Dublin let apartment for just 90 days to avoid the rpz

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moneymakeover

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I'm up against the rpz limit causing my rental income to be restricted by the RPZ limit

Possibilities:
Leave vacant for 2 years
Corporate letting
Rent out for 90 days

Is there any agent doing 2 or 3?

Is an option?

90 days of demand weekends could generate 90x300? 27k

After 2 years the rent would be open market?

What people think?
 
moneymakeover said:
I'm up against the rpz limit causing my rental income to be restricted by the RPZ limit

Possibilities:
Leave vacant for 2 years
Corporate letting
Rent out for 90 days

Is there any agent doing 2 or 3?

Is an option?

90 days of demand weekends could generate 90x300? 27k

After 2 years the rent would be open market?

What people think?
Click to expand...
Leavng vacant > 30 consecutive days may invalidate your insurance policy
Corporate lettings are subject to RPZ rules I'm afraid.
Renting out for 90 days will still be subject to RPZ rules if its a tenancy style agreement
 
What level is refurb is needed?

And in the rtb website there is an option
"Exceed rpz?"

Let's say person increased the value sufficiently, do you click yes?

Or how does that work?
 
Your questions are unclear.

The RTB site has detail on what is expected; its related to the configuration / square footage / BER. Not the market value.

How long have you been a property owner?
 
A solution is to find a trusted friend or family member to act as caretaker for two years.

For example they pay all bills in return for minding the property. They are legally your licensee and you would have free access to the property. No RTB registration needed.

In 24 months you are free to return to market rent.
 
Bluecup said:
I didn't think they were. Has this been clarified by RTB, Dept of Housing or anyone?
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We have been renting to corporates i.e. large US multinational, and both the property management company we use and our accountant confirmed that any tenancy agreement, regardless of type of tenant is subject to RPZ rules. I wish that wasn't the case but.... that's the advice we've received.
 
Leo said:
Impossible to meet the criteria in most Dublin apartments.
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It very much depends on the property; but I do know of some property owners who have reconfigured apartments. Non-purpose built is easier.

I'd be in the 'leave it untenanted' camp myself; there's no subjectivity involved.
 
Dummy101 said:
We have been renting to corporates i.e. large US multinational, and both the property management company we use and our accountant confirmed that any tenancy agreement, regardless of type of tenant is subject to RPZ rules. I wish that wasn't the case but.... that's the advice we've received.
Click to expand...
I am not saying your property management company or accountant are wrong about this but it is the easy thing for them to say, no danger to them there.

When you say that's the advice you have received, did they put it to you in writing that Corporate Letting is not exempt from RPZ rules, or did they just suck in their upper lip and say, 'I don't think that would work'.

I would ask what is the legal basis for the advice. Then you will know if it is soundly based or just an excess of caution.
 
Could you live in the apartment part-time and rent out a room to a licensee for two years, before putting it back on the rental market? Would hopefully cover your expenses and give you some income over that period.
 
moneymakeover said:
What about say management fees
I pay those monthly for upkeep and bin charges.


Can I decide to put those into the tenant?
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I would say it's reasonable to expect a caretaker to pay all utilities and management fees as well as to carry out minor repairs.

This kind of arrangement is extremely common. Census 2022 showed that over 30,000 households occupy the dwelling rent free.
 
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