I think the PRTB regulations are way to soft. And we have a long way to go. The tennant rights are very limited at the moment.
People are entitled to a safe, secure roof over their head. They should not have to purchase an asset to get this, they should be able to rent.
We should want tennants to have stronger rights, so people can view renting as a life time option.
At the moment, if you want to feel settled you can't rent. (unless the landlord agrees a long lease, which is very rare)
The improved flexibility in our labour market would pay economic dividends, and hopefully help limit asset bust-boom cycles, by reducing demmand for owning the assets somewhat.
I guess a very long philosphical debate could now ensue as to whether tenants rights should be stronger . There is no doubt that until the new legislation came into being tenants with bad landlords were in a very weak position e.g the stereotypical mean landlord cramming 20 tenants into badly designed over crowded bedsits in an old redbrick in rathmines and as soon as they complained they were evicted. The new legislation in theory should do away with these landlords. Whether it does in practice may be determined in part by whether the PRTB is properly funded (and given our track record in such things it isnt at the moment).
However many landlords do not fit the above stereo type and equally many tenants are not exactly deserving of sympathy. I have heard as many cases of tenants thrashing flats etc... refusing to leave unless they get a payout as I have heard of the dickensian type landlord. Most landlords in Ireland have one or two rented properties and usually these are with a view to being part of the pension
so they dont really fit the stereotype of the evil landlord
As someone who owns a rented property abroad I know that if I have a good tenant paying a reasonable market rent then provided that if I (1)genuinely want to sell the property or (2)have it for my own use I can get rid of my tenant with reasonable notice then quite frankly I dont care if he acquires rights to remain on indefinitely(other than the above two reasons)provided there is a rent review mechanism.
I think most decent landlords would feel the same. Anyone I know here who is a landlord feels the same. The current legislation is now in my view very fair as it gives people,in situ for more than 6 months the right to extend by 4 years or so unless the Landlord is genuinely selling or using it for himself.
I know 4 years is still short if you intend to rent and live in aparticular area for life but for the vast vast majority of people in ireland this is usually not the plan so 4 years suits most people.
If ,however more absolute rights were given to tenants this might have the consequence of less rental properties or badly maintained ones(if the landlords investment is devalued by the tenants having very strong rights he will be less inclined to properly maintain the property)( the old controlled tenancies were an example of this..they fell into serious disrepair as landlords were getting next to nothing in rent and as a result the controlled tenants ended up at times in very bad conditions.
Howver for the new system to work its essential that tenants and landlords can solve their disputes quickly and cheaply via the PRTB. As this is not properly staffed and funded by the geniuses in government everybody suffers except the bad landlords and bad tenants who can continue to abuse the system with impunity as they have always done.