In the case of a new tenancy in a Rent Pressure Zone, unless the property is exempt from the RPZ rental restrictions a landlord is required to furnish the tenant, in writing, with the following information at the commencement of the tenancy:
- The amount of rent that was last set under a tenancy for the dwelling,
- The date the rent was last set under a tenancy for the dwelling, and
- A statement as to how the rent set under the tenancy of the dwelling has been calculated having regard to the Rent Pressure Zone formula.
Additionally the rent cannot be set above the local market rents for similar properties in the area and three comparable examples for similar properties in the locality must be presented to demonstrate this.
The RTB have a useful tool to assist landlords and would encourage that this information is supplied before the tenancy is agreed to prevent disputes.