26 August 2020 (assuming the moratorium on rent increases isn't extended for a second time beyond 20 July).When is the earliest I can give them notice of increase please?
Ah, in that case you can issue a notice on 21 July (assuming the moratorium on rent increases isn't further extended).I actually gave them notice of the last increase on 13th June 2019 after our conversation above
By law, the notice period starts the day after the tenant receives the notice. So, if the tenant receives the notice on 21 July,, the notice period is counted from 22 July. It is a good idea to give a couple of extra days’ notice to make sure the legal minimum notice period is covered.So on 21st July I serve them the written notice of the rent increase, and 90 days later on 19th October this increase can kick in.
Once a tenancy goes beyond six months, there's really no great advantage (IMO) in having a written lease agreement in place.so do I do a new contract on 26th Aug for 1 year, stating that the rent will stay the same from 26th Aug-18th October, and then the increase will kick in for the rest of the contract from 19th October?
Unlikely scenario - if rent is say 1k per month, increase of 4% brings it to 1040. Few people will accept the hassle of moving for the sake of €40 a month.How are rents in your locality for similar properties? You may get a surprise with them deciding to leave for another cheaper property. Is the 4% rise worth it?
I see a further extension to the emergency period is under consideration -
Govt may extend rent freeze
The Government will consider extending a rent freeze and moratorium on evictions which was introduced as an emergency measure at the start of the Covid 19 crisis.www.rte.ie
Would be a daft policy. CSO showing rents falling for several months now.
Would be a daft policy. CSO showing rents falling for several months now.
Mass unemployment = more vacancies.
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