The Rent Increase Agreement is a crucial document in the Irish residential and commercial property market, used when a landlord wishes to implement a rent increase in accordance with Irish law. This document is particularly important given Ireland's strict rental regulations, especially in Rent Pressure Zones (RPZs) where specific calculation methods must be used. The agreement must comply with the Residential Tenancies Act 2004 and its subsequent amendments, including the requirement for 90 days' notice and adherence to rent review timing restrictions. The document typically includes the original tenancy details, calculation methodology for the increase, statutory declarations of compliance, and maintains the validity of all other terms in the original lease while implementing the rent change. It serves as both a legal record and a formal communication tool between landlord and tenant, ensuring transparency and compliance with Irish rental legislation.
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1. Parties: Identification of the landlord/lessor and tenant/lessee with full legal names and addresses
2. Background: Reference to the original tenancy agreement, its date, and current rent amount
3. Definitions: Key terms used in the agreement including 'Effective Date', 'Current Rent', 'New Rent', 'Property', and 'Original Tenancy Agreement'
4. Rent Increase Details: Specification of the new rent amount, effective date, and calculation method in compliance with RPZ regulations if applicable
5. Statutory Compliance: Declarations regarding compliance with the Residential Tenancies Act and RPZ regulations if applicable
6. Notice and Timing: Confirmation of proper notice period given (90 days) and timing compliance with rent review restrictions
7. Continued Effect: Confirmation that all other terms of the original tenancy agreement remain unchanged
8. Signatures: Execution section for all parties to sign and date the agreement
1. RPZ Calculations: Required only if the property is located in a Rent Pressure Zone, showing detailed calculations of maximum permitted increase
2. Property Improvements: Include when rent increase is partially justified by substantial changes or improvements to the property
3. Market Rent Comparison: Include when relevant to justify the rent increase based on local market rates (for non-RPZ properties)
4. Payment Terms: Include if there are any changes to the payment method or schedule along with the rent increase
5. Tenant Acknowledgment: Additional section for tenant to acknowledge receipt of proper notice and understanding of calculations
1. Schedule 1 - Rent Calculation Details: Detailed breakdown of the rent increase calculation, including RPZ formula if applicable
2. Schedule 2 - Notice Documentation: Copy of the formal rent increase notice served to tenant and proof of service
3. Schedule 3 - Property Improvements: If applicable, list and documentation of improvements made to justify rent increase
4. Appendix A - RTB Guidelines Compliance: Checklist showing compliance with Residential Tenancies Board guidelines
5. Appendix B - Supporting Market Evidence: For non-RPZ properties, comparable local rental prices and market research
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