The 2004 Residential Tenancies Act brought about far-reaching reform of the private rented sector. The act improved security of tenure through a system of four-year tenancy cycles. It created new termination procedures, with longer notice periods based on length of tenancy; established the Private Residential Tenancies Board (PRTB) and a new system of tenancy registration; allowed tenants voluntarily to renounce their right to long-occupation leases; and provided higher penalties for breaches of standards in private...
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