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Advice re - Existing tenant and rent price

2»

Comments

  • #52
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    jonnycivic wrote: »
    He says they extended it when they bought so that to me means the room already existed, now its just going to be repurposed to a bedroom.

    If that's the case, I doubt renaming an existing room qualifies as substantial.


  • #53
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    charleville wrote: »
    Putting in stud walls and changing the configuration of the downstairs layout... there is scope and space to do this as we have a lot of space to use up, in hindsight the downstairs layout is too big as is just for living space (thankfully) this is mainly due to the fact that we extended it when we bought the house.

    I don't see how anyone could argue that such a change doesn't qualify as substantial according to the information in the RTB Guide.*


    (In my personal opinion, IANAL, YMMV yada yada yada)


  • #54
    charleville
    Registered Users, Registered Users 2 Posts: 146 ✭✭charleville


    Graham wrote: »
    I don't see how anyone could argue that such a change doesn't qualify as substantial according to the information in the RTB Guide.*


    (In my personal opinion, IANAL, YMMV yada yada yada)

    Which is how I came to this conclusion/solution...

    My question was though, after works is completed how do I seek the market rates at that point... do I just prove the works has been done and ask what the going rate is, or is there still a formula that has to be adhered to ??


  • #55
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    From the very helpful RTB guidelines I keep blathering on about:
    When first setting the rent or reviewing the rent, landlords are recommended to retain evidence of comparable dwellings which support the letting value of the property. If seeking this information retrospectively an average rent dataset can be accessed on the RTB website or reference can be made to other property rental reports or valuations.

    and in preparation for the next tenancy:
    Landlords should show the tenant that as a result of the changes, the rent would have been different to what market rent for the dwelling would have been at the time the rent was last set


  • #56
    Fian
    Registered Users, Registered Users 2 Posts: 2,196 ✭✭✭Fian


    Graham wrote: »
    I don't see how anyone could argue that such a change doesn't qualify as substantial according to the information in the RTB Guide.*


    (In my personal opinion, IANAL, YMMV yada yada yada)

    Entirely agree, this would be sufficient to rest the rent imo.


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