Under this new Legislation, which came into operation on 1st September, 2004, further changes have now been introduced to the private rental sector. These include:-
(a) By the 30th November, 2004 all tenancies must be reg istered with the Private Residential Tenancies Board.
(b) The Registration Fee is €70.00 A total fee of €300.00 is payable by a Landlord registering a number of tenancies in the one building. Severe fines are imposed for late Registrationn and refusal to register.
(c) A Landlord is not entitled to a rent greater than teh Market Rent and may only have one rent review per year (unless there are substantial changes in the accommodation).
(d) If a Tenancy has existed for 6 months a Landlord cannot terminate it within the following 31/2 years unless on specific grounds as set out in the Act.
(e) Termination notice varies for both Landlord and Tenant depending on the length of occupation.