Arnie Hammer
Registered User
- Messages
- 42
I have tenants in my apartment for a little over a year at €2,000 pcm. Rents in the area were hit by Covid in 2020 but properties are like hen's teeth now and I would get €2,300 now without difficulty.
The RTB rent calculator is saying I can up the rent by 2.5% or €50. I don't want to do so as they are good tenants. On the other hand it's an RPZ so if I don't increase I'll be stuck at a lower rent for the next tenant or if I want to sell up down the road. The complex is mainly rented and most properties that change hands seem to be to other landlords.
So I was wondering about the following. I notify the tenant of an increase in rent of 2.5% using the RTB template. At the same time I tell them that the increase would be offset by a "discount" of the same amount. They would pay me rent of €2,050 per month and I would make a transfer of €50 back to them separately.
The rent review would be in writing, discussions about "discount" would be in person and I would reserve the right to withhold it at any point.
Is this reasonable? Legal? Are there tax implications? I have a management agent in place whose advice I'd need to seek as well.
The RTB rent calculator is saying I can up the rent by 2.5% or €50. I don't want to do so as they are good tenants. On the other hand it's an RPZ so if I don't increase I'll be stuck at a lower rent for the next tenant or if I want to sell up down the road. The complex is mainly rented and most properties that change hands seem to be to other landlords.
So I was wondering about the following. I notify the tenant of an increase in rent of 2.5% using the RTB template. At the same time I tell them that the increase would be offset by a "discount" of the same amount. They would pay me rent of €2,050 per month and I would make a transfer of €50 back to them separately.
The rent review would be in writing, discussions about "discount" would be in person and I would reserve the right to withhold it at any point.
Is this reasonable? Legal? Are there tax implications? I have a management agent in place whose advice I'd need to seek as well.