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Limit on Annual Rent Increase?

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  • 28-03-2007 9:07am
    #1
    DubDani
    Registered Users Posts: 1,156 ✭✭✭


    Our lease will be up in about 8 weeks. Last year we negotiated a good deal for the apartment, but since then it appears as if the rent went through the roof in our area. The same 2 BR apartment goes now for about 350-400 euro more (about 35%), according to daft.ie.

    Assuming that our landlord would like increase the rent, is there a maximum he can increase the rent by?

    Cheers,
    DubDani


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    #2
    skelliser
    Registered Users Posts: 2,985 ✭✭✭skelliser


    as far as i can remember the landlord can only raise the rent if he gives you something in return, say some refurbishments, new appliances etc.

    other then that he cant go raising the rent just because other places around have gone up and since uv negogiated a new contract u should be fine

    i think this is stipulated in the tenant/landlord act which you should get free from threshold or look at there site:
    http://www.threshold.ie/menu.asp?menu=83

    hope this is of any help!

    KNOW YOUR RIGHTS ASWELL CAUSE LANDLORDS MAY SEEM SOUND BUT REMEMBER THEY'RE IN IT TO MAKE MONEY


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    #3
    Victor
    Registered Users Posts: 78,398 ✭✭✭✭Victor


    As I understand it, the increase is in line with the average increase on the market. Most landlords seem to be asking for only modest increase on existing rents, but big increases for new tenants.


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    #4
    antoinolachtnai
    Registered Users Posts: 9,787 ✭✭✭antoinolachtnai


    By the sounds of it, he can increase it by 35 percent. However, the rent can only be increased once per year.

    The apartments may not really be achieving the rents you see in daft.ie. You have to watch to see if the properties are actually shifting.

    You can appeal a rent increase to the PRTB. I think you still have to pay the increase in the meantime though. You should check the details with PRTB.

    If you think the increase is too high, and you can justify it by reference to the market, then it is worth saying to the landlord that it is out of line. He might budge, he might not.

    It might be true that landlords are in it to make money, but it is also true that tenants are in it to get a cheap place to live. It's a two-sided deal. More than anything else, landlords want a steady tenant.

    Antoin.


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    #5
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Your landlord is entitled to increase your rent in line with increases in rent that have occurred in the area. So theoretically he/she could seek a full 35% increase in rent. Contrary to the information above, your landlord does not need to give you anything in return for the increase in rent- he simply has to keep the property in a habitable state, as specified under the Residential Tenancies Act of 2004. If you are unhappy with the proposed increase in rent, you are entitled to appeal it to the PRTB, however if prevailing rents in the area have increased by a commensurate amount, it is unlikely that your appeal will be successful.

    If you have been good tenants, it is quite possible that the proposed increase in rent may not be anywhere near the increases that occurred in your area. This is entirely discretionary on the part of the landlord though.


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