Students Archives - Page 5 of 6 - MyHome.ie Advice & Blog

What are the options when using a letting agent?

There are two main options when using a letting agent: Let Only Service: Some landlords use an estate agent to find and screen tenants and then look after the on-going maintenance and tenant management themselves Full Management Service: Some landlords use an estate agent…

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Students

What insurance is required for apartments?

Landlords, Rentals, Renters, Students

In an apartment building, the building insurance should be covered by the annual management fee – check with the management company. It is still advisable to take out a separate policy to cover third party liability, loss of rent and contents cover.

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Students

Can I get insurance to cover for loss of rent?

Landlords, Rentals, Renters, Students

Most insurance polices for investment properties now include cover for loss of rent if the property is badly damaged or destroyed and this results in the property being unsuitable for occupation by tenants. As most landlords rely on the rental income to cover their…

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Students

What expenses can be claimed for Wear and Tear?

Landlords, Rentals, Renters, Students

If a premises is let for residential purposes and it is furnished, a claim can be made for a wear and tear allowance based on the cost of the furniture and fittings. It is necessary to retain an itemised list of expenditure incurred each…

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Students

What records must be kept for tax purposes?

Landlords, Rentals, Renters, Students

You must keep full and accurate records of your lettings from the start. You need to do this whether you send in a simple summary of your profit/loss, prepare the accounts yourself or have an accountant do it for you. All supporting records such as…

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Students

What tax do I pay on rental income?

Landlords, Rentals, Renters, Students

Residential property investment is a business, and like any business is liable to taxes including: Income tax on rental income Stamp duty on property purchase Capital Gains Tax (GCT) on disposal

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Students

What is a notice of termination?

Landlords, Rentals, Renters, Students

The person ending the tenancy (it can be either landlord or tenant) must serve a Notice of Termination (a written notice) on the other party and that notice must comply with the Residential Tenancies Act 2004 in terms of the content of the notice…

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Students

Do I need a solicitor at a PRTB hearing?

Landlords, Rentals, Renters, Students

This is a personal choice, there is no obligation to have a solicitor present. It depends on a number of factors including how strong a case you think you have. Have you followed all the correct procedures? Are you confident and good enough at presenting…

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Students

What disputes will the PRTB deal with?

Landlords, Rentals, Renters, Students

These are some examples of the issues the PRTB will deal with but other matters may also be dealt with: Refund or retention of deposits Breaches of tenancy obligations (by either landlords or tenants) The charging of rents above market rent Timing of rent reviews…

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Students

How do you refer a dispute to the PRTB?

Landlords, Rentals, Renters, Students

Anyone wishing to refer a dispute to the PRTB should contact it directly in the first instance and discuss the matter. The PRTB will provide an Application Form, which should be completed and returned to the Board along with the appropriate application fee. (Contact the…

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