Rent increase: What is a comparable property?

JerryFish

Hi all,

I'm paying €1900 pm for a 1 bed, 1 bath BER exempt apartment in Ballsbridge, which I would have considered on the high end of the market. LL recently served notice of a rent increase but imo the three "comparable" properties they have provided as examples are not similar to mine as although they are also 1 bed, 1 bath they also include within the rental price things like a conceierge service, private gym, maid service, heating and electricity, etc. The notices also don't indicate the size of the properties.

Does anyone know if there is any official criteria by which properties can be deemed to be comparable? Is it just number of beds and baths or are other things taken into account like BER and included amenities? I'd welcome any advice.

DubCount

Its very broadly defined. The RTB does have guidance (link to follow) but its really the landlords opinion of what demonstrates market rent.

https://www.rtb.ie/beginning-a-tenancy/comparable-market-rents

DFB-D

https://www.boards.ie/discussion/2058241820/rent-increase-what-is-a-comparable-property

I would think that the landlord could select better properties.

It might be a mute point though, if you check the locally available comparable properties your increase could be less than the market rent difference anyway.

Maybe have a quick look yourself on daft?

If you feel that the increase would exceed market rent, you can approach the LL at that point.