Landlords who breach rent pressure zone caps will face criminal prosecution under new legislation.
The Housing Minister has announced a new bill aimed at giving tenants more protection.
Under the proposed Rental Tenancies Act, it will be a criminal offence for landlords to increase rents above the 4% limit and those who breach the cap could soon face fines upwards of 15 thousand euro.
The Rental Tenancies Act will also introduce a rent register to keep prices down and will give the Residential Tenancies Board more power.
Minister Eoghan Murphy outlined the main points of the bill:
"It's going to make it a criminal offence for landlords to breach rent pressure zone 4% limit.
"It's also going to give the Residential Tenancies board independent powers now to pursue a complaint".
In addition to these, the proposed Rental Tenancies Act will bring rent transparency to our rental market as well give greater protection of tenure to those renting.