More Legislation Passed For Landlords
The Residential Tenancies (Amendment) (No 2) Bill 2018 was passed in the Seanad on Tuesday night.
The new definition for substantial refurbishment will make it difficult if not impossible to change the rent after a substantial refurbishment.
There is also no stop on the penalties that will be introduced for late registration when annual registration is introduced.
The Bill is expected to be signed by the President by the end of this week.
Not all of the legislation will be commenced immediately but the expectation is the following will be commenced early June:-
Increased timelines for termination
Changes to the conditions for offering back tenancies
Changes to the RPZ criteria which are expected to bring most of the country into Rent Pressure Zones
RPZ’s to be extended in Dublin and Cork until 2021
RTB to have investigation powers and the power to sanction.
Annual registration is not expected to be commenced until early next year.
This legislation also includes restriction on short-term letting which is expected to be commenced on the 1st July 2019.