galway_blow_in
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You may serve a Notice of Termination at any time during the first 6 months of a Further Part 4 tenancy. The notice period runs from the date of the NoT. If you serve a NoT after the first 6 months then you have to use one of the grounds available and state under which ground/s you are serving the NoT.
However, if a new fixed term contract has been signed then you cannot break that contract unless there is a break clause (or similar) in that agreement.
would the fact that a sixteen week notice period be given to the tenants , rule out my option to terminate the tenancy?
I don't follow your reasoning. You may serve a NoT at any time during the first 6 months of a Further Part 4 tenancy. You must also give the 112 days notice period. You could, for example, serve a NoT on the last ady of the 6 month period, which will obviously bring the tenancy beyond the first six months, but as long as the NoT is served before the last day there is no problem.
What happens then? Can the landlord give 90 days notice on 30 January 2017 (or earlier) that rent will increase from 1 May 2017?
If tenants signed a lease in March 2015 and it was extended at March 2016 for a further year, what is the earliest date a rent review can take place?
Legislation says 2 years, so no rent increase until March 2017, understand that.
Does that mean one has to wait until at least March 2017 before even communicating planned rent increase sought? As three months notice required then the rent increase would not be effective until June 2017?
Or can the proposed rent increase by communicated within the 2 year period, however it cannot take effect until after the 2 year period? Could I have a communication with the tenants this side of Christmas 2016 and then have the rent increased from March 2017 onwards?
Wasn't the intention of the legislation to limit increase to every 2 years? If one cannot even communication within the 2 year period then in reality the rent review period is at least 2 years 3 months?
Intention would always be to agree with the tenants of course, however important to be clear on communications and timelines also.
(I gave the tenants a discount to the rents when they moved in in March 2015 expecting that I could increase rent somewhat a year later, but then the 2 year rule came in. Reality is their rent is now 30% below market, in a house in negative equity and on-going mortgage payments way ahead of rents. Unsustainable. And that is before I event pay any tax on it which is also steep. I want to make sure that any budgetary changes this year don't snooker me further, e.g. limiting future rent increase to CPI or something like that. I would prefer to agree and communicate before the budget if possible.)
Thanks.
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