Rent Increase Formula:
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The RTB (Residential Tenancies Board) Rent Increase Calculator helps landlords and tenants calculate permitted rent increases according to Irish rental regulations, particularly in Rent Pressure Zones (RPZs) where increases are capped at 2% annually.
The calculator uses the standard rent increase formula:
Where:
Explanation: The calculation shows the new rent amount after applying the percentage increase to the original rent.
Details: Proper rent increase calculations ensure compliance with Irish rental laws, particularly in Rent Pressure Zones where strict limits apply to protect tenants from excessive rent hikes.
Tips: Enter the current rent amount in EUR and the proposed increase percentage (maximum 2% in RPZs). The calculator will show the new rent amount.
Q1: What is a Rent Pressure Zone (RPZ)?
A: RPZs are areas in Ireland where rents can't increase by more than 2% per year, designated by the Housing Agency.
Q2: How often can rent be increased?
A: In RPZs, rent can only be increased once every 12 months, and by no more than 2%.
Q3: Are there exceptions to the 2% rule?
A: Yes, if a property has been substantially renovated or wasn't let in the previous 2 years, different rules may apply.
Q4: What about areas not in RPZs?
A: Outside RPZs, rent increases must still be justifiable and not above local market rates.
Q5: Where can I check if my property is in an RPZ?
A: Check the RTB website or use their RPZ checker tool to confirm your property's status.