The Bill was signed by the president last week but the regulation only commences from today.
FROM TODAY LANDLORDS can no longer apply a 4% rent hike and must instead link any rent increases on properties in Rent Pressure Zones (RPZs) to inflation.
Sinn Fein’s Eoin Ó Broin has said it is an “absolute disgrace” that Housing Minister Darragh O’Brien waited a week before signing the commencement order of Section 6 of the Residential Tenancies Act.
He claims this has resulted in landlords still being able to hit tenants with rent reviews of 4% and 8% in some cases, over the last seven days.
The Residential Tenancies (No. 2) Bill 2021 was brought forward to the Dáil by the housing minister last month.
It was passed in both the Dáil and the Seanad last week and was signed into law by the President Michael D Higgins last Friday.