Are you sure about that? Seeing that the tenants' details (including PPSNs) must be registered I would have assumed that a new tenant replacing an old one would require the tenancy details to be changed and, perhaps, the modified tenancy to be (re)registered? See [broken link removed] on the PRTB website for more on this.cathybun said:It seems stupid to me that if there are three people living in a house and a new person moves in, you can change the tenancy without charge.
I don't understand. What is the rip-off here?
ClubMan said:Isn't the PRTB registration fee an expense that can be set against rental income in order to reduce the tax due? The registration fee is not "for nothing" as it goes towards funding the operation of the PRTB which providers services to landlords and tenants. Landlords always have the option of increasing the rent to cover this cost of doing business.
Then perhaps a suitable business strategy to avoid this is to look for longer term tenants/tenancies? Running a business involves keeping control of costs so if you are churning through tenants at such a rate then perhaps remedial action is required?cathybun said:I would agree that €70 will not break the bank, but if you're unfortunate enough for your tenants to change three or four times in a year or two, this €280 just simply isn't fair.
If your investment is so onerous and the costs so high then why not liquidate it in order to invest in something with a better return and lower costs?It's just another thing to discourage people to invest further in this country.
If a landlord is not making a profit then presumably the venture into residential property investment is not viable so it may be time to cut the losses
do you believe that this should be a free service?
No it's not out of your control - you just hold out for tenants who want a long term deal if that's what suits you and your business cost base better.cathybun said:Tenancies are getting shorter each year, as banks are more willing to lend out larger amounts of money for mortgages, so it's out of my control if a tenant says they want to take the house for two years, then leave within six months.
Is there any campaign on behalf of landlords to repeal the PRTB? I haven't heard of any. I have only heard your complaints about it. Perhaps you should start such a campaign if you feel so strongly about this being an injustice to landlords in general?Anyway, that hasn't happened me that much, I've been mostly lucky. But you seem to be missing my point. The fact is that this is an unfair and stupid rule of the PRTB to every landlord, not just moany old me!
What about the ability of landlords to write off 100% of mortgage interest (and other allowable expenses) against rental income while owner occupiers only receive capped mortgage interest tax relief for example? If, as seems to be the case, you don't believe that it's worth investing in residential property due to state interference then why not move your investments elsewhere where the market is arguably less regulated? You could always invest in residential property in a country/economy that has less regulation of this market and less statutory protection of landlords and tenants in the form of bodies such as the PRTB. Or another asset class altogether if property is not really your bag?I'm not saying that my investment is onerous or that the costs are excessive, but my point there was that the rental market was so bad for tenants five years ago, that they were forced into taking sub-standard accomodation. If the government wants to avoid this happening again, they should be encouraging landlords, not unfairly penalising them.
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