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Why are landlords rushing to increase rent

  • 11-11-2015 12:02pm
    #1
    Beagle Boy
    Registered Users, Registered Users 2 Posts: 32 ✭


    Based on the details provided on the new rent controls (http://www.thejournal.ie/alan-kelly-rents-housing-2435446-Nov2015/) can anyone explain to me why landlords are rushing to iincrease rents before the legislation comes into affect (there are a few threads here already about recent increases).

    If someone's rent has been reviewed already this year then the legislation will mean it cant be changed for 2 years rather than 1. If its over a year since rent has been reviewed then I'm not sure I understand why it matters whether that review happens before the legislation in enacted or after. The one reason I can see for it is that the new legislation indicates that a landlord must give 3 months notice so if a landlord did intent to increase the rent he misses out on two months of the inreasesd rate if he waits until after the legislation comes into affect.

    Am I missing something obvious here?
    BB
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