Real property law
Losses offset for legal entities too
The government has decided to include legal entities that lease out properties to companies benefiting from the 80% rent cut in its landlord support program, as it realized that they too have suffered a huge blow.
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Gov't announces fresh cut to commercial rent
More than 200,000 enterprises will pay just 20% of their pre-crisis rent in January and February 2021. According to what Prime Minister Kyriakos Mitsotakis told Parliament on Tuesday, the measure will concern enterprises forced to stay shut during the festive season.
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Tug-of-war between landlords and traders
Retail is expected to enter a period of major restructuring in the coming months, as the coronavirus crisis that came hot on the heels of the financial crisis of the 2010s is bringing commercial store owners and shopkeepers into conflict.
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National database for property rentals
The Finance Ministry is in the process of creating a data bank for all active property rental contracts across Greece.
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Athens cadastre goes online on Monday
As of Monday, the Hellenic Land Registry website www.ktimanet.gr is to start posting cadastral data for the Municipality of Athens. Authorities are calling on more than half a million citizens who have declared ownership of properties within the municipality to check the accuracy of the data recorded ahead of its finalization.
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Athens cadastral data goes online starting from June 1
Cadastral data for the Municipality of Athens will start being posted online as of June 1 on the Hellenic Land Registry website.
Landlords worried over their lost revenues
Property owners have serious concerns about the level of the compensation they will get for their revenues lost to the 40% rent cuts instructed by the government in favor of the companies and employees hurt by the pandemic. They also want to know how, precisely, they will be compensated.
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Third of rental losses covered
The state will cover only a third of landlords' losses from the 40% rent reduction for tenants who were hurt professionally by the coronavirus measures.
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Police evacuate migrant squat in Exarchia
Greek police evacuated about 50 migrants from a squat in the central Athenian district of Exarchia during a raid early Monday morning, state-run news agency ANA-MPA reported.
According to information cited by the agency, the migrants are mainly from Syria and Congo and included more than 10 children.
The building on 58 Themistokleous Street had functioned as a squat since 216.
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More market distortions
The government must do everything in its power to help prop up businesses that have been harmed by the coronavirus lockdown measures. However, it cannot continue to intervene to such an extent forever, altering the terms of contracts and agreements, as it did over the issue of rents.
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