Feb/110
Renting or Letting in Ireland
This write-up contains guidelines for landlords seeking to let and tenants looking to rent in Ireland. If you are a landlord in Ireland, then you will need a Building Energy Rating or BER certificate should you wish to let your property. This certificate is mandatory for all houses and apartments being presented for letting from the 1st of January 2008. If you do not have a certificate then you should contact one of the numerous BER assessors around the country. An average BER certificate for a home will probably cost over 150.
As a landlord you must supply a written letting agreement or lease. All payments made to the landlord, must be recorded by written statement. You must, by law, make sure that your residence complies with particular minimum standards - e.g. free from damp, in good structural repair, cold and hot water, satisfactory ways of heating and ventilation, appliances in very good working order, electrical wiring, gas, pipes in good repair. You are obliged to carry out repairs except where damage beyond regular wear and tear has been caused by the renter.
Tenants have entitlement to quiet and peaceful enjoyment of their residence. As a landlord you are allowed enter with your tenant's authorization. Should you need to undertake repairs or inspect the premises, it should be by prior arrangement with your tenant.
You must return immediately any down payment paid by the tenant. The deposit may possibly be retained or reductions made where there are 1) rent arrears or 2) costs accrued to repair damage above regular wear and tear 3) cleaning up costs 4) unpaid electric bills.
Any houses which are rented are required legally to be signed up with the Private Residential Tenancies Board within 28 days of letting. There are some exceptions such as: holiday break lets, in which the landlord is a relative of the tenant; where the landlord is resident. For additional information you can contact the Private Residential Tenancies Board. Landlords who fail to register are liable to prosecution.
If you want to rent or let property in Waterford then check out BookaRoom.ie. We also have a wide range of office rental space in Waterford.
Sep/090
Investment Rental Property
In the center of an economic crisis and with the chance of a recession looming in the close horizon people have began saving money wherever they can.
Credit has dried up, loans are being called in and properties everywhere are being foreclosed on a daily basis. Even though there is always a need for good homes that are listed at a good value, today's financial climate means people are more apt to to rent property than they are to buy it. This is a great time for prospective investors to consider investment rental property.
As with any property investment, rentals have to have extensive research into the market and a considerable financial commitment. Furthermore, the investor needs to be fully knowledgeable of the advantages and disadvantages of the kind of investment rental property he is trying to obtain. One family homes, for example, generate substantially less rent than apartment complexes but are much easier to buy and don't cost as much to keep up. Apartment complexes, on the other hand, generate more money but require that much more care and committal in order to keep their value (via repairs|fixes, improvements or simple every day maintenance|upkeep) and have a largely higher upkeep.
A house property or a condo on the other hand will bring in as the same amount as normal housing or more so but have the difficulty that the common property is co-owned and any problems the co-owners have with the tenant will at the end have to be fixed by the investor, as the property is legally his.
Investment rental property can be as easy or as complicated, as unstressful or time consuming as the investor makes it. By carefully studying the local market, prices, tendencies and being smart when mortgaging, an investor can stand to profit as much as he is able to commit to financially in this currently volatile economy.
Jason Myers is a professional writer and he writes mostly about anti wrinkle eye creams. He's also an amateur wine enthusiast and has a website about wine aerators and other wine accessories.