Mr. Patrick Davitt:

There is no problem with comparing the two markets that we are speaking about. If one goes beyond the four years and nine months or, as we look at it now, the five years, one gets into a situation where one gives a lease on the property and the tenant takes a lease on the property. If we get into the same scenario, as some commentators are proposing at present, of a ten-year lease where the tenant would have the leasehold of the property, the person who holds the leasehold has different responsibilities. If tenants are prepared to take that, it would certainly incentivise landlords into renting on a long-term basis, but what if we are looking at a landlord giving a tenancy for ten years and paying all the charges and every time the washing machine breaks down or whatever, still being still called on to do X, Y or Z?