New rental rules .... so bad for all

It is simple to deregister. Just notify the RTB that the property is no longer let. Most people don't bother as the RTB have only 12 months to prosecute and it is unlikely they will find out in time.

If it's to sell, isn't there some other rule about selling within 9 months? 🤣🤣

No, I won’t dishonour my lease agreement with my tenants, unless I absolutely have to.

Its not my current tenants I’d be worried about at all. It’ would be putting my one rental house on the roulette table next time. Not worth the risk with these crazy laws hey keep knitting up.

Wouldnt surprise me :)

Lots of people over on askaboutmoney giving their notice to sell now too.

The funny thing is that I personally knew lots of property investors at one point.

The only ones I know who are still letting their properties now are the ones who tenants wont leave. Everyone else has soldup since rent controls and the legislation roulette table, as yipeede so aptly put it, came in.

No I did not say it was going to sit idle.

I said it would just never be rented out again.

I shall go back to using it just as I did prior to three years ago (only renting it out three years)

Its 10 minutes from my company offices in Dublin and myself and we used to stay a few nights a week to break up the long commute from the countryside where we are living now. My house has never stood idle in the 20 odd years since I purchased it. After we moved ourselves, I’ve had multiple family members live in it over the years. Plus our son is now at college in Dublin and is also commuting up and down too.

I don’t like the idea of any house standing idle, however I fully understand other small LL’s with a single rental like myself who’d rather leave there’s stand idle than take the risk of renting it out again.

What some on this forum (and other forums) fail to realise is that there are landlords and tenants who have good professional relationships that do not rely on the letter of the law to function. In fact, I'd argue that if you ARE relying on the letter of a contract or a law, you have failed as a landlord. Those rules are for enforcement, but don't need to constrain agreements.

It's perfectly possible to rent a place with an agreement like "after six months you can move out with 8 weeks notice no problem, at your convenience" which tenants who are looking to buy might really appreciate. When the time comes, nobody needs to go looking for typos in eviction letters or checking the latest legislation. That is only needed when one of the two parties fails in their duty and doesn't want to try and make good.

You don't have to "get" most tenants to leave, most just leave at the agreed time.

If I was going to stay there a few nights a week myself, I would rent out 1 or 2 rooms tax-free up to 14k per year, no tenancies or messing about either.

I don't deny there are plenty of good relationships between tenants and landlords (I'd say all of the ones I've had with my landlords have been good), but those often tend to sour once a tenant is asked to leave. Moving out of your home is a big deal, especially when you don't want to and the rental market as it exists is pretty rough, and when faced with that, it's not exactly irrational to decide you're going to use existing legal protections to at least slow the process down. I don't think there's anything you can do about it either in terms of being a good landlord. Once you're asking someone to leave, while that's part of the job and completely within your rights to do, it's almost always going to conflict with the interests of the tenant themselves, and therefore can easily lead to disputes.

What if they don't plan to leave though? Presumably if they don't, you'd have to evict them at some point in order to make room. As long as you give the required notice you aren't dishonouring your agreement.

Thanks for that.

Yeah I looked into that idea but you can only avail of the rent a room allowance on your primary residence. I’m sure there’s probably some kind of way to get around it, but really I couldn’t be bothered.

When I get out, I want nothing to do with renting property again.

I’ll be happy to just stick to my regular business where laws don’t change like the weather.

And every politician and so called “activist” aren’t out to try to strip you of your rights to your own assets.

every which way they can.

Quick technical question, previously if I didn't increase rent for a period and the tenant moved out there was a formula you could apply to figure out what you could increase the rent by, is there still a formula, or is it if I don't increase rent every year that's it for ever more regardless of tenant turnover?

From my own personal experience, we first started tp rent out the house in 2019, and there was queues around the block and people lined up to pay 2.5K a month but asking dodgy questions like "can I get a bed into the front room". I had imagines of being a slum landlord with 6 people living in an 85m square 3 bed terrace, so I said feck that and feck the letting agent who was pushing it. We got a new agent and settled on 2100 rent for 3 people and we had our pick of quality tenants to select from.

Fast forward, tenants give notice as due to Covid they want to move back down the country etc etc. I'd given them a one off 600 euro Covid - the world is fucked - discount at the end as well. I couldn't get tenants this time last year. I had the property advertised for most of November and December but nothing. One couple turned up who where renting around the corner and said they might take it if the rent was lowers and I replaced the kitchen and bathroom (so sunk 12k+ into it) so they where just chancers. I eventually got it rented out in the new year after dropping rents 10%. So like, where's the recognition that the Market is up and down? When demand falls then its all about "Free Market economics" and "that's the risk you take as a landlord" but when rent increases intervention is appropriate.

TBF, you're running a business and you're unaware of some of the basic regulations pertaining to that business which have been around for several years (i.e. rent reviews), it's not that difficulto to stay informed