you set the rent today, the calculator confirms the allowable amount, you serve notice, and the effective date is at least 90 days later
Reviewing rent with this 'new' calculator; made up figures for simplicity.
So the allowed increase is €40 per month or €480 for the year. All ok so far.
Three months notice required, so tenant will pay new rent starting Sept.
But - 10x40 is €400 so the monthly rent from Sept 26 through to June 2027 should in fact be €2048.
My memory is that the previous rent calculator took this notice period into account, this one doesn't appear to?
Edit: Went back to some old records:
This was the previous formula - it allows for the notice period. If I sub in my figures I get €2050 as the new rent payable from Sept.
R x (1 + 0.02 x t/m)
2000 X (1+0.02 × 15/12)
R = the amount of rent last set under a tenancy for the dwelling (the current rent amount)
t = the number of months between the date the current rent came into effect and the date the new rent amount will come into effect.
m = you must enter 24 OR 12 (as the number of months to apply to the rent review in question: -
