I rent out a property for €1,400 a month. The open-market rent would be about €2,300
'I am in the process of upgrading with renewables so the new Ber rating will be seven points higher.' Photograph: iStock. I have a good relationship with the tenants, and they are not planning to move in the foreseeable future.
I was considering leaving the rent at €1,400 until they move out and asking them to pay €150 month cash for the free electricity they will have. If I leave the rent at €1,400 while they remain, can I set it to market value in the future, when they eventually move, maybe in a few years’ time? In your case, I can see that you are looking to rely on the exception for the property whereby it has undergone a “substantial change in the nature of the accommodation”. Namely, in the case of a dwelling to which the European Union Regulations 2012 apply, the works result in the Ber being improved by at least seven building energy ratings.
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