Definitive charge shall enter, from 1 October, the payment of the rent cash will now be made exclusively through the banking system.
The implementation of the arrangement was originally scheduled for April 1st, but the Ministry of National Economy and Finance gave a six-month extension to complete the necessary technical adjustments and the interconnection of the systems with the new Property and Property Management Register (IDD) of ADE.
As the information states, no further extension will be given and so as of 1 October any rent payment should be made exclusively through a banking system, either by transfer of money via e-banking, or by depositing into a bank account, or by fixed order.
The bank receipt will now be the only evidence of repayment of the rent, while cash payments will not be recognised as legal repayment.
The tenants should declare the bank account (IBAN) to which the rents will be paid through the procedures provided for by the ADE. At the same time, the account should be in the name of the owner, while in the case of a joint account the tenant should appear as the first beneficiary. In cases of co-ownership a declaration of the respective accounts for each co-owner shall be provided.
What applies to offenders
With regard to cases which do not comply with the law, the owners are expected to lose tax benefits, such as the 5% deduction on rent income, since it does not prove that rents were paid through a banking system.
Renters who do not make payments electronically may lose rights related to State aid or refunds requiring the electronic recording of the transaction.
