1. What is the CPI Rent Review Calculator?

The CPI Rent Review Calculator helps landlords and tenants in Ireland calculate permissible rent increases based on the Consumer Price Index (CPI), subject to rent pressure zone caps (typically 2%).

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( CPI \) — Consumer Price Index (inflation rate percentage)
• \( Current Rent \) — Current monthly rent amount in EUR

Note: In Rent Pressure Zones (RPZs), the increase is capped at 2% per year unless the property is new to the rental market.

3. Importance of Rent Increase Calculation

Details: Accurate rent increase calculation is crucial for both landlords and tenants to ensure compliance with Irish rental laws and to maintain fair rental practices.

4. Using the Calculator

Tips: Enter the current CPI percentage and current monthly rent amount. The calculator will show both the calculated increase and the RPZ-capped increase (if applicable).

5. Frequently Asked Questions (FAQ)

Q1: What is a Rent Pressure Zone (RPZ)?
A: RPZs are areas in Ireland where rents can't rise by more than 2% per year (or the rate of inflation, if lower).

Q2: How often can rent be increased?
A: In RPZs, rent can only be reviewed once every 12 months.

Q3: Where can I find the current CPI rate?
A: The Central Statistics Office (CSO) publishes Ireland's CPI figures monthly on their website.

Q4: Are there exceptions to the 2% cap?
A: Yes, newly rented properties (first rental after construction or substantial refurbishment) are exempt for the first rent setting.

Q5: What if my property isn't in an RPZ?
A: Outside RPZs, rent increases must still be justifiable and not above market rates, but there's no specific percentage cap.