Law and taxes
Paying Rent via Bank in Greece: New Rules Postponed to July 1, 2027
Postponement of Mandatory Bank Payments for Rent
The process of paying real estate rent in Greece is changing. Under current regulations, mandatory rent payments via bank account will take effect from July 1, 2027. Originally, the introduction of the new rule was planned earlier, but Greek authorities have officially pushed back the effective date.
The changes apply to individuals, companies, and other legal entities, aiming to increase transparency in the rental market.
What Will Change for Tenants and Property Owners
Once the new requirements come into force, rental payments must be processed through the banking system. For both owner and tenant, the bank transaction will serve as clear confirmation of payment.
This is particularly important for owners of investment property in Greece who rent out apartments, houses, and villas long-term.
AILIT Group has already covered contracts, tenant management, and landlord protection in detail in a separate article:
Property Management in Greece: How to Protect the Owner When Renting Out
Why Paying Rent via Bank Matters
A bank transfer establishes a clear transaction history between both parties. It makes it easier for owners to confirm rental income receipts, while tenants receive proof of payment.
Proper payment organization is especially relevant for foreign property owners located outside Greece who delegate property management to a third party.
Read more about property management services:
Property Management in Greece for Foreign Owners
What Property Owners Should Do in Advance
Before July 1, 2027, landlords should review their lease agreements, bank details, and payment procedures. Depending on your specific tax situation, it is wise to consult an accountant or lawyer in Greece ahead of time.
For an investor, proper property management is just as crucial as choosing the real estate itself. Yield depends on the lease agreement, tax structure, expenses, property condition, and landlord-tenant relations.
AILIT Group — Real Estate and Management in Greece
AILIT Group supports clients at all stages of dealing with Greek real estate — from property selection and purchase to construction and ongoing management.
If you are planning to buy real estate in Greece for rental purposes, acquire an investment property in Crete, or handle the management of an existing property, get in touch with our team:
AILIT Group — real estate, construction, investments, and property management in Greece.