We're accidental Landlords, who left Ireland about 6 years ago. We've have had the same tenant since then. However, he has decided to leave and move back to Spain.
I assume our problem is a common one. He was an excellent tenant, so we only ever increased the rent once. The flat is in a RPZ, in Dublin City Center and would seem to be capable of attracting a rent of between 300-500 more than we current get.
Can I legally get around complying with the 4% rule? Short term let? Are there any options?
I called the RTB, they said, put in a new boiler, new windows, make structural changes etc, a combination of improvements is generally required. Keep the receipts and be able to produce these in the event of a dispute.
I called the RTB, they said, put in a new boiler, new windows, make structural changes etc, a combination of improvements is generally required. Keep the receipts and be able to produce these in the event of a dispute.
Coincidently I need to put in a new boiler in one of my properties. Is that definitely classed as significant work which would allow me to increase the rent by more than 4%?
When I asked, it was very clear that a combination of improvements would be required. So if you put in an energy efficient boiler that would be a positive. But you would only know if this was enough if a tenant lodged a dispute. All seems very flimsy to me.