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Lease Question

  • 21-10-2015 7:37pm
    #1
    Shoelaces
    Registered Users, Registered Users 2 Posts: 314 ✭✭


    Good evening,

    Signing a yearly lease for a house in Ranelagh that me and four friends are moving into.

    In the lease it states that we have to pay the property tax and stamp duty. I thought this would be the landlords issue.

    Am i incorrect?


Comments

  • #2
    sunnysoutheast
    Registered Users, Registered Users 2 Posts: 2,072 ✭✭✭sunnysoutheast


    Shoelaces wrote: »
    Good evening,

    Signing a yearly lease for a house in Ranelagh that me and four friends are moving into.

    In the lease it states that we have to pay the property tax and stamp duty. I thought this would be the landlords issue.

    Am i incorrect?

    Owner/landlord is the liable person for LPT.

    Unless rent per annum is very high I do not believe stamp duty is payable. Think it's 30k.

    Maybe find the relevant sections on the Revenue website and send them to whoever you need to.


  • #3
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    Shoelaces wrote: »
    Good evening,

    Signing a yearly lease for a house in Ranelagh that me and four friends are moving into.

    In the lease it states that we have to pay the property tax and stamp duty. I thought this would be the landlords issue.

    Am i incorrect?

    Its an old contract. Stamp Duty used to be paid on a contract. It no longer is the case. I dont its enforceable to get you to pay the LPT if you refuse to pay it.

    IMO he sounds like a sly landlord if he is only bringing this up to you at the time of signing a contract


  • #4
    davo10
    Closed Accounts Posts: 6,926 ✭✭✭davo10


    newacc2015 wrote: »
    Its an old contract. Stamp Duty used to be paid on a contract. It no longer is the case. I dont its enforceable to get you to pay the LPT if you refuse to pay it.

    IMO he sounds like a sly landlord if he is only bringing this up to you at the time of signing a contract

    LL, is not being sly, just not very bright.

    Every tenant in the country is paying the LPT, it's just that in virtually all cases the LLs make the tenant pay by increasing the yearly rent to cover it.


  • #5
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    davo10 wrote: »
    LL, is not being sly, just not very bright.

    Every tenant in the country is paying the LPT, it's just that in virtually all cases the LLs make the tenant pay by increasing the yearly rent to cover it.

    It's sly. It should have been made clear from the onset that any potential tenant had to pay LPT, as it's not the norm. Yes every other landlord includes it in more expensive rent. But that's factored into the price from the start.


  • #6
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    newacc2015 wrote: »
    It's sly. It should have been made clear from the onset that any potential tenant had to pay LPT, as it's not the norm. Yes every other landlord includes it in more expensive rent. But that's factored into the price from the start.

    Stamp duty if applicable is always payable by the person taking the property. It is very unlikely landlord would agree to pay it if it does apply.

    The property tax clause sounds like a remnant from an old lease. I would just tell the landlord you want to strike it out before signing.


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


    sunnysoutheast wrote: »
    Owner/landlord is the liable person for LPT.

    Unless rent per annum is very high I do not believe stamp duty is payable. Think it's 30k.

    Maybe find the relevant sections on the Revenue website and send them to whoever you need to.

    Yes it's 30k, according to Citizen's Information, but 30k isn't that much when you're considering a house for 5 people in Ranelagh.


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