The government introduced the concept of Rent Pressure Zones at the end of 2016 – (24th Dec) covering Dublin and Cork City. These zones have been expanded a few times since – with the latest additions made on July 2nd . For an area to be designated a Rent Pressure Zone, the following measures used […]
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Renting
Tenancy Deposit Protection Scheme
For tenancies that began in Ireland on or after 9 August 2021, a landlord cannot seek an upfront payment (including a deposit) for a property that is more than the equivalent of 2 months’ rent for that property (i.e. any deposit cannot exceed 1 month’s rent and any advance rent payment (whether in respect of […]
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Rent Allowance Increase July 2016
Rent Allowance Increase : Rent Allowance – (also Known as Rent Supplement) is paid in Ireland to people living in private rented accommodation who cannot provide for the cost of their accommodation from their own resources. There are currently approximately 55,000 tenants getting rent allowance – which costs the state over €267 million a year. […]
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New Restrictions on Rent Increases
Last week (Dec 4th) – some new legislation came into force in Ireland which will affect people in rented property and their landlords. The main changes are summarised below: (From The Residential Tenancies (Amendment) (No. 2) Bill 2012) a) The duration allowed between rent reviews has been extended from 12 months to 24 months. This […]
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Is now a Good Time to Buy a House ?
Everyone needs somewhere to live – people leave home, get married , split up, have bigger families and they need somewhere to live . If you need a home – then now is not a bad time to buy. For first time buyers – the falls in Irish house prices over the last few years […]
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