RA Tenants looking for a reduction in rent

[Cork09]

Hi I have a house rented to a Nigerian couple and their family. Always pay on time. Not exactly the cleanest tenants. House will need to be redecorated from head to toe when they move! Now they want to meet me for a rent reduction. they on rent allowance. Now that this is coming down in the budget. Does this mean that all rental should come down by 8%. Some wise person out there help. The house not in a great area so would be difficult to rent it out.

[ravima]

Given recent budget and ads on papers today, you are the first of many who will be asked for reduction.

remember that you will be further taxed with the 'second home' levy, so perhaps hold the lne a d refuse to reduce.

they will eyeball you, eyeball them back!

[lsum]

Say if one was happy with the tenants, and is willing to consider a reduction, should the new rental price be agreed by a gentleman/woman-ly agreement or should a new lease be signed ?

If so, should the new contract be for the duration of the remaining lease, or should one try to get a new 1 year contract signed altogether ?

Of course, contracts are pretty meaningless these days isn't it, as tenants can just give you 30 days notice to move without any penalties and you have to start from scratch looking for a new tenant...

[wallace]

Of course, contracts are pretty meaningless these days isn't it, as tenants can just give you 30 days notice to move without any penalties and you have to start from scratch looking for a new tenant...[/quote]

You have answered your own question here, as my therapist says.

You're right, contracts are pretty meaningless, but it is the written word that will be relyed upon if anything goes wrong with your tenants and you end up taking them to the PRTB. They even have guidelines about teh paperwork they need to see if you're taking a case, so the least you need is a lease and I woudl do a new lease, in the hope that it could be termed as a new agreement and not subject to the ridiculous rights they have after a matter of months.

Learn from reading the experiences of other landlords here!

[Dragonmount]

I have asked by a tenant would I accept RA, I said I would, then was asked for a rent reduction. I was told the rent was too high to receive RA and inorder for the tenant to receive it the rent had to be reduced. The first time I agreed. I had a tenant asking last week would I accept it. I said no. I got one months notice today. Its a gamble as I will have a empty place for a time and have to decorate.