A new extension to the mandatory payment of rent through the banking system is in the works, as significant delays in activating the Property Ownership and Management Registry (MIDA) are disrupting plans for the measure to take effect on October 1, 2026.
Why the mandatory bank rent payment start date is being pushed back
The digital platform — through which an electronic file will be created for each property and lease details will be registered — has not yet been launched. At the same time, the ministerial decision specifying exactly how rent payments through banks will be processed remains pending.
Given these circumstances, sources indicate that the Ministry of National Economy and Finance, along with the Independent Authority for Public Revenue (AADE), are considering postponing the start date. The Panhellenic Federation of Property Owners (POMIDA) has also formally requested an extension, stressing that mandatory bank rent payments are directly linked to the MIDA platform. As the federation points out, the application must first be activated and property owners’ bank accounts registered before the new framework can come into force — only then will monthly rent payments be effectively verifiable.
What POMIDA is demanding on mandatory bank rent payments
Specifically, the Federation is calling for a legislative extension of at least six months from the date the new MIDA lease information declaration application becomes operational. It is also renewing its demand for specific exemptions from penalties.
Among its proposals, POMIDA is requesting that rents of up to €500 per month be exempt, along with leases between parties over the age of 70, cases where rent has already been paid in advance, and rents that have been seized or assigned to third parties against a debt. An exemption is also sought for amounts deposited with the Deposits and Loans Fund, provided that this method of payment is not explicitly recognized as an accepted form of rent payment.
POMIDA is further calling for clarification on co-ownership arrangements, so that rent may be paid into a joint account held by co-owners, or into the account of one co-owner or an authorized third party, provided this has been declared in MIDA. A similar provision is proposed for rents collected through attorneys, lawyers, property management companies, or other authorized representatives.
It should be noted that electronic rent payment will come with penalties for non-compliance. Tenants who pay rent in cash will lose their annual one-month rent reimbursement, as well as any state housing allowances or subsidies tied to rental agreements. Property owners who continue to collect rent in cash will lose the 5% tax deduction on their rental income, ultimately facing a higher tax bill.
Where the MIDA registry got stuck
Technical difficulties and interoperability issues are holding up MIDA’s activation, as the new system is required to interconnect data from multiple separate government databases. At the heart of the problem is the need to match the 11-digit ATAK property identifier — derived from the E9 tax declaration — with the 12-digit KAEK code used by the National Cadastre, as well as linking records with data from the Hellenic Electricity Distribution Network Operator (DEDDIE). These are systems built at different points in time that do not always use consistent data or the same classification methods, resulting in significant mismatches.
The problem is most apparent in property records, where discrepancies in square footage frequently exist between the E9 declaration, the Cadastre, and the Building Electronic Identity. Reconciling and cross-referencing this data is an essential step before the platform can go fully live, in order to minimize errors and incorrect entries.
An additional complication arises from the inclusion of leased agricultural land in MIDA, with the aim of cross-checking this data against OPEKEPE declarations and agricultural subsidy records. Matching agricultural land parcels with Cadastre data is a far more complex process, significantly increasing the volume of records that must be verified and reconciled.
