LAW 4753/2020 WAS PUBLISHED FOR THE RENT REDUCTION FROM NOVEMBER & 50% REFUND!

 
According to the new regulation:
 
1. a.     It is limited to the months of September and October of this year (t.e.), instead of the month of September 2020 and at the latest until the month of December 2020 which is valid today, the optional reduction measure for a percentage of at least 30% of the total rent, regarding :
j)         tenants of a professional lease to establish a business that is financially affected due to the appearance and spread of the coronavirus and
ii)         leases of a main residence, as specifically defined.
 
b.         The measure of exemption from the obligation to pay 40% of the total rent (applied for the months of March, April and May 2020) is extended to other categories of victims, depending on the epidemiological level of the regional unit (p.e.), as follows: i. for the month of October to:
– lessees of a business lease to establish a business, which is based or has a branch in p.e. which was included for at least fourteen (14) days during the month of October at an epidemiological level “very high”, according to the mentioned co. and the specified, regarding the corona virus, reasons,
– main residence rental contracts, in the context of which, the employment contract of the tenant, according to the specially defined conditions, has been temporarily suspended.
– from the month of November sq. to: tenants of a business lease to establish a business which is based or has a branch in p.e. which is included in an epidemiological level of at least increased risk, or in p.e. for which emergency public health protection measures have been issued, pursuant to a regulatory act and for the specified reasons, related to the coronavirus, principal residence lease contracts, in the context of which, the tenant’s employment contract, as specifically defined, has temporarily suspended, regardless of the epidemiological level of the p.e. in which the company is based or has a branch.  It is clarified that for the implementation of the provisions to be passed, leases for the installation of canteens or refreshment stands are also understood as professional, as specifically defined.
 
c.         It is also extended for the month of October. (applied for the month of September 2020), the exemption from the payment of at least 30% of the total rent for real estate lease contracts to cover the housing needs of a child – a dependent member, who attends a higher education institution outside the place of his permanent residence, as long as at least one parent is an employee of a company that has been included, based on a decision of the Minister of Finance, among the financially affected, due to the appearance and spread of the coronavirus and whose employment contract has been temporarily suspended.
 
d.        The exemption from the obligation to pay 40% of the total rent for real estate lease contracts to cover the housing needs of a child – a dependent member attending a higher education institution outside the place of permanent residence is extended to other categories of employees in affected businesses of (applied for the months of April and May 2020), as follows
 
– for the month of October of this year, as long as at least one parent is an employee of a company based or having a branch in who joined, within the month of October 2020, for at least fourteen (14) days, at a “very high” epidemiological level, as defined above, and whose employment contract has been temporarily suspended.
– from the month of November p.e., as long as at least one parent is an employee in a company regardless of the epidemiological level of the p.e. in which it is based or has a branch and whose employment contract has been temporarily suspended.
 
e.          The support measures for maritime labor are amended-supplemented with a provision:
 
1.         For month of October yr.. of the possibility of exemption from the obligation to pay part of the total rent of the main residence, which cannot be less than 30% of the total rent. seafarers whose seafaring contract is, as specifically defined, suspended, or spouses or other parties to a cohabitation agreement (applied with a provision of application from the month of October and for as long as the seafaring contract is still suspended),

H.         From the month of November c.e. and for as long as the chartering contract is still suspended, exemption from the obligation to pay 40% of the total rent of the main residence, seafarers, whose chartering contract is, as specifically defined, suspended or spouses or other parties to a cohabitation agreement .
 
2.         The support measures for landlords/natural persons due to the loss of their rents are completed as required by law in the context of dealing with the effects of the coronavirus, with the addition of a provision for the payment to their account of half of the reduction in their rents, since from the month of November and henceforth they collect a reduced rent of 40%. instead of the right of deduction in their debts to the tax authority (reduction to a percentage of 20% on 60% of the rents before the above reduction). Authorization is provided to regulate more specific issues for the implementation of the above.

  1. Mandatory 40% reduction. For the month of November 2020, a mandatory rent reduction of 40% is entitled to:

a)         Tenants of a business lease to establish a business which is based or has a branch in a regional unit which is included in an epidemiological level of at least increased risk, (including leases for the installation of canteens or refreshments) or in a regional unit for which emergency measures to protect public health have been issued, pursuant to a regulatory act and for those specified, regarding the coronavirus, reasons

b)         Lease contracts of a main residence in which the tenant is an employee or a spouse or the other party to a cohabitation agreement whose employment contract has been temporarily suspended due to the measures to avoid spread of the COVID-19 coronavirus, regardless of the epidemiological level of the regional unit in which the company is based or has a branch.

c) Real estate lease contracts to cover housing needs of a child – a dependent member studying at a higher education institution outside his place of permanent residence if at least one parent is an employee in a company regardless of the epidemiological level of the p.e. in which it is based or has a branch and whose employment contract has been temporarily suspended.

d)         Seafarers, whose seafaring contract is suspended, as well as for those spouses or the other parties to a cohabitation agreement and for as long as the shipping contract is still suspended

After the passing of the bill, it is foreseen to issue a regulatory decision to determine the businesses per regional unit, per sector and per month for the mandatory exemption from the obligation to pay the rent starting from the month of November 2020.

  1. Measures for owners (natural persons)
    From the month of November, the provision to reduce the financial loss of landlords from the mandatory rent reduction is amended. Now, instead of the deduction that was in effect, the payment to the bank account declared in the A.A.D.E.’s income tax return will be provided. an amount equal to half of the rent reduction.

We remind you that this regulation concerns natural persons who rent out their properties for the establishment of businesses , for the main residence of employees in businesses affected by the COVID-19 corona virus and for the student residence of their child-dependent member, who attends a higher education institution outside his place of residence, as long as at least one parent is an employee of affected business.

Read in the attached file the full text of the new of law

 

 READ THE TEXT OF THE LAW