The proposed legislation will encourage bad landlords

Brendan Burgess

Brendan Burgess

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I hate admitting it, but Paul Murphy made a good point on TV last night.

It's not in a landlord's interest to end a tenancy because he is stuck with the old rent.
But if the tenant "voluntarily" leaves, the landlord can reset the rent to market rates.

So landlords will not be encouraged to have happy tenants. They will be encouraged to have unhappy tenants who will leave.
 
Also, short-term tenants will be very attractive, the people who'll only be staying for a year. You'll have the flexibility to sell when they leave if that is what you decide to do or a rent increase to market rates.

Long-term tenants were attractive in the past, not anymore.
 
Brendan Burgess said:
It's not in a landlord's interest to end a tenancy because he is stuck with the old rent.
But if the tenant "voluntarily" leaves, the landlord can reset the rent to market rates.

So landlords will not be encouraged to have happy tenants. They will be encouraged to have unhappy tenants who will leave.
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That's exactly what happened in Lisbon for decades, rents were set at very low rates based on 1970s rents, so Lisbon fell into dereliction as landlords would not invest in their properties and let them fall into rack and ruin. It's only in the last decade or so that the whole market was reformed and new capital especially from France invested big time in Lisbon as those restrictions were all lifted.
 
joe sod said:
That's exactly what happened in Lisbon for decades, rents were set at very low rates based on 1970s rents, so Lisbon fell into dereliction as landlords would not invest in their properties and let them fall into rack and ruin. It's only in the last decade or so that the whole market was reformed and new capital especially from France invested big time in Lisbon as those restrictions were all lifted.
Click to expand...
That's what happened to me for one property. There was zero point fixing it so I let it go as there was no incentive to doing it up or keeping it well. But the tenant's would not leave. So I got them out to sell (rehousing some elsewhere). New owner is renovating it to go back to market rent. After leaving it empty for the two years.
 
I wouldn't consider myself a "bad landlord" at all but I haven't invested a farthing more than necessary for 20 years now in my property. Some tenants have done their own repainting and replaced furniture. I know the pitfalls of allowing this. But I tell them anything more than really necessary is something I cannot afford. They offered to pay me more, but i said i would be breaking the law to accept it. None of this is how it should logically work, but that's how it is.
 
The Govt policies have for many years done opposite of what they were introduced for. They were warned and did it anyway.

It's an interesting observation about the new rules though..
 
I know hap tenants on a waiting list can't just walk away from a property as they need a valid eviction order to seek help. So in terms of hap type tenants this point maybe irrelevant.
 
Never heard of a tenant leaving voluntarily, had to laugh when I saw that. They sublet to others and the landlord gets stuffed. RTB are their guardian angels
until the original tenants leave and you insist the newer tenants provide details for RTB registration, that’s how I got the situation resolved and a rent increase. Laws are or were already stacked against the landlord

I have happy tenants, but I’m getting really discouraged at the direction this country is going under this government. Seems they are still on honeymoon from the election
 
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