The lease contract for residential use is that particular type of lease relating to properties that are leased for the purpose of being inhabited by the tenant or his family. It finds its discipline in law 431/1998 and, limited to the articles not repealed, in law 392/1978.
The registration of the lease of a residential property is mandatory, whatever the amount of the agreed rent, if its duration exceeds a total of 30 days in the year or if formed by public deed or authentic private writing. In the ordinary tax regime, registration tax and stamp duty are due at the time of registration. Furthermore, the income deriving from the lease will contribute to form the total income of the lessor for personal income tax and additional. Registration must be made within 30 days from the date of stipulation or from its effective date (whichever is earlier).
PWS helps the client with the drafting of the lease and subsequent registration with the Revenue Agency as required by law.