If you rent a property which is covered by the Residential Tenancies Act 2004 then you must register a tenancy with the PRTB, if you get the registration in within a month it will cost €70, if you are late it is €140. This fee gives the landlord virtually nothing and if you don’t register the PRTB can (in case of any dispute), defend the tenant but not accept any complaints from a landlord.
The fact that this is so one-sided is evidence that there is an anti-landlord undercurrent which is highly prevalent in Ireland goes so far as to be expressed in legislation. Contrary to popular belief, a landlord has very little ability to turf out tenants or behave in a manner which is one sided.
If you don’t register your tenancy you cannot offset mortgage interest against rental income, the laws on offsetting expenses (mortgage interest) for landlords have changed, and now you can only offset 75% of the interest against rental income, if you had this reduced to zero for not registering with the PRTB you could …