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Landlords Who Illegally Hike Rents Could Face Fines Of €30k

Landlords who illegally increase rents could face fines of up to 30,000 euro. The move is part of a...
TodayFM
TodayFM

6:58 AM - 11 Dec 2018



Landlords Who Illegally Hike R...

News

Landlords Who Illegally Hike Rents Could Face Fines Of €30k

TodayFM
TodayFM

6:58 AM - 11 Dec 2018



Landlords who illegally increase rents could face fines of up to 30,000 euro.

The move is part of a package of new laws being approved by the government today.

 

Under the proposed new rules it would be a criminal offences for landlords to increase rents more than they're allowed.

If someone gets caught doing that it could cost them up to 30,000 euro - 15,000 in a fine and 15,000 in a payment to the Residential Tenancies Board.

The RTB will also get serious new powers under this bill.

It will be allowed to investigate and sanction landlords without needing a complaint from someone first.

The renter's rights body will also be able to publish a register of the amount of rent people are paying in different areas - though the government is seeking legal advice from the Attorney General about whether it can do that.

The bill would also extend the amount of notice a landlord has to give to get someone to leave the property.

Anyone in a property for more than 6 months will be entitled to 90 days notice, anyone in a home for more than a year should get at least 120 days.

The measures are aimed at making renting more secure - while stopping landlords from breaking the 4 per cent increase limits in rent pressure zones.

Cabinet Ministers will sign off on it at their meeting this morning.



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