Document background
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.
