This guide has been reviewed against our global client base and classed as relevant to the following regions: IE
When a property is in a Rent Pressure Zone (RPZ), a user will be prevented from raising the rent above the allowed limit, as set out in the RPZ guidelines.
RPZ settings are stored on the property record. When making a new tenancy current or renewing/extending an existing tenancy, on saving the tenancy record, the system will check the proposed rent against the allowed rent and changes will only be saved if the rent is within the RPZ allowed limit.
When a tenancy is made current or when a tenancy renewal or extension is created and saved - rent history is created and saved - the key data for RPZ being the rent amount being charged and the date this came into effect - this is then used for future rent reviews and new tenancies on this property
How to use RPZ functionality
1. Access RPZ settings on the property record The RPZ settings for the property are stored in the Marketing screen From the property:
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2. No previous rent history
When ticked, this will allow rent to be set on the tenancy screen with no restriction | |
3. In RPZ
If this setting is left blank, the property will be treated as being outside of the RPZ zone | |
4. Start Date
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5. Last Rent p/w, p/m or p/a
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6. Review Date
On the Review Date, if the new rent amount was not increased, then the above fields will not get updated with a new date or rent amount; this will allow raising a new tenancy or extension for any date | |
7. Saving RPZ settings
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8. Setting the rent When setting the initial rent, or when adding an extension or renewal to an existing tenancy
| When the previous rent amount and review date has been added to the Marketing screen, when creating a new tenancy or adding an extension/renewal, when a rent increase can be applied, the rent will automatically be increased to the maximum amount - this can be changed before saving |
9. When rent is set too high When setting the initial rent, or when adding an extension or renewal to an existing tenancy If the rent amount entered is too high:
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10. Saving the tenancy record When making a tenancy current or when adding an extension or renewal to an existing tenancy, on clicking Save on the tenancy record, if no message is displayed, this indicates that the rent amount is within RPZ guidelines |
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