Yesterday, in answer to a parliamentary question the Minister stated there are in excess of 200,000 private residential tenancies registered with the PRTB. I believe more exist which are not registered. However, if we tied the registration process to the holding and safekeeping of a deposit, it would create greater and more far-reaching compliance with the PRTB registration process. It would also provide protection for tenants and their deposits. It would create a significant amount of money for the State and approximately half a billion euro could be held on account as a result.

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