Finding a place to live in the capital can cost you a fortune before you even move in.
Moving to the big smoke can be a daunting task at the best of times and the prices of housing in the capital can put some people off the big change.
According to the Irish Times, there is an increasing number of landlords in Dublin demanding that new residents pay two months’ rent as a deposit as well as rent for their first month.
The unspoken rule of thumb for many years was that landlords would charge a security deposit of one month’s rent as well as charging rent for the first month.
However, Irish Residential Properties Reit (IRES) who are Ireland’s largest private landlord, are asking people to pay double the amount of a deposit as well as the month’s rent in order to assure that they can get the house.
The landlords own around 2,400 apartments in the capital and their move to up prices for renting has left a scary feeling among the public that other landlords will do the same.
Speaking on Newstalk Breakfast on Monday morning, Labour TD, Jan O’ Sullivan said that:
“The residential tenancies board as you know has the power to intervene in these kinds of disputes and if they are looking for two months deposit as well as the first month’s rent – I am not sure if that is actually legally allowed,
The former Minister for Housing concluded: “I think most definitively there can be ministerial intervention if that is needed to stop this.”
