Rental property one year only

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suicra05

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I have a 3 bedroom house in Dublin. I would like to rent it for one year only. I was wondering is that possible now with the new RTB rules i.e. 6 year tenanacy.
What is the best way to rent it for one year only. I require the property back in May 2027 for my own use.
 
It is not possible to rent for only one year. In saying that, renting to someone who is looking for a short term let, while they have building work on their own house is the safest option.
 
suicra05 said:
What is the best way to rent it for one year only.
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You could try a fixed term contract for up to twenty four weeks and when those tenants leave, another fixed term contract to the next tenants. Right to stay for 6 years only kicks in at six months in occupation. Even then it’s very risky, no guarantee the occupants will leave and then the rtb will be involved.
I know someone who left the LT rental market a few years ago and short lets for weekends or when there’s a festival or big concert on (max ninety days pa). The key card only works for pre-paid days so occupants can’t overstay. There’s new rules on the way for STLs so that will probably change soon.
 
bipped said:
You could try a fixed term contract for up to twenty four weeks and when those tenants leave, another fixed term contract to the next tenants.
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Do you have to issue a Notice of Termination or is it sufficient just to grant a 6 month lease? If it is the first, the rules here are very tricky. You must give precisely a certain number of days notice or else it is invalid and the tenant gets a 6 year tenancy, that type of thing.

For the money involved after tax and the wear and tear on the property, with the risk of overholding or the government falling and SF getting in an imposing a 'temporary' eviction ban, it really isn't worth the risk.
 
Greenbook said:
Do you have to issue a Notice of Termination
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Yes and you’re right, it’s very specific days notice.
Greenbook said:
with the risk of overholding or the government falling and SF getting in an imposing a 'temporary' eviction ban, it really isn't worth the risk.
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Agree. It’s very risky if the owner wants to move back into the house themselves. I wouldn’t chance it.
 
bipped said:
Agree. It’s very risky if the owner wants to move back into the house themselves.
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Yes, the OP can issue an NoT on that basis as a small landlord, but if the tenant overholds it could be 2 years or more before he regains the house. The tenant could also stop paying the rent once the NoT issues. This doesn't seem to change the view of the RTB towards the tenant and it is impossible to get the unpaid rent.

It is really risky for the sake of a year's fully taxed rent.
 
Greenbook said:
it is impossible to get the unpaid rent
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If a landlord is due unpaid rent, and the rtb dispute process orders the tenant to pay but the tenant doesn’t pay, what happens then? Is it back to the rtb or straight to the courts to sue the rogue tenants just like any other debt claim?
 
It is shocking that it has come to this.

You certainly can't rent it on the open market to people you don't know - way too risky.

If you put the word out in your circle e.g. a neighbour who is doing up their home and you know the full background, it's probably worth taking that risk.

Don't rely on any rules to protect you e.g. "the laws only kick in after 6 months".

Is Airbnb an option? You probably need planning permission, but it's ignored in practice.
 
bipped said:
Is it back to the rtb or straight to the courts to sue the rogue tenants just like any other debt claim?
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The landlord must go to the court to get the order enforced, but the tenant will have disappeared with no forwarding address by then. Per one estate agent in Cork, the RTB will have the tenant's contact details which the landlord could use to pursue the tenant. The RTB won't provide them to the landlord due to GDPR :oops: etc. etc. The RTB does assist the tenant to pursue the landlord if compensation has been awarded to the tenant. This presumably includes the landlord's address but GDPR doesn't apply there it seems.

The reality is that if the tenant chooses not to pay rent, the landlord just has to write the rent off and incur large legal fees at the same time trying to get the tenant out.
 
Brendan Burgess said:
If you put the word out in your circle e.g. a neighbour who is doing up their home and you know the full background, it's probably worth taking that risk.
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I mentioned this before. Our neighbours relocated temporarily to Singapore for work, the husband was seconded there. They rented their house to the son of social acquaintances of theirs who they would have known as decent and honest people.

After returning, they spent 18 months in the wife's sister's front room while evicting the son who had seemingly decided that because the house was so nice and the rent so reasonable that he was entitled to live there permanently.

Even with people you know, it can go badly wrong.
 
1) Make it full market rent no matter who the tenants are.
2) Only give it to someone who is getting a job done on their own house and not someone who will need to find somewhere else to stay when you want it back
 
Brendan Burgess said:
Only give it to someone who is getting a job done on their own house and not someone who will need to find somewhere else to stay when you want it back
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And even then make yourself acquainted with the plans for the job to satisfy yourself with the probability of completion in a year....a house not far from us was left half done for 2 years while the owners settled a dispute with the builders. Not sure where they were living in the meantime! But if the renters don't yet have a reputable builder engaged with a plan of works and a resonable time frame shorter than a year, there could be issues.
 
Perhaps you should write to the Housing Minister and ask him - he must have an opinoion. Maybe ask the same thing of other housing spokespersons, and some journalists....and anyone describing themselves as a "housing expert".
 
Brendan Burgess said:
Only give it to someone who is getting a job done on their own house and not someone who will need to find somewhere else to stay when you want it back
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Can't remember the exact details now ( memory not great) but I recall a neighbour moving out for what was IIRC a 6-9 month renovation that morphed into several years.
 
Same as above. If you have a very clear and definite timeframe for your return, there will always be a risk of overholding, whatever the situation because renovations can be delayed, new house buying can be delayed... In these circumstances, 12 months can easily become 15, nothing exceptional. You could aim to only rent to people who would only need in theory the house for 6-8 months instead of aiming for 12. But then, as it's your own house, you would have to clear, store your belongings and then eventually deal with the wear and tear for 6-8 month rental.
 
I think that overall it is just too risky and too messy to be worth doing in the OPs situation.

The days of casually letting out a house are now long gone.

The rental market is now only for the dedicated professionals with a structure and an organisation in place who will have a preference for the shorter term tenant but don't have to have the property back on a certain date.
 
Greenbook said:
I think that overall it is just too risky and too messy to be worth doing in the OPs situation.

The days of casually letting out a house are now long gone.

The rental market is now only for the dedicated professionals with a structure and an organisation in place who will have a preference for the shorter term tenant but don't have to have the property back on a certain date.
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I agree,

The Op appears to have been in the Landlord Business over 21 years so not new to the rental market since they first started posting,

I am a Landlord I have one house that I may need when my son or his family come To Ireland, It all Depending on the house and its location (to let out if that is the correct word to use) It gets used a lot for people attending local hotel weddings or when the local B&B is full and so on,
I don't do 1 or 2 days I normally do 5 days at a time which keeps the income coming in it is detached with plenty of car parking space on site
never have any Issues so far, I keep the outside in tip top condition all of the time,

The only time I ever was contacted by the locals was when someone left and accidently left the front door open,
 
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