Country's largest landlord says its rental income could surge by 25% thanks to Government rules

Ires Reit welcomed the change which will give landlords the ability to reset rents to market rates every six years, or if a tenant voluntarily ends a lease

For tenancies created after March 1, landlords will be permitted to hike rents to market rates. While in a lease, they will be restricted to yearly rent increases of 2% per year. File picture

The country's largest landlord has said its rental income could surge by 25%, thanks to new Government rules.

Ires Reit's prediction comes as even the Residential Tenancies Board (RTB) conceded that rents across the country will rise "in the short term" after the measures kick in on March 1.