1. The process takes in the region of 3 months from start to finish for individual properties.
2. Properties must be VACANT to be considered for leasing.
3. It is advisable that owners check the Head Lease for the property (particularly in respect of those properties where a management company is in existence)
as there may be a clause prohibiting the sub-letting of units.
4. A solicitor will be required when the legal stage of the leasing process begins.
5. The lease term will be either 10 years, 20 years or 25 years with 3-year rent reviews.
6. Following the initial application there will be a first inspection of the property by our in- house Inspector to deem it suitable for leasing.
7. Rents will be paid at 80% of current open market rents for properties which do not have a management company in situ. Properties which do have a
Management Company in situ will receive 85% of the current open market rents. This rent discount is applied to take account of the management/maintenance
of the property by DCC and the elimination of vacant periods where a property owner would normally not receive a rent payment.
8. Once it is confirmed that the property meets all the required regulations and standards for social housing it will have a second inspection carried out by
DCC or an agency employed by DCC to manage their leased properties.
9. Following the second inspection a letter will issue stating the rent offer and detailing any works required to be carried out in advance of DCC entering a
lease with the owner. This letter will also request required documentation to be submitted within a month of the date of the letter.
10. Payment will be made monthly to Landlords by Electronic Fund Transfer directly to their bank account.
11. If the owner is resident outside the Republic of Ireland, the rental income for the property will be subject to “Withholding Tax”.