Landlords will be blocked from raising rents every year, and will be limited to hiking rents to once every two years.
After a climbdown by Environment Minister Alan Kelly to link rent rises to inflation, Fine Gael and Labour agreed on the plan last night.
This plan has been weeks in the making, initially earmarked to be announced with the budget, Fine Gael and Labour couldn't come to an agreement in time.
It even led to reports of major rows between Environment Minister Alan Kelly and Finance Minister Michael Noonan.
The plan that needs final approval from the Cabinet next week, sees Alan Kelly's promise to give rent certainty by linking any rises to inflation, abandoned.
Instead the current practice of annual rent reviews will be changed to a review every two years, and will last for at least the next four years.
Any increases will also only be allowed at the market level.
Also included in the package are efforts to get more apartments built in Dublin, and 100 percent tax relief on mortgage interest where landlords rent to those receiving assistance.
