RPZ Rent Increase Formula:
From: | To: |
Rent Pressure Zones (RPZs) are areas in Ireland where rents are high and rising quickly. In these zones, rent increases are capped at either 2% or the rate of inflation (HICP), whichever is lower, to protect tenants from excessive rent hikes.
The calculator uses the RPZ formula:
Where:
Explanation: The calculation ensures the rent increase doesn't exceed either 2% or the HICP rate, whichever is lower.
Details: Accurate RPZ calculations are crucial for landlords and tenants to ensure compliance with Irish rental laws and to prevent illegal rent increases in designated areas.
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.
Q1: What areas in Ireland are RPZs?
A: RPZs cover most urban areas including Dublin, Cork, Galway, Limerick, and other areas with high rental demand.
Q2: How often can rent be increased in an RPZ?
A: Rent can only be increased once every 12 months in an RPZ.
Q3: Where can I find the current HICP rate?
A: The HICP rate is published monthly by the Central Statistics Office (CSO) Ireland.
Q4: Are there exceptions to the RPZ rules?
A: Newly rented properties (first tenancy) and substantially refurbished properties may be exempt for a period.
Q5: What if my landlord increases rent above the RPZ limit?
A: Tenants can dispute illegal rent increases with the Residential Tenancies Board (RTB).