9/9/2024

The Greek government is preparing a new tool called “Tiresias” for tenants. Its goal is to help property owners avoid tenants who do not pay rent or leave unpaid bills.

As Alexis Patelis, the head of the Prime Minister’s economic office, stated in an interview on SKAI TV, this tool will include data on tenants and their profiles. Specifically, if they have failed to pay rent to a previous landlord or have left unpaid bills, property owners will be able to avoid such tenants.

According to the plan, this new electronic platform, being developed by the Hellenic Revenue Authority (ΑΑΔΕ), will contain all the information on taxpayers’ real estate. The registry is expected to be completed in the fall, and its connection to the Cadastre data will be finished by the end of the year.

What will the new electronic file include?

The new electronic file on taxpayers’ properties will contain:

– Data from the electronic “Real Estate Register,” created based on E9 declarations from individuals and legal entities. This data will be transferred without taxpayer intervention. Property owners will then be able to check their property information and, if they find discrepancies or omissions, make corrections.

– Information on rental properties, which will be sourced from the ΑΑDΕ’s electronic platform for rental agreements, as well as from the E2 tax declaration forms, which record rental income received by taxpayers.

Tenants will also have access to the new application, where they can view the property they are renting. If they discover discrepancies (for example, if the declared rent is lower than what they are paying the owner), they will be required to report the rented property and the rental payments.

This innovation is beneficial for investors who buy properties to rent them out. Thanks to the electronic tenant verification system, investors will be able to identify potential issues with payment reliability in advance and avoid working with problematic tenants. This significantly reduces the risk of income loss and boosts confidence in the long-term profitability of real estate investments.