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Increasing Rent

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Comments

  • #52
    Anthonylfc
    Banned (with Prison Access) Posts: 282 ✭✭Anthonylfc


    LuckyLloyd wrote: »
    Well all the information was posted here. One more time:

    http://www.citizensinformation.ie/en/housing/renting_a_home/

    I'd like to think that if LL and tenant have shook hands on a new deal and are both happy with it that would be that.

    exactly

    he knows full well if he went elsewhere he would be out of pocket by alot more

    he actually sighed in relief as he thought i was gonna ask full market value etc

    he's completely cool and first payment in feb


  • #53
    Subutai
    Registered Users, Registered Users 2 Posts: 293 ✭✭Subutai


    Anthonylfc wrote: »
    exactly

    he knows full well if he went elsewhere he would be out of pocket by alot more

    he actually sighed in relief as he thought i was gonna ask full market value etc

    he's completely cool and first payment in feb

    Or, and this is what any well advised tenant would do, he agrees the increase knowing that he can dispute it at his leisure later and have you pay the difference back.

    That way he avoids any potential of you deciding to do, as some have suggested, significant refurbishments in order to kick him out. If he has any sense he'll wait until he's into his next Part 4, raise a dispute looking for the difference back, and in doing so also insulate himself from any eviction threat via intention to sell or refurbish through the protections under s 14 of the Residential Tenancies Act 2004.

    All you're doing is holding some savings for him.


  • #54
    Anthonylfc
    Banned (with Prison Access) Posts: 282 ✭✭Anthonylfc


    Subutai wrote: »
    Or, and this is what any well advised tenant would do, he agrees the increase knowing that he can dispute it at his leisure later and have you pay the difference back.

    That way he avoids any potential of you deciding to do, as some have suggested, significant refurbishments in order to kick him out. If he has any sense he'll wait until he's into his next Part 4, raise a dispute looking for the difference back, and in doing so also insulate himself from any eviction threat via intention to sell or refurbish through the protections under s 14 of the Residential Tenancies Act 2004.

    All you're doing is holding some savings for him.

    not everybody is as negative as you

    cheer up


  • #55
    Fol20
    Registered Users, Registered Users 2 Posts: 3,625 ✭✭✭Fol20


    Anthonylfc wrote: »
    not everybody is as negative as you

    cheer up

    Well, if you want to be in the business for the long game and not get badly burned you need to think of every eventuality that can happen and everything he described is very possible. Its about mitigating risk, not creating it.


  • #56
    Subutai
    Registered Users, Registered Users 2 Posts: 293 ✭✭Subutai


    Anthonylfc wrote: »
    not everybody is as negative as you

    cheer up

    It's not about being negative or positive, it's about running a business in a way that won't leave you open to owing someone a lot of money in a year's time and being unable to evict following that.

    You shouldn't assume that just because you're ignorant of the rules governing your business that your tenant is too.


  • #57
    mrslancaster
    Registered Users, Registered Users 2 Posts: 1,872 ✭✭✭mrslancaster


    pc7 wrote: »
    anthonylfc be very careful, you have broken the rules in an RPZ in terms of rent increase, while the tenant is your 'friend' now and agreeing to it there is nothing to stop them taking a case against you down the line for this. In the eyes of the RTB you have left yourself open to hassle.

    does a dispute about a rent increase have to be made within 28 days?

    Do you mean the new rent can be paid for months and then be disputed?

    What's the 28 day period mentioned in the RTB rent increase template about??:confused:


  • #58
    tvjunki
    Registered Users, Registered Users 2 Posts: 608 ✭✭✭tvjunki


    mrslancaster wrote: »
    does a dispute about a rent increase have to be made within 28 days?

    Do you mean the new rent can be paid for months and then be disputed?

    What's the 28 day period mentioned in the RTB rent increase template about??:confused:

    At anytime a tenant can challenge the rent increase. When they have moved to another place they can contact rtb and say they did not understand their rights.

    Law implies Landlords know the law as they are in business and the tenant does not know their rights.


  • #59
    tvjunki
    Registered Users, Registered Users 2 Posts: 608 ✭✭✭tvjunki


    Fol20 wrote: »
    Well, if you want to be in the business for the long game and not get badly burned you need to think of every eventuality that can happen and everything he described is very possible. Its about mitigating risk, not creating it.

    Op You have to cover yourself as the tenant will get back the over payment in the future plus compensation when you decide to sell or your relationship with your tenant goes pearshaped. The tenant can go to rtb anytime. The law assumes you as a landlord know the law..you don't want to get badly stung in the future.


  • #60
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Mod Note

    Thread closed pending mod review.


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