1. What is the Rent Pressure Zone Calculator?

The Rent Pressure Zone Calculator helps determine the maximum allowable rent increase in Ireland's Rent Pressure Zones (RPZs). The calculation is based on the Harmonised Index of Consumer Prices (HICP) rate, capped at 2% per annum.

2. How Does the Calculator Work?

The calculator uses the RPZ formula:

Where:

• Current Rent — The existing rent amount in euros
• HICP Rate — The annual percentage change in the Harmonised Index of Consumer Prices
• 0.02 — The 2% cap on annual rent increases in RPZs

Explanation: The calculation ensures rent increases don't exceed 2% per year or the HICP rate, whichever is lower.

3. Importance of Rent Increase Calculation

Details: Accurate rent increase calculation is crucial for both landlords and tenants in Rent Pressure Zones to ensure compliance with Irish rental laws and avoid disputes.

4. Using the Calculator

Tips: Enter current rent in euros and the HICP rate as a percentage (e.g., 1.5 for 1.5%). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What are Rent Pressure Zones?
A: RPZs are areas in Ireland where rents can't rise by more than 2% per year or the HICP rate, whichever is lower.

Q2: How often can rent be increased in RPZs?
A: Rent can only be increased once every 12 months in Rent Pressure Zones.

Q3: Where can I find the current HICP rate?
A: The HICP rate is published by the Central Statistics Office (CSO) Ireland.

Q4: Does this apply to all rental properties?
A: No, only properties in designated Rent Pressure Zones and not exempt for other reasons.

Q5: What if my property is newly rented?
A: The RPZ rules don't apply to the first rent set for a new tenancy in a property.