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Rent increase - Timing

  • 08-10-2014 2:01pm
    #1
    Monife
    Registered Users, Registered Users 2 Posts: 3,014 ✭✭✭


    Hi all,

    I want to prepare myself for the inevitable.

    We are renting for 1 year and 2 months, we originally signed a 1 year lease but the LL hasn't given us a new one. What type of tenancy are we and what rights/protection do we have seeing as there is no lease currently in place?

    Also, if the LL wanted to increase the rent, can he do it at any time or does he have to wait until our 2 year anniversary?

    Thanks.


Comments

  • #2
    Eldarion
    Registered Users, Registered Users 2 Posts: 484 ✭✭Eldarion


    After you were in the property 6 months you entered into Part IV tenancy. You are under no obligation to sign another lease, but you lose out on the benefit of having a fixed term lease if you choose to remain solely in Part IV.

    The landlord can review the rent amount once every 12 months, he/she cannot increase this beyond market rates.


  • #3
    the world wonders
    Registered Users, Registered Users 2 Posts: 489 ✭✭the world wonders


    Monife wrote: »
    Also, if the LL wanted to increase the rent, can he do it at any time or does he have to wait until our 2 year anniversary?
    He can increase the rent at any time, subject to the limitation that there must be at least 12 months between rent modifications. So he could increase your rent tomorrow, but after that he could not change the rent until 9th October 2015.


  • #4
    Monife
    Registered Users, Registered Users 2 Posts: 3,014 ✭✭✭Monife


    Thanks for the replies.

    What is ours and the LL's notice period under part IV? Is it the same if he decides to sell? Not that we'll be moving any time soon with the way the rental market is but it's good to be informed :)


  • #5
    Michael D Not Higgins
    Registered Users, Registered Users 2 Posts: 7,223 ✭✭✭Michael D Not Higgins


    Monife wrote: »
    Thanks for the replies.

    What is ours and the LL's notice period under part IV? Is it the same if he decides to sell? Not that we'll be moving any time soon with the way the rental market is but it's good to be informed :)

    The notice periods are here
    http://www.citizensinformation.ie/en/housing/renting_a_home/types_of_tenancy.html
    The notice periods are only applicable for the landlord if he meets certain criteria. These are:
    •After 3 years and 6 months
    •If you do not comply with the obligations of the tenancy
    •If the property is no longer suited to your needs (for example, if it is overcrowded)
    •If the landlord intends to sell the property within 3 months
    •If the landlord needs the property for him/herself or for an immediate family member
    •If the landlord intends to refurbish the property substantially
    •If the landlord plans to change the business use of the property (for example, convert it to office use)


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