1. What is Rent Review in Ireland's RPZ?

The Rent Pressure Zone (RPZ) system in Ireland limits rent increases to the lower of 2% or the Harmonised Index of Consumer Prices (HICP) rate. This calculator helps landlords and tenants determine the maximum allowable rent increase under RPZ rules.

2. How Does the Calculator Work?

The calculator uses the RPZ formula:

Where:

• Current Rent — The existing rent amount in euros
• HICP Increase Rate — The annual percentage increase in the Harmonised Index of Consumer Prices
• 2% — The maximum allowable rent increase under RPZ rules

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 compliance with Irish rental laws, preventing disputes between landlords and tenants, and ensuring fair pricing in Rent Pressure Zones.

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: What is an RPZ?
A: Rent Pressure Zones are designated areas in Ireland where rent increases are capped to moderate housing costs.

Q2: Where can I find the current HICP rate?
A: The HICP rate is published by the Central Statistics Office (CSO) Ireland, typically available on their official website.

Q3: How often can rent be reviewed in an RPZ?
A: Rent can generally be reviewed annually in RPZs, with increases subject to the 2% or HICP cap.

Q4: Are there exceptions to the RPZ rules?
A: Some exemptions exist for new rentals (first rent setting) and substantially renovated properties. Always consult current regulations.

Q5: What if my property is not in an RPZ?
A: Different rules apply outside RPZs. This calculator is specifically for properties within designated Rent Pressure Zones.