What is the Rental Accommodation Scheme?
Under the RAS scheme local authorities rent properties from private landlords to provide social housing.
The council provides the property to those in need of social housing and pays the rent directly to the landlord.
What rent amount is paid to the landlord under RAS?
Owners will receive a rent amount of approximately 92% of the current market rent. The rent discount may vary and rents will be agreed through negotiation with local authorities.
The rent is paid monthly
How long is the RAS contract for?
Generally the RAS contract runs for four years
Are there rent reviews?
The rent is reviewed every two years
What are the benefits of RAS?
Guaranteed rental income from the local authority monthly.
Receive rent payments even if the property is vacant
Have no rent collection or rent arrears obligations.
No advertising or administrative overheads
Are there any rules for the scheme?
The landlord must be tax compliant and produce a Tax Clearance certificate from Revenue Commissioners.
The property must meet minimum standards for private rental accommodation.
The Property must pass inspection by the local authority
The landlord must register the tenancy with the Private Residential Tenancies Board.
Smoke Alarms, a fire blanket and a fire extinguisher must be installed in the property
Certificates of electrical compliance will be required
Minimum BER rating of D1 is required
What obligations does the landlord have?
The landlord will:
Retain responsibility for day-to-day property maintenance.
Be the landlord to tenants nominated by the local authority.
Register tenancies with the Private Residential Tenancies Board (PRTB).