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22/01/2014

Cabinet Approves Plans For Deposit Protection Scheme

Minister for Housing and Planning, Jan O'Sullivan, TD, has secured Cabinet approval for progressive changes in the private rented sector.

The Cabinet approved the Minister's plans for a deposit protection scheme, which will see an independent operator holding and returning tenant deposits.

The Cabinet also gave the green light to plans for strengthened provisions against anti-social behaviour in the private rented sector. The changes will now be introduced at the Seanad Committee Stage of the Residential Tenancies Bill.

The Minister said: "Government approved my plans for a deposit protection scheme. Disputes over the return of deposits are one of the most significant sources of complaint in the private rented sector and this significant reform will introduce a workable, independent scheme that is fair to both tenants and landlords.

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"I intend to appoint an independent operator to hold and manage deposits. The scheme will be self-financing, covering operational costs through income earned on deposit holdings. This new deposit protection scheme will also be responsible for returning deposits to tenants and also operate a dispute resolution process where there is a dispute between the landlord and tenant."

The Minister also secured Cabinet approval for other Committee Stage amendments including enhanced provisions against anti-social behaviour. One amendment will make explicit the right of bodies such as a residents association or a neighbourhood watch group to bring complaints to the Private Residential Tenancies Board. Another amendment will remove the requirement for neighbours to raise issues of anti-social behaviour with tenants before taking further action. It will now be sufficient to try to resolve problems with the landlord, before bringing a case to the Private Residential Tenancies Board.

(CD/JP)

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