Well, the legislation won’t apply retrospectively so you should be fine.Will I get this increase or will the incoming legislation apply?
We don't have legislation to prevent homeowners from selling their home at the market value; so why is it ok for rents?
Because it's reasonable to have some kind of certainty as part of a contract. If market rents explode it's fair to give sitting tenants some kind of short-term protection as they may not have the income to pay more.so why is it ok for rents?
Don't have a problem with that; and again to draw a correlation with a home owner, they have the ability to fix their mortgage rate to get that certainty.Because it's reasonable to have some kind of certainty as part of a contract.
for what it's worth in Sweden (and there are many things we should import from there re home purchasing and selling, but I digress); if you don't use the profit from selling your PPR towards a new PPR in Sweden or the EU you have to pay tax on it.Thirsty
Don't be giving them ideas!
Brendan
Why would it trickle down? If anything, rent controls of this nature are likely to have the opposite effect.But in theory should this not trickle down, ie market rents will fall so that there won't be huge variances in rents apart from variances related to the rental product offered?
"That pub is too crowded. No one goes there anymore."The current rents are not sustainable. This is not good for anyone. If we price out the lower paid out of living in cities then cities will not be nice places to live.
Interesting question.I have a property that is vacant. Under current RPZ rules I can put the rent up to a certain level for the new tenants. What happens if I get the new tenant after the new rules come into force? Is the calculation based entirely on the new rules or a combination of both new and old rules?
This exists already to some extent. You sometimes see properties advertised for odd amounts like €1,768.Mind you, it gets very messy if you advertised the property at a rent calculated under the current rules.
Sure but what happens if the property is advertised at €1,768 (the maximum rent that can be charged under current rules) but the maximum amount that can be charged is (say) €1,738 when calculated under the new rules?This exists already to some extent. You sometimes see properties advertised for odd amounts like €1,768.
This exists already to some extent. You sometimes see properties advertised for odd amounts like €1,768.
It makes more sense when you realise it's €1,700 plus 4%.
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