HI Everyone,
I live in the UK and have one btl in Dublin in Swords.
I was not aware there was a rent pressure zone there and had nt raised the rent for 7 years and its now E1100 v E1750 market rent.
I had a good tenant so left it and just thought ill raise rent when she moves out which I now realize I cant do apparently - and find it very unfair that just because i chose not to raise it and also wasnt even aware of this rpz - im now stuck at a very low rent.
Is there any way around this at all ?
I know the 2 year rule and refurbishing etc but I mean without that is there any way to bring it up near market rent.
Many thanks
I live in the UK and have one btl in Dublin in Swords.
I was not aware there was a rent pressure zone there and had nt raised the rent for 7 years and its now E1100 v E1750 market rent.
I had a good tenant so left it and just thought ill raise rent when she moves out which I now realize I cant do apparently - and find it very unfair that just because i chose not to raise it and also wasnt even aware of this rpz - im now stuck at a very low rent.
Is there any way around this at all ?
I know the 2 year rule and refurbishing etc but I mean without that is there any way to bring it up near market rent.
Many thanks