Rent increases can only be linked to inflation from today. Image: Shutterstock/Ingus Kruklitis Rent increases can only be linked to inflation from today. Image: Shutterstock/Ingus Kruklitis FROM TODAY LANDLORDS can no longer apply a 4% rent hike and must instead link any rent increases on properties in Rent Pressure Zones to inflation.
The Residential Tenancies Bill 2021 was brought forward to the Dáil by the housing minister last month. A spokesperson for the minister said because Section 6 created a new offence it had to be lodged with the Supreme Court. “I have been inundated with calls and messages from such tenants desperate to know if such rent reviews are legally valid,” he added.
It has been confirmed that any any valid notice of rent review in a Rent Pressure Zone served prior to today can give effect to a rent increase of up to 4%.
If he signed it a week ago they’d still call it a disgrace. They’ve no concept of the administration required in change. Be worth remembering if they ever get a stint in government. Expect housing and insurance pricing fixed overnight ? 😒