Yes they are. When first established, they were supposed to be for 3 years and 4 per cent increase was authorized in a time of low inflation. Now we are at 2 per cent for 6 years for the one that can reset with an inflation of about more than 3 per cent over the last year and who knows what it's going to be in the next few months.
I didn't even think of that !
You'd have then paid tax on rent you've to pay back ! OMG this is such a mess ............That's what the RTB lady said yesterday. My sibling who thought I'm OTT this last month on getting it right/being careful/worried is slowly getting to understand why I'm so invested in the subject. If I hadn't gone back to Market Rents end of March/April I'd never have looked so closely into this.
Stormy, did you do up the table yourself? Or is there an easy way to extract it from the RTB website?
They make it very difficult to extract the Determination Order data - they bizarrely save as an image.
The RTB helpdesk don't know about this rule ! (the last 3 months rule)
Was quoted over and over 'we are not legal advice/seek legal advice'Does that happen with other state agencies?
I think if a tenant phoned, they would get lots of advice.
Does that mean that technically the rent can't be increased at all based on the RTB's rules.
I don't see how this rule can work. On the website, it is written "The tenancies must have begun in the last 3 months." Begun, not even re-register. Tenancies don't begin when LL pay the annual registration fees. If they consider that a tenancy begins with the annual registration, does this apply for the notice period too (sarcasm)?
That seems to answer the question so, if no three comparable tenancies have begun within the last three months, then per the RTB you can't raise the rent at all!
Actually the rent register does not even explicitly tell you the dates of the comparables. You can attempt to guess them from the registration number but that's not the same thing at all. My own tenancy from feb 2022 has 2302 in the registration number, not 2202. So technically the RTB requirement for comparables within the last 3 months is impossible since they don't provide such information. This would be worthy of a question to the RTB but they didn't even acknowledge my last question about the register never mind answer it.
You'll be told to hire and pay a solicitor to guess what they are talking about.
What does 'document the rationale for the chosen area' mean?
Very good Premos. I’ll use that- I’m in battle mode and need all your guys help. Can’t say more.
The rent register results now seem to include a new column to distinguish between new tenancies and annual registrations, and brings up 30 results instead of 10.