The Facts To Keep in Mind When Locating Short Term Leases In Greece

02 Jun 2016 

The concept of short term leases was always connected with a holiday alternative or an interim home option while looking for more "long-term digs". However, the increasing problems to locate employment and augmenting popularity of a rental generation (because houses are too Expensive to purchase) is on the surge. Furthermore, Short run leases are popular because they don't present Jointly with the extensive duty of a long term contract and outstandingly high deposits. However, a difficulty is always appear with short term rental while seeking for trusted and suitable short term accommodation, even on a break. This brief post will provide helpful information for the considerations that must undoubtedly be made while seeking for a swift term rentals in Greece.

1. Finding The Correct Geographical Location

The first job to locating the ideal Short term rentals in Greece is typically to locate the ideal location. Think it over, you will probably find a beautiful short-term rental villa in Cyprus at a reasonable price, but when Cyprus is merely not the place You're looking at would this be worth a viewing? It is important to Choose which region of Greece, or some other country, you might be most interested in. This can be found by completing some online research with wishes to the distinct places reviewing their historic background, their space from your important city, their crime rate, or some other factor which occurs to be Vital to your final decision.

2. Choose A Acceptable Letting Agent Or Website

After picking out the region, It's very important find a reliable and efficient letting agent or website. A letting agent is a kind of realtor who deals with rental properties primarily or alone. It could be good for locate an representative who specializes in holiday short term rentals if you happen to be searching for the sort of short term rental property. You can do this by performing a brief online search and picking no less than three names from the search results list. It really is important that a number of options be selected to empower to get a comparison of agents in terms of their prices, skills, and properties available.

An option for locating short term rentals is using independent lease websites. These sites permit property owners to marketplace private leases and you may be dealing directly with all the landlord. This is really beneficial as the rent fees are normally lower and communicating is direct with no Substitute party. Again, several independent sites needs to be chosen to let for an assortment of property options and price comparisons.

3. Reading Reviews Of Services

Whilst the primary Intent of researching short-term rentals would be to find your ideal rental property, you should assess the trustworthiness of the agent/site. This can be crucial to ensure that the average individual You'll be renting your property from is only not deceptive and you'll not be "conned". Reading reviews is one approach of determining a firm's standing and these reviews can be located for both official sites and third-party review websites. You should additionally discuss portfolios if coping with letting agents this should help you discover the agent's level of encounter with short-term leases.
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Your masterairbnb blog

01 Jun 2016 
"The provision of any service by the lessor during the lease residential property (eg, cleaning, storage, etc.) makes the created income as income from business activity, which is subject to the relevant tax laws of the Ministry of Finance"

- "For income tax issues, taxation in Greece activities of peer-to-peer platforms and their tax audit, the qualified institution is the General People Revenue Secretariat".
Issues to the competent Ministries of Tourism and Economy, on the issue of taxation of real estate lease from your owners tourists, of Members in the House
The «Airbnb» is considered the simplest way to make the most of someone, through leasing, economical space, or property, that of surplus, presenting it to an audience of numerous users
The «Airbnb» is the easiest means to take advantage of one economical space, or property, that of surplus, presenting it with top international customer service and a large community of users continues to spread
Whether an apartment for one night or a citadel for a week, or a villa for a month, «Airbnb» offers exceptional travel experiences at any price in more than 34,000 cities and 190 countries, including Greece.
The dilemma of house rent by «Airbnb» in Greece and the legal framework surrounding it are recently burning problem, as an increasing number of individuals in our nation wanting to lease their residence to others for a short time, mainly Holiday view to ensuring yet another income.
To the question, what's true of tourism and tax purposes in Greece for such leases, useful clarifications gives the reply of the Ministry of Economy and the Ministry of Tourism, in parliamentary question by letter, filed in the House on the taxation of property lease in the owners tourists.
The release from 11/01/2015 tourist leases in our nation gave new opportunities to the establishment of leases, and now freely allowed to rent property for less than 30 days (short-term leases), without, that's, subject to the holding of Specific Signal Operation .
In particular, Members' questions, Mr. Mrs. Syrmaleniou Nicholas, Nicholas Egoumenidou, George Papafilippou and Nektarios Santorini -with on the rental real estate from the owners touristes- to the related Ministries have, in detail, as follows:
"From November 1, 2015 are infamously free tourist leases and most can be rent freely tourists in property of any sort (house, flat, etc.), wherever you is found, even if it's no unique signal tourist lodging and Operation without minimal lease period (say even for a nighttime).
This new type of tourist leases, which comes from the US, and has spread to countries in Europe and in our country, and before 1/11/2015, through unique web nodes.
• Given that this new form, or really it really is an activity within the economy of sharing (sharing economy), or appreciably conceal commercial activity, it stays entirely untaxed and raises problems of unfair competition in the tourist accommodation and, above all, dilemmas consumer protection, and
• given that there are tourist areas and cities, citizens wishing to benefit from the market of sharing, having, however, guaranteed, will be taxed to be able to be fully legitimate and how will declare leases, asked Mr . Ministers:
-For What motive the crucial legislative framework has not yet been embraced for the most liberalized tourist leases?
- is the equal treatment of tenants the minute while the new form of tourist leases remain untaxed and taxed normally, will be insured, when people who make local lease the state, the government is forced to make various income cuts included in the memorandum?
-And yet, how is it ensured the businesses with their internet nodes (basically online travel agencies) will be taxed on income, running in Greece?
- How Will see to it that the protection of consumers and tourists will prevent the defamation of the state from the usage of any tourists unsuitable property, when such property isn't commanded?
- How Will ensure that the rents paid generally abroad, will be imported into Greece?
In reply to the competent Ministries states:
"The property owner, bearing the attributes and fulfills the demands rented furnished room-apartment (EYID), from November 1, 2015, aren't subject to obligation to make the Special Signal Operation. Exactly the same applies to properties that have the features and fulfill with the standards of self-catering accommodation, subject to the provisions in Article 46 of Law. 4179/2013 (A '175) on tourist furnished villas and apartments. In all the above instances that are described, the owner may, in addition, carry out even for brief time, the urban lease of the property.
"For additional clarification of questions concerning specific income tax problems, taxation in Greece actions of peer to peer platforms and their tax audit, the qualified institution is the General Public Revenue Secretariat"
Additional clarification of the conditions under which the income which would result from the lease of the property will be taxed as income from business activity (in case of service) or as income from real-estate, will get by itself substantial qualified Ministry of Finance.
Under the new Government Gazette 94A / 2015, p. 935, repealed paragraph of Article 2 of Law. 4276/2014 (A 155) and para. 7 of Article 2 of Law. 2160/1993 (A118) from November 1, 2015 . What this means is that abolished conditions and the terms for giving the Specific Signal Operation at tourist lodging and the definition of tourist accommodation whereby not arise until recently short-term lease in this class. Therefore, to individuals minus the significance of Special Operations Signal EOT opens the way for short term property leases on the grounds of the legislature. Law Foundation 4276/2014 and in particular with Article 2 par. 1, the legislator considered the property being rented for a temporary stay of the renter (for less than thirty days) as "accommodation."
Under the law that was older to hire someone home owners had either received special arrangement between the two parties does Special Signal Operation as tourist lodging or hiring. In all other cases, the offenders were facing the threat of a fine of 50,000 euros.
Finally, it really is noted, that for the further clarification of other questions, concerning particular income tax issues, taxation in Greece actions of peer-to-peer platforms and tax audit of these actions, the competent institution to answer on the General Secretariat public Revenues, given that all kinds of tax policy issues under the responsibility of the Ministry of Finance, the association to which additionally this question "addressed.
POL.1069 / 23.03.2015 explanatory circular, the provision of any service by the lessor when urban property leasing (eg, cleaning, storage, etc.) makes the generated income as income from business activity, which is subject to the appropriate tax laws of the Ministry of Finance [the question of how to declare this income when the tenant is a foreigner who doesn't have a VAT number, answer appears at first to give the POL.1230 / 14.10.2015].
In any case clarified the abolition of the time limit of 30 days for the depiction of a lease as a 'tourist' will not imply in any case the abolition of rented room-flat (EYID) as tourist lodging.
The Fortune magazine contacted EOT, and according to the tips up to now, properties that are let for temporary use are no longer based on the abolition of these earlier articles to be regarded as tourist accommodation. Bureau sources stressed that since mnimoniakes dedications apply, then opens the way for the letting of property even for a couple of days, but the same sources believe that the landscape stays cloudy and likely will require affiliated efarmostikoi laws that will sort out the landscape on several issues that have to do with the co-ownership, the undivided property, etc. and the safeguards to accompany the new law.
Based on Greek tax law, property owners who wish to rent must continue with the timely electronic record of the data of the lease through on-line implementation of e-Government Directorate (D.ILE.D.) to the site www.gsis. Gr for receiving the unique quantity of the lease registration.
Feeling EOT stays for people may delay the process and that this issue will directly apply the Tourism Ministry on legal entities. Supposedly, the ministry action group has recently undertaken the end of the endeavor, but there is now anything new on its final form.
Specifically, an individual who wants to carry on the farm let rooms-apartments as tourist accommodation of Article 1. 4276/2014 (A 155) will be authorized by the territorially competent licensing and supervisory authorities, ie the Regional Tourism Services taking the planned Special Signal Operation (E.S.L.). Additionally, tourist furnished houses and villas, operating in accordance with the provisions of Article 46 of N.4179 / 2013 may continue to run under this system, in accordance with the prescribed conditions.
It stressed that the issue involved two most ministries, namely the Ministry of Tourism and the Ministry of Finance, but according to facts so far, if an owner has a lease contract less than 30 days, then this really is considered legal under what the law states on urban property and urban leasing. Just upon presentation of their passport, renting through platforms kind Airbnb theoretically more permitted for legal reasons, without using AFM whereas tenants from abroad can conclude lease contracts. Suffice it to support or refute the legislature through circulars or specific appropriate laws which have not been made known.

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