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Rent review period

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  • 29-08-2017 8:48pm
    #1
    Baby01032012
    Registered Users Posts: 1,622 ✭✭✭


    I know this has been covered a million times but i need clarification

    As a landlord i have a tenanct that commenced say 17/09/2013. Rent review 9 August 2016 effective 17/11/2016.

    I thought with the RPZ rules that the 24 month review was replaced now with the 12 month review with the increase limited to 4%.

    So ive already done the minimum 24 month review..with the new rules can i not now do 12 month review as im in an RPZ.

    The RTB calc. is telling me i need to wait 24 months not 12.


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    #2
    davindub
    Registered Users Posts: 1,447 ✭✭✭davindub


    Baby01032012 wrote: »
    I know this has been covered a million times but i need clarification

    As a landlord i have a tenanct that commenced say 17/09/2013. Rent review 9 August 2016 effective 17/11/2016.

    I thought with the RPZ rules that the 24 month review was replaced now with the 12 month review with the increase limited to 4%.

    So ive already done the minimum 24 month review..with the new rules can i not now do 12 month review as im in an RPZ.

    The RTB calc. is telling me i need to wait 24 months not 12.

    24 months min site the last review and 2% pa for the 1st review since December 16 and 12 months thereafter and 4% pa.


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    #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    As per Davindub- the first one is a 24 month review- its 12 monthly thereafter.


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    #4
    Baby01032012
    Registered Users Posts: 1,622 ✭✭✭Baby01032012


    Thanks davindub and the conductor


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    #5
    sk8board
    Registered Users Posts: 3,355 ✭✭✭sk8board


    The_Conductor wrote: »
    As per Davindub- the first one is a 24 month review- its 12 monthly thereafter.

    the RTB calculator doesn't appear to reflect this - you must enter 24 OR 12 in the formula.

    e.g. I have a place coming up for review in Jan that will have been €1200 for over 4 years, and its telling me I can only increase to €1296 (8% total over the 4 years).

    I would have expected it to be €1344 (4% for first 2 years, and 4% for each of years 3 and 4 = 12% total increase)

    thoughts?


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    #6
    davindub
    Registered Users Posts: 1,447 ✭✭✭davindub


    sk8board wrote: »
    The_Conductor wrote: »
    As per Davindub- the first one is a 24 month review- its 12 monthly thereafter.

    the RTB calculator doesn't appear to reflect this - you must enter 24 OR 12 in the formula.

    e.g. I have a place coming up for review in Jan that will have been €1200 for over 4 years, and its telling me I can only increase to €1296 (8% total over the 4 years).

    I would have expected it to be €1344 (4% for first 2 years, and 4% for each of years 3 and 4 = 12% total increase)

    thoughts?

    2% pa until you have conducted your first review. The minimum period between he last review and the proposed review is 24 months. But its limited to 2% pa for whatever period has passed so in your case 8% for 4 years.

    Then 4% pa, reviews possible every 12 months


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    #7
    sk8board
    Registered Users Posts: 3,355 ✭✭✭sk8board


    davindub wrote: »
    2% pa until you have conducted your first review.

    thank you - that explains it.
    So every landlord needs to get that initial review with sitting tenants done asap.

    Question: could I review the rent and agree to leave it as it is. Would that count?


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    #8
    davindub
    Registered Users Posts: 1,447 ✭✭✭davindub


    sk8board wrote: »
    davindub wrote: »
    2% pa until you have conducted your first review.

    thank you - that explains it.
    So every landlord needs to get that initial review with sitting tenants done asap.

    Question: could I review the rent and agree to leave it as it is. Would that count?

    Yes I would increase by a small amount though to show conclusively when the rent review took place.


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