1. What is the RPZ Rent Review?

The RPZ (Rent Pressure Zone) Rent Review calculates the maximum allowable rent increase in designated areas of Ireland. The increase is capped at 2% or the Harmonised Index of Consumer Prices (HICP) rate, whichever is lower.

2. How Does the Calculator Work?

The calculator uses the RPZ formula:

Where:

• \( \text{Current Rent} \) — The existing rent amount in euros
• \( \text{HICP Increase Rate} \) — The percentage increase in the Harmonised Index of Consumer Prices
• \( 0.02 \) — The 2% maximum annual rent increase cap in RPZs

Explanation: The calculation ensures the rent increase doesn't exceed either 2% or the HICP rate, whichever is lower, providing protection for tenants in Rent Pressure Zones.

3. Importance of RPZ Rent Review

Details: Accurate rent review calculations are crucial for landlords and tenants in Rent Pressure Zones to ensure compliance with Irish rental laws and prevent unlawful rent increases.

4. Using the Calculator

Tips: Enter current rent in euros and the HICP increase rate as a percentage (e.g., enter 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 reviewed in an RPZ?
A: Rent can only be reviewed once every 12 months in an RPZ.

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 certain tenancy types.

Q5: What if the HICP rate is negative?
A: The minimum increase is 0%, meaning rent cannot be decreased using this formula.