Indeed!!
By my calculations, you could afford a mortgage of almost €100,000 for this and coul live here....
...err....
Sorry, couldn't find anywhere in Ireland listed on Daft under €100,000
It would be better if nobody accepted the hike but just because one or two individuals accept it does not automatically make it the market rate for the area. If there are empty properties that are not being rented at this rate then it undermines the owners claim that it is actually the market rate.From discussing with the tenant nearby I have found out that they have already put up the rent on a few places to 2400 and the tenants have just paid the new rate or if the flat is empty they are making new tenants pay this rate.
Surely the same people do not own all of the apartments in the area though? If there are apartments within 5 minutes of you that have a similar specification, the rents that those are commanding would need to be taken into consideration when determining the areas "market rate" as well. If you can find ads on daft for property in the area that is lower than yours then print them out to support your case. If you can find other tenants in the area who are willing to tell you what they are paying in rent, and maybe provide documentary evidence to the same, then this could be useful too.So I think their side of the argument might be that properties in the recent locality are this price so you have to pay what is the norm nearby.
I think you should all make individual claims to the PRTB. It would be more effective if the owner of these aparments has 100 different claims against him.We are trying to get a few tenants from other flats together to complain as a unit so hopefully this will make more of an impact.
Just to add I cannot see how an increase of more then 30% in justified when inflation is circa 5%.
Exactly. It may be the case that you have all been paying well below the market rate for the last few years. Have you done a Daft.ie search for your area? If not do one and see what the average rental is.I think you are all missing the point. It's not the increase that matters, but what the current market rent is. If the current rent of €1800 is well below the market rate, then the increase is understandable.
The only issue is what the market rate for these apartments should be. If the landlord can rent them out at €2,400, then that is what he should be charging. Landlords don't like losing good tenants. If you have looked after the place and paid your rent on time, tell him that it is too high and that you will move unless he reduces the rate.
Brendan
Hardly a hassle free route to take for the OP and all involved though is it?Again, your best bet is to walk.
Were there any other properties in the general area (a five or ten minute walk) of a similiar quality to which you could compare the prices?I have actually looked at daft in the last couple of days and there is a room going in my block for around the 650 figure. There is also a whole flat available and it is at the new rate of 2400.
The OP just said that there are rooms available in the same block for EUR 650 p/m. The owners are trying to charge EUR 800.To date, there is nothing (other than a general knowledge of Dublin rental costs) to suggest/prove it's above the market rate.
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