Advertisement
Government Confirms New Rent R...

News

Government Confirms New Rent Restrictions

98FM
98FM

05:18 10 Nov 2015


Share this article


The Government has confirmed details of a plan which it's hoped will help people struggling to pay rent.

The measures mean landlords will only be able to raise rents once every two years, and will have to prove the increase is justified.

A deposit protection scheme is also being created, which will stop landlords holding onto money without good reason.

That will be managed by Revenue and Private Residential Tenancies Board, who will hold deposits during tenancy which can only be drawn down by mutual consent. 

For the renter - a freeze in increases, longer notification of rent hikes or tenancy termination and legal requirements for landlords to tell them their rights.

For landlords - measures to deal with rent arrears and tax incentives to rent to those on social housing supports.


Share this article


Read more about

News

You might like