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Maximum Rent Increase

pjbarnes16 · 2007-08-29 20:05:31

I heard from a friend that a landlord is only allowed to raise rent by a maximum of 5% per rent review. I tried to find this clause in the 2004 Residential Tenancies Act but was unsuccessful (no suprise because the Act is like a jungle). Is anyone familiar with this or is it just an urban legend?

29-08-2007 8:05pm

#1

pjbarnes16

Closed Accounts Posts: 8 ✭

Join Date: July 2006

Posts: 3

I heard from a friend that a landlord is only allowed to raise rent by a maximum of 5% per rent review. I tried to find this clause in the 2004 Residential Tenancies Act but was unsuccessful (no suprise because the Act is like a jungle). Is anyone familiar with this or is it just an urban legend?

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Comments

#2 29-08-2007 9:01pm

Rhonda9000

Closed Accounts Posts: 451 ✭✭

Join Date: July 2007

Posts: 435

The landlord cannot set the rent above the "market rent". (s 19) Nothing about "5%" / fixed proportions.

A rent review can take place more frequently than once every 12 months. (s 20)

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