It is illegal to increase rent beyond 7.5 per cent without permission

The Facts:

Landlords are allowed to increase rent by 7.5 per cent annually with the permission of the Rent Assessment Board. If a landlord wants an increase that is more than 7.5 per cent, he/she has to go to the Board.

The Rent Restriction (Percentage of Assessed Value) Order, 1983 states in Section 3 subsection 1 that

“The standard rent as determined for any premises pursuant to the Schedule shall be increased on each anniversary of the application date by an amount as shall be necessary to increase, by 7.5 per cent, the standard rent payable immediately prior to such increase.”

Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living – whichever is lower – over a 12-month period.

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