Reasons to Register Your Property
Legal Obligation
The new law comes into force on 11th May 2016. From now on, all the properties intended for rent will have to be registered.
Loss of Income
If your rental property is not registered, you cannot rent it out. So you will miss out on earning €s.
Big Fines
Registering the property is not expensive, avoiding it is. You can be fined up to €18,000 for non-compliance.
On the web? Easily Found
Computer programs will scan the internet and show up offenders, they can catch you without lifting a finger.
Tax investigation
The government will be investigating those who rent and making sure they are paying tax on their profits, if not you will be investigated.
No Code, No Advertising
If you want to advertise to tourists you will need the registration code, or your listing will be taken down, that simple.