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Rent Review Ireland

Rent Increase Formula:

\[ \text{Rent Increase} = \min(\text{CPI} \times \text{Current Rent}, 0.02 \times \text{Current Rent}) \]

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1. What is Rent Review in Ireland?

Rent review in Ireland determines how much a landlord can increase rent. In Rent Pressure Zones (RPZs), increases are capped at 2% or the rate of inflation (CPI), whichever is lower. Outside RPZs, increases are based on market rates.

2. How Does the Calculator Work?

The calculator uses the formula:

\[ \text{Rent Increase} = \min(\text{CPI} \times \text{Current Rent}, 0.02 \times \text{Current Rent}) \]

Where:

Explanation: The calculator first calculates the CPI-based increase, then applies the 2% cap if the property is in an RPZ.

3. Understanding Rent Pressure Zones

Details: RPZs are areas where rents are highest and rising fastest. As of 2023, most urban areas in Ireland are designated as RPZs. The 2% cap applies to these zones.

4. Using the Calculator

Tips: Enter the current CPI percentage (available from CSO Ireland), your current rent amount, and specify whether the property is in an RPZ. The calculator will show the permitted increase.

5. Frequently Asked Questions (FAQ)

Q1: How often can rent be reviewed?
A: In RPZs, rent can only be increased once every 12 months. Outside RPZs, frequency depends on the lease terms.

Q2: Where can I check if my area is an RPZ?
A: The Residential Tenancies Board (RTB) website has an RPZ checker tool.

Q3: Are there exceptions to the 2% cap?
A: Yes, if a property hasn't been rented in the previous 2 years or has undergone substantial refurbishment.

Q4: How is CPI determined for rent reviews?
A: The CPI percentage is the annual change in the Harmonised Index of Consumer Prices (HICP) published by CSO Ireland.

Q5: What if my landlord increases rent by more than allowed?
A: You can dispute the increase with the Residential Tenancies Board (RTB).

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