In the case of a new tenancy in a Rent Pressure Zone, unless the property is exempt from the RPZ rental restrictions a landlord is required to furnish the tenant, in writing, with the following information at the commencement of the tenancy:
- The amount of rent that was last set under a tenancy for the dwelling,
- The date the rent was last set under a tenancy for the dwelling, and
- A statement as to how the rent set under the tenancy of the dwelling has been calculated having regard to the Rent Pressure Zone formula.
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When a tenancy ends within a Rent Pressure Zone and new tenants move in to the rented dwelling, landlords must adhere to the RPZ formula and cannot set the rent for the new incoming tenants to market levels.