Cashmere Solo
Registered User
- Messages
- 18
I have a property in an area that is not a RPZ, and the current rent is €900.
The tenants are excellent and I never have any problems with them.
The rent is due for review and the going rents for similar properties is €1400 - €1500/ month.
I was going to raise it probably by €75 to €975 which is ok after 2 years.
The problem is however that I may sell in a couple of years and if the rent is low it could affect the sale.
If the area changes and becomes a RPZ the rent is then locked for ever more.
I got stung in the past by letting out a property in another area at a reduced rent as the tenants were excellent - it then became an RPZ, and the rent got locked.
I dont fancy asking for an increase of €500/ month to bring the rent up to date - but once bitten - twice shy!!
Any suggestions/solutions - most welcome!
The tenants are excellent and I never have any problems with them.
The rent is due for review and the going rents for similar properties is €1400 - €1500/ month.
I was going to raise it probably by €75 to €975 which is ok after 2 years.
The problem is however that I may sell in a couple of years and if the rent is low it could affect the sale.
If the area changes and becomes a RPZ the rent is then locked for ever more.
I got stung in the past by letting out a property in another area at a reduced rent as the tenants were excellent - it then became an RPZ, and the rent got locked.
I dont fancy asking for an increase of €500/ month to bring the rent up to date - but once bitten - twice shy!!
Any suggestions/solutions - most welcome!