Lease was up in April. Received new lease today. 4% increase

When did you start renting and when was the last rent review?

Deleted User wrote: »

I wouldn't usually try to angle shoot like this but it's just the timing of it has annoyed me. He clearly done it himself by waiting until the end of this rent freeze.

Doubt you could do it.

COVID aside, your rent was due to go up. You've had a break for the last few months and now it's hit you.

Maybe you should have pushed to get the lease signed back in April, but what can ya do. He's entitled to increase the rent yearly. Its been over a year.

He's can actually raise the rent higher than 4% as it's been longer than the 12 months since last review.

All notices of rent review that notify a rent increase, which were served before the emergency period and were due to start during this period, cannot take effect until the emergency period ends; the tenant is not required to pay the increased amount of rent during the emergency period and no backdating of rent may apply.

Rent review notices can be served as usual during the emergency period, but they cannot take effect until after the emergency period is over. This should be stated in any rent review notice and no backdating of rent may apply.

Even if the LL had issued a new contract back in April the rent review could still have happened it just wouldn't have started until now.

The fact he's not increasing over the 4% as he's allowed since it's over the 12 months, that by issue a review now you've that additional notice period, and the fact that since the next rent review is delayed now by the ~4 odd months you're actually better off than if he had done it back in April.

theteal wrote: »

Rents are falling or so I'm led to believe. Any evidence of similar properties with lower prices around? If so use that as your bargaining chip.

It's been a year, LL is entitled to review rent. Max allowed increase in RPZ is 4%. Your LL is just trying to charge the max he/she can before the ar$e really falls out.

Options:
1) Pay it
2) Negotiate
3) Move

Rents are not falling.,

LuasSimon wrote: »

Might be for you but not for thousands of other people who can’t afford rent increases due to flat wages , many people have little or no disposable income as it stands ... the working poor a growing percentage of the Irish population

Then a thread about that is where the post should be. Not in a thread where a legal increase is requested. Do you start protesting about world hunger when asked to pay a bill in a restaurant?

No one likes a rent increase, but the LL has been fair have they not?
I think you need to suck this one up. (or move, but I'm guessing thats not what you want)

Smouse156 wrote: »

That’s Dublin:

https://bl.ocks.org/pinsterdev/raw/234b4a5310a14a32e080/?s=volume

Low to high nearly 300% increase since Jan, although pulled back a little in August. Picture & trend is pretty clear. Even the EA’s wouldn’t argue against rent drops

https://www.owenreilly.ie/wp-content/uploads/2020/07/Owen-Reilly-Dublin-Residential-Q2-Report-2020.pdf

Look at the page on rentals!

OP, unless you are renting at a well under market rate I’d negotiate/leave. However if you are just pay the 4%

If not willing to pay a legally entitled increase - expect an evicition notice. But your stats are very interesting, however, with everything average and median aren't catch alls and everything is on a case by case.

I don't see that there is a 300% supply increase. That would mean that lets say there was 1000 houses available in 2019 there are 3000 now.

Deleted User wrote: »

I'm trying to understand rolling contracts. I'm specifically asking if he's able to increase at this exact juncture. Our lease continued when it was supposed to be renewed. I'm wondering do the terms of the previous lease carry over e.g. I have a year at x price.

I'm just a bit miffed as I pushed to have it signed in April (as we do every year) but he said it wasn't possible due to restrictions. Fair enough. It was peak lockdown. I asked again soon after and got same response. The timing for his availability to sign the lease now is irritatingly convenient for him.

Even if you signed the contract he can increase rent as far as I know; same way you could negotiate a rent decrease if external factors suggested this was possible

joeguevara wrote: »

If not willing to pay a legally entitled increase - expect an evicition notice. But your stats are very interesting, however, with everything average and median aren't catch alls and everything is on a case by case.

I don't see that there is a 300% supply increase. That would mean that lets say there was 1000 houses available in 2019 there are 3000 now.

There was over a 250% increase according to the graph at one point. Circa 1100 units available in Jan and close to 3000 end of July. Also in Owen Reilly’s report he claims 7% of his managed tenancies ended prematurely! That’s pretty significant And basically implies they walked out the door and defaulted on their obligations. While he does only have a small section of the market he does have the upper end so it’s likely reminiscent of the whole.

Basically they’re falling and likely will fall hard if the colleges don’t go back/second wave etc but the only question is by how much.

Smouse156 wrote: »

There was over a 250% increase according to the graph at one point. Circa 1100 units available in Jan and close to 3000 end of July. Also in Owen Reilly’s report he claims 7% of his managed tenancies ended prematurely! That’s pretty significant And basically implies they walked out the door and defaulted on their obligations. While he does only have a small section of the market he does have the upper end so it’s likely reminiscent of the whole.

Basically they’re falling and likely will fall hard if the colleges don’t go back/second wave etc but the only question is by how much.

The total number of people in Ireland probably has increased or decreased massively due to COVID.

Non irish residents may have gone home to other countries (students, workers etc)

Before COVID there was a supply shortage. Air BNB has gone to rental now, but some of this will go back to Air BNB in the medium term.

Construction has slowed due to COVID. Shared rooms etc in student accommodation will no longer be shared - even if its not students occupying said rooms. Each student will need his/her own room and maybe bathroom
Similarly irish nationals returned (healthcare, students etc). The cost of providing this accommodation will increase and this will be passed on to the renter.

Regarding non student accommodation people will want larger spaces to have an office etc. May not want to rent a room out for example. This could reduce shared supply.

Also according to daft rental supply was up 63% rather than 250% year on year