A short post to confirm that the Residential Tenancies (No. 2) Act 2021 was signed into law by the President last Friday, 9 July.
This is the legislation which introduces changes to the RPZ rules, capping rent increases at the rate of inflation shown by the Harmonised Index of Consumer Prices.
The RPZ rent increase changes require further ministerial order before they come into force. However, the balance of the Act is now operative.
For further information on this topic, please contact Aoife Smyth, Knowledge Lawyer or any member of A&L Goodbody’s Real Estate team.