RPZ Rent Increase Formula:
From: | To: |
The Rent Pressure Zone (RPZ) calculation determines the maximum allowable rent increase in designated areas of Ireland. The increase is capped at 2% or the Harmonised Index of Consumer Prices (HICP) rate, whichever is lower.
The calculator uses the RPZ formula:
Where:
Explanation: The calculation ensures landlords in Rent Pressure Zones cannot increase rents by more than 2% per year or the HICP rate, whichever is lower.
Details: RPZ rules were introduced to stabilize rental prices in high-demand areas. Understanding the allowable increase helps both tenants and landlords comply with regulations and plan finances.
Tips: Enter the current rent in euros and the HICP increase rate as a percentage (e.g., 1.5 for 1.5%). The calculator will show the maximum allowable increase and the new rent amount.
Q1: What areas are designated as Rent Pressure Zones?
A: RPZs are areas where rents are highest and rising, designated by the Residential Tenancies Board. Check their website for current zones.
Q2: How often can rent be increased in an RPZ?
A: Rent can only be increased once every 12 months in an RPZ, subject to the 2% cap.
Q3: Where can I find the current HICP rate?
A: The Central Statistics Office (CSO) publishes HICP figures monthly on their website.
Q4: Are there exemptions to the RPZ rules?
A: Exemptions may apply to new dwellings (first rented after the RPZ designation) and certain substantial renovations.
Q5: What if my landlord tries to increase rent above this amount?
A: Tenants can dispute unlawful increases with the Residential Tenancies Board (RTB).