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Going from part IV tenancy to lease, any point?

  • 16-06-2014 2:14pm
    #1
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,104 Mod ✭✭✭✭


    My apartment, along with others in the block, was bought. I am living there a few years and am in a part IV tenancy. If this new landlord wants a lease drawn up (I think they do), is there any benefit to me agreeing with this or not agreeing with this?


Comments

  • #2
    awec
    Administrators Posts: 54,110 Admin ✭✭✭✭✭awec


    Tar.Aldarion wrote: »
    My apartment, along with others in the block, was bought. I am living there a few years and am in a part IV tenancy. If this new landlord wants a lease drawn up (I think they do), is there any benefit to me agreeing with this or not agreeing with this?

    If you sign a lease it will fix your rent rate for at least another 12 months, provided there is no rent increase in the rate they offer with the lease. Also it means you can't be asked to leave except if you breach your obligations in the lease.

    On the downside - you will most likely be unable to move for 12 months without incurring a significant penalty.


  • #3
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,104 Mod ✭✭✭✭Tar.Aldarion


    That's not too bad if they don't increase rent. Hmm. Thanks.


  • #4
    No Pants
    Closed Accounts Posts: 3,347 ✭✭✭No Pants


    awec wrote: »
    If you sign a lease it will fix your rent rate for at least another 12 months, provided there is no rent increase in the rate they offer with the lease. Also it means you can't be asked to leave except if you breach your obligations in the lease.
    If for example, the last rent review occurred 9 months ago, can the proposed lease contain another rent rise?


  • #5
    murphaph
    Registered Users, Registered Users 2 Posts: 19,031 ✭✭✭✭murphaph


    No Pants wrote: »
    If for example, the last rent review occurred 9 months ago, can the proposed lease contain another rent rise?
    Only if the increase becomes effective in 3 months.


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