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New incentives for landlords may come to light.

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  • 03-01-2024 12:39pm
    #1
    Registered Users Posts: 1,804 ✭✭✭ballyharpat


    This would be a big incentive for LL's to keep rents lower for my long term tenants. Most used to review every 4-5 years or when a tenant moved out. If I didn't increase the rent, they may have difficulty making a return on a property. if the tenants stay and they are decent, but after 5 years, only being able to raise it 10%, can be a bitter pill to swallow. The 2% per year leading into that 5 years is the only way to cover costs etc. But if the tenant stayed 5 years, and they can increase to 15 or 20%, or market rate, the sitting tenant is happy and the landlord is happy.



    Mr O’Brien said the Government would look at the issue of landlords who had set low rents for long-term tenants before the rent controls came in but were “caught” by a rent increase cap of 2pc when the tenant moved out.


    https://m.independent.ie/irish-news/landlords-will-need-more-tax-breaks-says-housing-minister-darragh-obrien/a1764720841.html



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