Can I raise rent to market rates following energy upgrades?

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 39 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 98%

Property-Clinic News

Renting,Landlord,Rent-Pressure-Zones

I rent out a property for €1,400 a month. The open-market rent would be about €2,300

'I am in the process of upgrading with renewables so the new Ber rating will be seven points higher.' Photograph: iStock. I have a good relationship with the tenants, and they are not planning to move in the foreseeable future.

I was considering leaving the rent at €1,400 until they move out and asking them to pay €150 month cash for the free electricity they will have. If I leave the rent at €1,400 while they remain, can I set it to market value in the future, when they eventually move, maybe in a few years’ time? In your case, I can see that you are looking to rely on the exception for the property whereby it has undergone a “substantial change in the nature of the accommodation”. Namely, in the case of a dwelling to which the European Union Regulations 2012 apply, the works result in the Ber being improved by at least seven building energy ratings.

Loneliness in your 40s: ‘As a parent, your friends are often other parents ... they’re not your tribe or people you’d choose’

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Irish art by Hughie O’Donoghue, Jack B Yeats, Paul Henry, William Orpen and Louis le Brocquy hits the marketDealers say demand for Irish art remains very strong, as about 300 works come on sale in September
Source: IrishTimes - 🏆 3. / 98 Read more »