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Rtb Rent Increase Calculator Ireland

Rent Pressure Zone (RPZ) Formula:

\[ \text{New Rent} = \text{Current Rent} \times (1 + \min(0.02, \text{HICP Rate})) \]

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1. What is the RTB Rent Increase Calculator?

The RTB Rent Increase Calculator determines the maximum allowable rent increase in Rent Pressure Zones (RPZs) in Ireland according to Residential Tenancies Board (RTB) rules. It calculates based on the Harmonised Index of Consumer Prices (HICP) rate, capped at 2% per year.

2. How Does the Calculator Work?

The calculator uses the RPZ formula:

\[ \text{New Rent} = \text{Current Rent} \times (1 + \min(0.02, \text{HICP Rate})) \]

Where:

Explanation: The calculation ensures rent increases in RPZs don't exceed the HICP rate or 2%, whichever is lower.

3. Importance of Rent Pressure Zone Rules

Details: RPZ rules protect tenants from excessive rent increases in areas with high housing demand. Landlords must comply with these calculations when increasing rent in designated zones.

4. Using the Calculator

Tips: Enter current rent in euros and the annual HICP rate as a percentage. The calculator will show the maximum allowable new rent under RPZ rules.

5. Frequently Asked Questions (FAQ)

Q1: What is a Rent Pressure Zone?
A: RPZs are areas where rents can't increase by more than HICP or 2% annually, whichever is lower, as designated by the RTB.

Q2: How often can rent be increased in an RPZ?
A: Rent can only be increased once every 12 months in an RPZ, and must comply with the RPZ formula.

Q3: Where can I find the current HICP rate?
A: The Central Statistics Office (CSO) publishes HICP rates. The RTB website also provides relevant rate information.

Q4: Are all rental properties subject to RPZ rules?
A: No, only properties in designated RPZs. Some exemptions apply (e.g., new rentals within first 2 years).

Q5: What if a landlord exceeds the RPZ limit?
A: Tenants can dispute excessive increases with the RTB, which may order refunds of overpaid rent.

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