The Law Commision's consultation document that calls for new laws to protect the rights of 500,000 apartment dwellers has been widely welcomed.
Fine Gael, Labour and the Progressive Democrats have all welcomed the report, which said a regulator should be appointed to register all apartment blocks, investigate complaints relating to developments and provide assistance to the management companies that run such complexes.
It also said that all service charges should be reasonable.
Two months ago the National Consumer Agency called for urgent legislation to protect apartment dwellers, while last week Director of Corporate Enforcement Paul Appleby warned that badly-run flat complexes risked massive devaluation and, in the long run, demolition.
Fine Gael promised to move legislation next year that will regulate the management company sector and "provide apartment dwellers with the protection".
The party's environment spokesperson, Fergus O'Dowd said Fine Gael tabled the Residential Tenancies (Amendment) Bill last April, but it was not enacted.
"The Government did not support immediately enacting the Bill pledging to revisit the issue and, in the absence of action from the Minister, I will once again move the Bill incorporating aspects that the Law Reform Commission has pointed out," he said.
Labour's environment spokesperson Eamon Gilmore said: "I am in full agreement with the Law Reform Commission view that we are in urgent need of laws to protect the rights of our 500,000 apartment dwellers.
"At the moment, there is little or no legal protection available to people who live in apartment complexes or in other arrangements where there is a management company involved".
Progressive Democrats Senator Tom Morrisey said many apartment dwellers had been angered by a lack of knowledge of how management companies work.
""Excessive charges and poor service are creating a sense of anger against these management companies. Apartment-hunters should be provided with clear details about the responsibilities and duties of both the company and the homeowner before they buy," he said.