Increasing rent in an RPZ

W

Whatami

Registered User
Messages
15
I own a 3 bed property that I have been renting to a friend for the last 10 years. He is moving to Australia soon, so I will be looking for new tenants. I have only been charging him 1150 a month in an area where the average rent for a 3 bed is now 2200. I don't want to raise the rent to that level, but with the recent interest rate changes I will need to charge approx 1600 to cover costs. Is it possible to raise by that much in an RPZ if I can prove that the rent is way lower than it should be?
 
Whatami said:
I own a 3 bed property that I have been renting to a friend for the last 10 years. He is moving to Australia soon, so I will be looking for new tenants. I have only been charging him 1150 a month in an area where the average rent for a 3 bed is now 2200. I don't want to raise the rent to that level, but with the recent interest rate changes I will need to charge approx 1600 to cover costs. Is it possible to raise by that much in an RPZ if I can prove that the rent is way lower than it should be?
Click to expand...

Other than leaving it vacant for 2 years I don't believe so however if you do find a way let me know!
 
1.What rent increases have you applied over the last decade?
2. Use RTB calculator
3. Consider Ukraine scheme, €800 per month tax free.
 
Whatami said:
I own a 3 bed property that I have been renting to a friend for the last 10 years. He is moving to Australia soon, so I will be looking for new tenants. I have only been charging him 1150 a month in an area where the average rent for a 3 bed is now 2200. I don't want to raise the rent to that level, but with the recent interest rate changes I will need to charge approx 1600 to cover costs. Is it possible to raise by that much in an RPZ if I can prove that the rent is way lower than it should be?
Click to expand...
This is why landlords are leaving the market. There is no control over your rent. Was the tenancy registered with the RTB? Is there a paper trail?

You can see how much you can raise the rent by using the RTB calculator as a poster mentioned above.
 
You must log in or register to reply here.
Back
Top