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Allowable Rent Increase Ireland

Rent Increase Formula:

\[ \text{New Rent} = \text{Old Rent} \times (1 + \frac{\text{Rate}}{100}) \]

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1. What is the Rent Increase Calculator?

This calculator determines the new rent amount after applying the allowable percentage increase in Ireland. The maximum allowable increase depends on whether the property is in a Rent Pressure Zone (RPZ) and other factors.

2. How Does the Calculator Work?

The calculator uses the simple formula:

\[ \text{New Rent} = \text{Old Rent} \times (1 + \frac{\text{Rate}}{100}) \]

Where:

Explanation: The calculation shows what the new rent would be after applying the specified percentage increase to the old rent amount.

3. Rent Pressure Zone Rules

Details: In Rent Pressure Zones (RPZs), rent increases are capped at 2% per year. Outside RPZs, the cap is 4% until 2024. Landlords can only review rent every 12 months.

4. Using the Calculator

Tips: Enter your current rent amount and the applicable percentage increase rate. The calculator will show the new maximum allowable rent amount.

5. Frequently Asked Questions (FAQ)

Q1: What is a Rent Pressure Zone?
A: RPZs are areas where rents are highest and rising fastest. Special rules apply to limit rent increases in these areas.

Q2: How often can rent be increased?
A: Rent can only be increased once every 12 months, regardless of whether the property is in an RPZ.

Q3: Are there exceptions to the rent increase caps?
A: Yes, for substantially refurbished properties or new tenancies in properties not rented in the previous 2 years.

Q4: How do I know if my property is in an RPZ?
A: Check the Residential Tenancies Board website or your local authority for the official RPZ list.

Q5: What if my landlord increases rent more than allowed?
A: You can dispute the increase with the Residential Tenancies Board within 28 days of receiving the notice.

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