Landlord wanting an 18% increase in rent...

Sir Oxman

Hi

Just paid my rent today (I moved in exactly one year ago last Saturday) and landlord says he wants €1000 per month from next month, up from € 850 which is what I was paying. That's a whopping 18% increase!!!


The apt is two bedroomed, two bathroomed in the Ballymun area....(My work is there)

He says his 'advisors' have told him he can get people in right away for €1000 pm.

By the way, I have no signed lease, pay rent by cash but have looked on threshold.ie and I do have tenancy rights even without a lease (it suited me and him not to bother with one at the time)

According to threshold, landlords can only increase rent annually within open market rates - does that mean say, rate of increase is averaging 8% so that is what he could up it by or does it mean there are other similar apts going for €1000 so he can ask for that from me?

I've been a model tenant and he knows it but I am really annoyed by this. Also I would prefer not to move but I just can't afford an extra 150 pm.

What to do?