Dáil Éireann Debate, Tuesday - 27 July 2021
679. Deputy Rose Conway-Walsh asked the Minister for Housing, Local Government and Heritage when the provision against landlords asking students to pay multiple months of rent in advance as outlined in Residential Tenancies (No. 2) Act 2021 will come into force; and if he will make a statement on the matter. [40211/21]
Amharc ar fhreagraThe Residential Tenancies (No. 2) Act 2021 was signed into law on 9 July 2021 and limits, in respect of tenancies created on or after 9 August 2021, the amount of rent in advance (maximum of 1 month’s rent) and/or a deposit (maximum of 1 month’s rent) that a landlord can ask anyone, including a student, to pay to secure a tenancy Accordingly, the maximum upfront payment can be no more than 2 months’ rent and any ongoing advance rent payment during a tenancy can only cover 1 month’s rent.
The Act will greatly reduce any financial exposure to tenants, including students, on foot of paying much restricted upfront payments.
Comprehensive information and supports, including a detailed guidance document and a Frequently Asked Questions (FAQ) document on the Act, are available on the Residential Tenancies Board’s website – www.rtb.ie.
