It will be a good Christmas for those currently renting a property Dublin and Cork as it was confirmed earlier today that the new rent control caps that will limit the annual increases in rent, will officially come into effect tomorrow (Christmas Eve).
The much welcomed news comes after President Higgins agreed to sign the legislation this morning.
It is understood the Planning and Development (Housing) and Residential Tenancies Act 2016 will come into legal effect immediately, although the clauses on rent caps in “rent pressure zones” will begin tomorrow.