Home Economy Short-term lease: EU proposes new ‘register’

Short-term lease: EU proposes new ‘register’

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Short-term lease: EU proposes new ‘register’

In creating a simple online registration process for the hosts they manage. real estate through digital short-term rental platforms the competent authorities should act within the framework of the proposal for regulation officially approved yesterday by the European Commission.

As stated STAMA (Short Term Property Association) The regulation aims to create simplified data collection and reporting obligations for hosts and online platforms, replacing the current disparate and complex rules that apply in individual member states.

The new rules should complement existing tools, such as the Digital Services Act or the Tax Administrative Cooperation Directive (DAC7), which already provide public authorities with certain tools and data. Once the registration process is completed, hosts will receive a unique registration number that will allow them to start their business.

At the same time, it should be emphasized that this intervention European Commission this does not negate the ability of national and local governments to develop rules and policies for short-term rentals to address, for example, urban planning, security and taxation issues. However, according to STAMA, any interventions must “observe the principles of reasonableness and proportionality enshrined in the EU directive. for services. The data collected as part of this proposal should allow government agencies to better assess the situation on the ground and adopt more targeted and proportionate regulations. The new rules also state that public authorities are responsible for establishing a registration system.”

Existing registration systems at the national, regional or local level may be retained, but they must comply with the requirements set out in this proposal. For example, government agencies should enable electronic registration and assign a unique registration number to each facility (eg AMA).

According to STAMA, the proposal of the Commission will be discussed with a view to its approval by the European Parliament and the Council in a year. After approval and entry into force, Member States will have another two years to establish the necessary mechanisms for data exchange. In essence, that is, these changes will begin to be felt in the market in about three years from today, in the fall of 2025.

Today in the EU, 1.3 million property owners work through Airbnb. In fact, 1 million of them manage only one facility, i.e. are small owners, not professional management companies. Contribution of relevant activities to all EU countries. before the pandemic, it was estimated at 19 billion euros.

Author: Nikos Rusanoglu

Source: Kathimerini

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