The Residential Tenancies Act 2004 regulates the tenant-landlord relationship in the private rented residential sector. Under the Act a tenancy includes any periodic or fixed term tenancy whether oral, written or implied and a tenancy agreement includes an oral tenancy agreement. It is a matter for the tenant and landlord to agree the terms and conditions of a lease or tenancy agreement consistent with the Act and I do not propose to vary this arrangement.
On foot of the commitment in the Programme for Government 2011 to introduce a tenancy deposit protection scheme I asked the Private Residential Tenancies Board (PRTB) to commission research on such a scheme and to report back to me with recommendations. The final report and recommendations were submitted to me on 12 November 2012 and I am examining the report with a view to providing for the establishment of tenancy deposit protection in the context of the Oireachtas consideration of the Residential Tenancies (Amendment) (No. 2) Bill 2012.