The biggest shock to me is the 2019 backdating by the RTB, this is very serious indeed.
Yes, indeed and presumably a 6 year look back into the future as well, so in 2033 they may be in investigating your rent setting in 2027.
I don't believe it's a six year look back, my understanding from the call was any issues since 2019 can be investigated and sanctioned. This is consistent with the I&S powers that the 2019 legislation amendments granted the RTB.
So, in 2033, they can sanction accommodation providers for something that happened 14 years ago (e.g. a rent review was invalid as it was posted and it didn't give the full 90 days notice from date of service (which itself was due to incorrect RTB guidance) - there could be up to 14 years of rent refunds...)
I have a very good relationship with my tenants, always have.. and I genuinely believe they are trying to buy house, they have provided several updates on the process over the past few months....
@Colin4444
If you've a decent relationship with the tenants and reckon they'll actually engage, mediation is the better bet I think.
It's far faster - roughly 10 weeks vs 20 for adjudication (RTB's own figures*). Either outcome can be appealed, but mediation at least gets you to the tribunal stage sooner if it comes to that.
The bigger advantages, though: neither party ends up on the public register (provided it's not appealed), and it's a friendlier process. At the mediation you can propose a move-out date - say end of October - and once the appeal window passes you've got a Determination Order you can have enforced through the courts if needed. If you are generous with your mediation offer they won't appeal it, and you'll end up in a better position than the ajudication / appeal route as the RTB is disgracefully slow.
*Take those timelines with a pinch of salt - every case I've dealt with has run a good deal longer. But mediation is still much faster than adjudication. You'll find even after you are successful at mediation, it will take them a few months after the close of the appeal window to issue your determination order, they are truly a joke of an organisation.