Unfortunately the housing crisis is not going to be solved one post at a time on AAM, it's not the OP's fault that rental rates are where they are and trying to guilt-trip them into charging what you think is a fair rate is not helpful. Like it or not, they are running a business and businesses operate by charging what the market can sustain, not a cost-plus model.You're looking for an 80% rent increase? Seriously? Have your costs risen that significantly in the 2 years since the last increase?
Besides, if the RPZ legislation is extended to the location of this property, the OP will be constrained from further rent increases over 4% pa thus leading to a perhaps permanent diminution in the value of their property.Unfortunately the housing crisis is not going to be solved one post at a time on AAM, it's not the OP's fault that rental rates are where they are and trying to guilt-trip them into charging what you think is a fair rate is not helpful. Like it or not, they are running a business and businesses operate by charging what the market can sustain, not a cost-plus model.
Unfortunately the housing crisis is not going to be solved one post at a time on AAM, it's not the OP's fault that rental rates are where they are and trying to guilt-trip them into charging what you think is a fair rate is not helpful. Like it or not, they are running a business and businesses operate by charging what the market can sustain, not a cost-plus model.
And I should add that I have a huge amount of sympathy for people renting at the moment, the market is broken and needs to be corrected, but individual owners will not be able to fix it and furthermore it should not be their responsibility to do so.
Besides, if the RPZ legislation is extended to the location of this property, the OP will be constrained from further rent increases over 4% pa thus leading to a perhaps permanent diminution in the value of their property.
Well that's me toldThe one sure way to bring about a nationwide RPZ is for people like the OP to do exactly what they're intending.
You're looking for an 80% rent increase? Seriously? Have your costs risen that significantly in the 2 years since the last increase?
Have you thought about what the likelihood of vacant periods are when the current family move out? How much would that cost you? They must be decent tenants if you've been happy for them to stay for 7 years.
I would suggest the Council have already met you half way by agreeing to €1,000.
No, certainly not, I wasn't having a go at you but it is an unintended consequence of this type of rental increase that further demands to extend the RPZ will be made. It is an important issue.
Do you think an 80% increase is warranted where the OP cannot evict the tenants?
I emailed the council saying I was increasing the rent to €1350 based on the local market and citing 3 local examples of similar properties on Daft. The Council wrote back to me stating €1000 per month would be a fair rate in respect of the property. They also stated they are obliged to seek a discount of approx 8% on the normal market rent.
They have asked me to either A) accept the rent increase to €1000 or B) refer the case to the RTB for adjudication. The rent will stay at €750 until adjudication has been made.
No, certainly not, I wasn't having a go at you but it is an unintended consequence of this type of rental increase that further demands to extend the RPZ will be made. It is an important issue.
Do you think an 80% increase is warranted where the OP cannot evict the tenants?
The one sure way to bring about a nationwide RPZ is for people like the OP to do exactly what they're intending.
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