Rent Pressure Zone (RPZ) Formula:
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The Rent Pressure Zone (RPZ) rules in Ireland limit how much landlords can increase rent in designated areas. The maximum increase is the lower of 2% or the rate of Harmonised Index of Consumer Prices (HICP) inflation.
The calculator uses the RPZ formula:
Where:
Explanation: The formula ensures rent increases don't exceed either 2% or the HICP inflation rate, whichever is lower.
Details: Accurate calculation helps both landlords and tenants understand their rights and obligations under Irish rental law, preventing illegal rent increases in Rent Pressure Zones.
Tips: Enter current rent in euros and the annual HICP inflation rate as a percentage. The calculator will show the maximum allowable increase and the new maximum rent amount.
Q1: What areas are Rent Pressure Zones?
A: RPZs are designated areas where rents are highest and rising. Check the Residential Tenancies Board website for current RPZs.
Q2: How often can rent be increased?
A: In RPZs, rent can only be increased once every 12 months.
Q3: Where can I find the HICP rate?
A: The Central Statistics Office (CSO) publishes HICP figures for Ireland monthly.
Q4: Are there exceptions to the RPZ rules?
A: Exceptions may apply for substantially renovated properties or new tenancies in previously unused properties.
Q5: What if my landlord exceeds the maximum increase?
A: You can dispute the increase with the Residential Tenancies Board (RTB).