December Rentals: How Real Estate Owners Will Get 50% Compensation

Until the end of January, property owners who received 40% reduced rents in December have the opportunity to submit Covid declarations on the AADE platform, in order to be compensated for 50% of the damage they have suffered.

Who cares
The measure concerns owners who rent real estate in:

companies that have been closed by state order or belong to the affected KAD
employees who have been suspended from work for their main residence or for the residence of their child studying in another city away from permanent residence
seafarers suspended from a seating contract for their main residence.
The Covid declaration is submitted by real estate landlords, whose rent has been reduced by 40% under the current provisions concerning measures to address the ongoing consequences of the Covid-19 coronavirus pandemic.

In case of submitting a Covid declaration, the details of the lessor, co-lessor, lessee as well as the details of the property are retrieved from the latest Real Estate Lease Information Statement by adding the following information to be completed by the lessor:

1. Use of lease, where the lessor must choose one of the following options:

"Residence of a dependent student"
"Main residence in which the lessor is an employee and his employment contract has been suspended"
"Main residence in which the spouse / part of the cohabitation agreement (MSS) of the tenant is an employee and his employment contract has been suspended"
"commercial property"
"Navy main residence"
2. The monthly rent before the reduction.
3. The amount of rent after the reduction.
4. The month to which the reduction relates
The design for January
For next month, the government announces a reduction of 80% in rent for companies that were closed by state order during the holidays, while thoughts are growing to extend next year the 40% reduction in rents that will be paid by the affected companies that remain open in on holidays.

Taxpayers (individuals) who rent commercial real estate in closed companies will be compensated for 60% of the agreed monthly rent, and not on the loss. If it is finally decided for the 40% haircut in January in the affected companies, the landlords will be compensated with 50% of either the rent or the losses.

Legal entities - landlords are obliged to reduce rents but are not entitled to compensation. That may change next month. The latest plan being drafted by the Ministry of Finance stipulates that legal entities that will receive 80% of "rented" rents will be compensated for 40% of the monthly agreed rent, and not on the loss.

 

* The article is republished from the website www.newmoney.gr