Changes to the Residential Tenancies Act and Introduction of the Deposit Protection Scheme

Changes to the Residential Tenancies Act and Introduction of the Deposit Protection Scheme

The new Residential Tenancies Act was signed into law in December 2015 and represents the biggest change to affect the rental sector and landlords in over a decade.

The legislation contains many changes that will be introduced throughout 2016. These changes will also bring into force the legislation required for the commencement of the Deposit Protection Scheme which will be operated by the PRTB. The other key points to note are:

• The notice period for a rent increase has increased to 90 days
• The rent can only be reviewed every two years