4% rent caps- Bill

over_there

Hi
I would like to read the wording of the section giving effect to the Minister's housing strategy including the designation of rent pressure zones and the introduction of the 4% maximum increase
I've read the Planning and Development (Housing) and Residential Tenancies Bill 2016 and I understand this was the bill signed this morning and will now be an act however in the bill as publised I don't see the implementation of the rent cap as proposed.

Can anyone point me in the right direction?

Thanks in advance

Mr. Incognito

I dont see it either tbh

over_there

I'm surprised that the wording isn't available. Im pretty sure there was amendments due to the drafting error mentioned last week.

I'm in the letting / management business and want to study the detail.

Victor

Oireachtas.ie has no acts listed since October, which seems hard to believe.

I had sent them an email about the Road Traffic Act 2016, but it seems everyone had left he office at that stage.

GGTrek

over_there wrote: »

Hi
I would like to read the wording of the section giving effect to the Minister's housing strategy including the designation of rent pressure zones and the introduction of the 4% maximum increase
I've read the Planning and Development (Housing) and Residential Tenancies Bill 2016 and I understand this was the bill signed this morning and will now be an act however in the bill as publised I don't see the implementation of the rent cap as proposed.

Can anyone point me in the right direction?

Thanks in advance

This is the final version of the bill, see PART 3 for the amendments to RTA 2004, very soon it is going to be published in Irish Statute book:
http://www.oireachtas.ie/documents/bills28/bills/2016/9216/B92d16S.pdf

There is a big thread on this matter on the property forum.

Paulw

GGTrek wrote: »

This is the final version of the bill, see PART 3 for the amendments to RTA 2004, very soon it is going to be published in Irish Statute book:
http://www.oireachtas.ie/documents/bills28/bills/2016/9216/B92d16S.pdf

There is a big thread on this matter on the property forum.

Ok, maybe someone can clarify, but from reading this bill, it means that rent can't be set higher than 4% of the Rent Index??

So, if you are letting a property below market rate, at the next review, or next new tenant, you can set the rate of rent at market rate + a maximum of 4%? Would that be correct?

bren2002

Is there anything in there about deductions being limited to 4% ? Rent is highly cyclical, I remember getting 20% reductions in the past.