THE COMPLETE EXEMPTION OF “CLOSED” BUSINESSES FROM THE RENT IS EXTENDED TO MARCH!

Here are the proposed provisions of Article 7 of the amendment in their entirety:

Article 7

Extension of the rent exemption for professional leases – Amendment of par. 10 of the second article of the Legislative Content Act of 20.3.2020, which was ratified with article 1 of Law 4683/2020

Paragraph 10 of the second article of the Legislative Content Act of 20.3.2020 (A’ 68 ), which was ratified by Article 1 of Law 4683/2020 (A’ 83) is replaced since it came into force as follows:

“10. Especially for the months of January, February and March 2021, the lessee of a business lease to establish a business, for which special and extraordinary measures of suspension or temporary prohibition of operation have been taken for preventive or repressive reasons related to the coronavirus COVID-19 or which is financially affected due to the spread of the coronavirus COVID-19, and belongs to specific business sectors other than those mentioned in the decisions issued under the authorization of par. 8a, is exempted from the obligation to pay the total rent , by way of derogation from the written provisions on leases, in accordance with the provisions of the second and third paragraphs of par. 1. By decision of the Minister of Finance, after a recommendation by the Governor of the Independent Public Revenue Authority (A.A.D. .E.), the affected businesses of the previous paragraph are identified by sector and by month, as well as any other necessary detail for the application of this. The decision of the previous paragraph concerns businesses that are not included in the decisions issued under the authorization of par. 8a.”

Note: With the last paragraph of the proposed provisions “it is clarified that the decisions issued under the authority of par. 10 of the second article of the PNP from 20.3.2020 do not prevail over the decisions issued under the authority of par. 8a and the issuance of a regulatory decision based on par. 10 does not exclude the application of par. 8a with the reservation that the business sectors do not coincide in the relevant regulatory acts. It is expressly regulated, to remove any interpretive ambiguity, that the decisions issued under the authority of par. 8a concern specific business sectors not coinciding with the business sectors of par. 10.”