cash there that makes me very little, I find myself looking at myhome website thinking maybe i'll give landlord a go. But all these rules and regulations makes it so unattractive to become a landlord.The more the government interfere the more I think -Why would anyone want to become a landlord!
You'd imagine they would want to give people an incentive to become landlords if there is a shortage not the other way around.
This really is a bizarre proposal.
If I buy an apartment, how much freedom do I have in setting the initial rent?
This is new. Unless I'm mistaken, previously if the tenancy ceased due to a part 4 ending (or other valid termination) the landlord was free to set the rent at any rate for new tenants (even above the prevailing market rate). Now it seems that this is not allowed. Good luck policing that.The limitation will apply to rents set for new tenancies
And what happens if the current rent is 20% below the market rent?
This is new. Unless I'm mistaken, previously if the tenancy ceased due to a part 4 ending (or other valid termination) the landlord was free to set the rent at any rate for new tenants (even above the prevailing market rate). Now it seems that this is not allowed. Good luck policing that.