Hi Trasneoir
That time line is correct.
My understanding is that he shouldn't be looking for an increase this year but if he gives 90 days notice can he still expect an increase this year or does he have to wait until 2 years have passed since last increase then serve the 90 days notice about intent to increase the rent?
You might think it's bonkers but when greedy landlords try and increase rent by 20% over 24 months then clearly something needed to be done. Of course it doesn't stop this particular landlord from ramping up the rent by even more in November 2017 as things stand right now.It's bonkers but that's the law.
Of course it doesn't stop this particular landlord from ramping up the rent by even more in November 2017 as things stand right now.
when greedy landlords try and increase rent by 20% over 24 months then clearly something needed to be done.
This probably isn't the thread to discuss it Gordon but seeing as you directly asked me, calling it "greed" or calling it "an issue of supply and demand" amounts to pretty much the same thing as I'm concerned. Another way of phrasing it is the landlord is putting up the rent because they know they can, not because they need to in order to cover costs. Absolutely costs (such as property tax) have increased in the last number of years but these in no way justify a €6000 annual increase in the cost of renting a house imho. That is why I equate such an increase to greed.Why does a 20% increase equate to greed?
It's an issue of supply and demand, and landlords are taking it up the proverbial from all angles.
Not sure why you're getting so excited Gordon, I'm only quoting the very specific numbers posted by the OP, nothing else. I'm not making any wild generalisations here, I'm speaking purely and only about the property discussed in this thread.€6,000? So the property is now €36,000 a year / €3,000 a month? Not exactly a standard run of the mill property...Or are you just making wild generalisations?
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