Tenant leaving with only 21 days notice

According to the RTB website, you are entitled to retain their deposit (and you could probably follow them through the RTB + court process for the remainder) although I think that you are required to make efforts to defray your losses (i.e. rent out the property) so you might not actually be entitled to compensation for the additional time in the current market.

What happens if a Tenant fails to give the required notice period

A tenant can give a landlord a shorter period of notice than required, if the landlord agrees to this at the time the tenant is seeking to terminate the tenancy. However, if there is no agreement reached with the landlord and the tenant leaves a rented dwelling and does not serve a notice of termination or gives inadequate notice, the landlord may be entitled to the rent for the period of the notice that should have been given. A landlord may be entitled to retain part or all of the deposit to cover this amount.

Don't look a gift horse in the mouth. You have had 5 years of continuous rent from a tenant who hasn't caused significant issues. You should be glad the property is coming vacant. It gives you a chance to give it a good makeover. The RTB will have every little sympathy and even taking their deposit is dodgy. The rental market is red hot. You should have no problem finding a replacement tenant and you have the opportunity to make all of the accumulated repairs and upgrades which will be necessary after 5 years.

Just keep the deposit and move on.

Tenants have all the rights in this scenario.

Might be a good time to consider selling too.

Yeah regulations should only apply to landlords. I suggest you try and get tradesmen lined up to do work. There is a very good reason for notice periods extending the longer you stay. The issue is the landlord now has a tight deadline to deal with whatever condition the property is in. The deposit may not even cover the damage that will certainly be there beyond wear an tear, all property has damage beyond wear and tear it is whether they repaired or not.

OP go do an inspection now so that you can agree with them leaving early if you are happy with the condition it is in. Making them fix everything and pay for any trades if needed. If possible find out where they work just in case

Count your blessings and get out of property investment while you are ahead.

Looks like the Hard Left have arrived !

Landlords are evil, tenants are martyrs and must not be held accountable!

If he keeps the deposit and the tenant complains to the RTB, In all likelihood, the RTB will order him to repay the deposit plus compensation to the tenant for late repayment of the deposit. The O/P is in business that he has to make a pragmatic business decision. Right or wrong he just has to get on with recovering possession was property and letting it again.

Why do you need to add more? It is quite petty.

PRTB

It is about the notice to get tradesmen being longer than 21 day and back to the legal requirement for proper notice not 12 months.

You have a location to serve them and some employers don't like to hear about walking out on bills

I have been through this and got paid without going to the PRTB. People will chance their arm but when they get push back they often cave.

I know in Germany that two people can a gree on a contract and both will be punished for not honoring the contract they signed. Its different here.

I am noticing you didn't answer the questions put to you, why is that?.I don't have a single piece of Ikea furniture in a rental and they are all insulated with triple glazing. Ikea furniture comes with a 10 year guarantee so I fail to see the issue anyway. Your experiences in the rental market are not reality for the entire market.

You brought up Germany what happens there is the tenant breaks lease terms like this?

The German environment is pretty much the same as Ireland.

Long enforcement periods and they cannot obtain money for a LL off someone who cannot pay.

The grass is always greener and all that, but Germany is not a good example.

Not according to the RTB wesbite; the OP is fully entitled to retain their deposit (although I believe this is subject to the LL making every effort to defray their losses):

https://www.rtb.ie/beginning-a-tenancy/deposits

Irrelevant how much they paid already. If you boss decided not to pay you and said sure I paid you so much already you should be happy with that. Current climate means a shortage of trades and materials meaning more time needed to organise.

Notice period works both way

How is it illegal to know where to contact the tenant after they move? What is illegal of finding somebody that owes you money? I am not breaking any rules nor regulations

Your point is how you think the landlord should treat the situation when it is not your money involved.

I get paid and they don't get to walk away owing me money because how they view how I should look at my accounts. Really easy for you to offer other people's money up. Your double standard is that the landlord has all the restrictions and obligations but tenants get a free pass that is definitely double standards

Might be just me, but I get the feeling the OP might be using the time to figure out if its viable to stay a landlord.

And having the tenant keep their end of the contract allows them this time to figure things out.

They might not necessarily want a new tenant in 21 days.

All going well you can, as in you can issue notice after 2 months if not paying rent.

But if they appeal.... It takes a lot longer to get a decision and longer again for enforcement.

I think many EU countries have the same issues as in Ireland.

You are, because thats how data protection works.

We know its double standards and one sided. That's why LLs are leaving. That won't change until the Govt cops on and realise LL need protection aswell as tenants.

What you are proposing is throwing good money after bad. You also risk a hefty fine thats more than any costs you recover.

Leaving early is grounds for keeping the deposit. The RTB will support that. There nothing subjective about it.

What profit?

It's explicitly stated on their website...

No wonder the rental sector is fked when the landlords are so clueless they are coming on to Boards to find out how to do their jobs.

In fairness it was the tenant breaking their tenancy and forfieting their deposit that initiated this.

Or sell up and keep it.

In fairness a landlord will have some sort of a notice agreement on a contract and should know what to do if it's broken unless they are either a complete moron or a crooked slum landlord with no paper trail.