UPDATE FURTHER PART 4 - RESIDENTIAL TENANCIES (AMENDMENT) ACT 2019
As part of the Residential Tenancies (Amendment) Act 2019, Further Part 4 Tenancies created at the end of each 6 year cycle are now no longer considered as New Tenancies. A Further Part 4 Tenancy is now treated as a continuation of the current existing tenancy and consequently a new rent cannot now be set at the start of the Further Part 4. Previously on Letman, a new lease had to be created, deposits transferred and the old lease archived.
This is no longer required.
Instead, a current Part 4 Expiry Date of say 29 May 2025 is now extended by a further 6 years until the 29 May 2031.
Additionally, in the case of the FIRST Further Part 4 the Landlord has the option of denying this and terminating the tenancy subject to giving the correct notice period to the tenant(s). The RTB has . . . View full article