1. When can I give notice to tenants of increase, to maximize returns over the coming years? It's 4% increase right?
2. Is this new rental cap for 3 years only? What will happen after 3 years? Free to set whatever rents we want?
Thank you.
So when Dublin is no longer a pressure zone, can I increase it to market rate after showing comparable rents either Immediately upon the announcement, or would I have to wait till the end of that years contract with the tenant to put it up?
So when Dublin is no longer a pressure zone, can I increase it to market rate after showing comparable rents either Immediately upon the announcement, or would I have to wait till the end of that years contract with the tenant to put it up?
There is a statutory obligation to include the calculation in the rent review notice as per the RPZ formula - fail to do so and the tenant could dispute the validity of the notice -Also never give anyone any more than you have to or they may use it as a stick to beat you with afterwards. So don't give them the workings of the rent calculation. Just give them the required notice stating what the new rent will be.
That is not correct.So if you haven't reviews the rent in 3 years it is 12% you can adjust it too and so on.
That is not correct.If your tenant agrees with it yes if they don't no.
In my opinion, if your rent is stated in the lease agreement (and it must be as your agreement acts as a rent book which is compulsory) then you cannot change the rent during the lease agreement.Thank you.
So when Dublin is no longer a pressure zone, can I increase it to market rate after showing comparable rents either Immediately upon the announcement, or would I have to wait till the end of that years contract with the tenant to put it up?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?