Landlords who agree to keep rent at affordable levels could be offered a series of tax reliefs from the Government.
The new plans by Minister for the Environment Alan Kelly are aimed at increasing the right of tenants and tackling rising rent prices, particularly in Dublin.
Under the proposals, landlords will be encouraged to enter “rent certainty leases” with their tenants in return for tax breaks and other financial incentives.
The Government also hopes to implement a series of procedures aimed at making it more difficult for landlords to increase rent.
According to The Irish Independent, amongst the measures being examined include extending the notice period for introducing a rent hike, as well as placing a requirement on landlords to produce details of three comparable properties in order to justify an increase.