1. What is the Rent Review Calculator?

The Rent Review Calculator calculates rent during review in Ireland's Rent Pressure Zones (RPZ) based on the lower of 2% or the Harmonised Index of Consumer Prices (HICP) increase rate.

2. How Does the Calculator Work?

The calculator uses the rent review formula:

Where:

• \( \text{Current Rent} \) — The existing rent amount in EUR
• \( \text{HICP Increase Rate} \) — The percentage increase in the HICP index
• \( 0.02 \) — The 2% maximum rent increase cap in RPZs

Explanation: The calculation ensures the rent increase doesn't exceed either 2% or the HICP rate, whichever is lower.

3. Importance of Rent Review Calculation

Details: Accurate rent review calculations are crucial for landlords and tenants in Rent Pressure Zones to comply with Irish rental law and ensure fair rent adjustments.

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

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

Q2: How often can rent be reviewed in RPZs?
A: Rent can only be reviewed once every 12 months in RPZs, regardless of what the lease agreement says.

Q3: Where can I find the HICP rate?
A: The HICP rate is published by the Central Statistics Office (CSO) Ireland, typically on a monthly basis.

Q4: Does this apply to all rental properties?
A: No, this calculation only applies to properties in designated Rent Pressure Zones. Other areas may have different rules.

Q5: What if my property is newly rented?
A: Newly rented properties (first rental after a period of no tenancy) are exempt from RPZ rules for the first rental period.