Changes to Residential Lettings Law

The government has indicated it will implement changes to take effect from 1^st March next although the necessary legislation has not yet been passed. 

The changes have mixed blessings for both landlords and tenants.  New tenancies created after 1^st March may be set at a market rent. So, landlords will not be bound by the previous rent limited to Rent Pressure Zone increases.  But…landlords will not be able to terminate these new tenancies if they intend to sell the property.  They will have to sell with a sitting tenant. 

The changes do not affect tenancies in place before 1^st March.  

There are different treatments for smaller and larger landlords and it will be necessary to examine the legislation once passed to advise fully on the implications. 

If you would like legal advice on this or any other legal matters please contact us here or email us here, info@mcgrathmullan.ie

More legal article on Property Law from McGrath Mullan.

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• Thinking of Selling your Property? These are the Documents you Need.
• Voluntary Transfer of Property or Land
• Affidavit of testamentary capacity
• Residential Zoned Land Tax (RZLT)
• Importance of carrying out a Planning Search before signing contracts for the purchase of a property
• Risks when buying property at auction
• First-Time Buyers: Financial Help, Legal Advice, and What to Expect