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Increase rent before RPZ or wait and hope for the best?

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  • 28-01-2019 7:00pm
    #1
    ConcernedRPZ
    Registered Users Posts: 3 ✭


    I've a house in Limerick near the University. The 8 students I have living there have been there since September 2016 (although some have assigned their leases over that time, but the core group of 4 are the same and two are the kids of a family friend).

    I have always lowered the rent during the summer to keep good students. I'm terrified of getting the type who'll trash the place so when good students I try to get them to stay or find a friend to go in instead when they leave. It's worked so far.

    I'm wondering what I should do this year? I've heard rumblings that Limerick will be turned into an RPZ like Dublin and I'll be limited to a few percent. To be honest I'm probably about 5% below market, but I've been happy with that. I think I could raise the rent now, as I didn't bother with a lease given how long they've been there, and I haven't raised it since 2016.

    Is Limerick likely to be made into an RPZ? If so, should I raise the rent now, even at the risk of losing the tenants, because I don't want to be tied into a low rent. If I lower it during the summer, and the 4% rules come in then, will I be trapped at the discount rate?! Will I get some warning?


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    #2
    Pkiernan
    Registered Users Posts: 4,310 ✭✭✭Pkiernan


    The whole country will be made an RPZ at the next Tenancies Bill.


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    #3
    ConcernedRPZ
    Registered Users Posts: 3 ✭ConcernedRPZ


    Pkiernan wrote: »
    The whole country will be made an RPZ at the next Tenancies Bill.

    I hasn't heard that? When is this Bill to come in? Is it possible to read it?

    You'd think the media would cover this kind of thing. Huge anti-landlord bias.


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    #4
    L1011
    Registered Users Posts: 68,786 ✭✭✭✭L1011


    Murphy's bill is getting media coverage, but the media only care about what gets clicks and share these days and that means the tenancy terms elements are all that really gets covered

    I can't see any logic in not increasing to the allowable amount when possible these days, until some more structured system comes in - or no system at all


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    #5
    ConcernedRPZ
    Registered Users Posts: 3 ✭ConcernedRPZ


    L1011 wrote: »
    Murphy's bill is getting media coverage, but the media only care about what gets clicks and share these days and that means the tenancy terms elements are all that really gets covered

    Where is the term that turns the whole country into an RPZ. I found the bill but I can't see that in it at all. I'm not allowed to link here.


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    #6
    3DataModem
    Registered Users Posts: 3,997 ✭✭✭3DataModem


    I am not advocating illegal activity, however;

    <MOD SNIP>


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    #7
    rightmove
    Registered Users Posts: 995 ✭✭✭rightmove


    3DataModem wrote: »
    I am not advocating illegal activity, however;

    <MOD SNIP>

    It's a joke , surely someone will challenge this unconstitutional measure(rpz). I heard James o reilly on about encouraging old ppl to move and get property for families to buy or rent. Why not stop pushing the landlords out of the market first....clowns. I will never rent a house out again...burnt too bad


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