The sharing economy, meaning an open market for the temporary use of goods or services via a digital platform, is a particularly innovative economic activity, involving three parties: individuals who occasionally offer goods or services, those who use these goods or services, and above all, the platforms, that act as mediators in these transactions. in this context, short term real estate leases are concluded for a specific period of time, for less than one year. The types of real estate that can be leased using this procedure are: a) apartments, b) detached houses (other than those that have been characterized as such, due to the abolition of the establishment of horizontal property), c) any other form of housing, with structural and functional autonomy d) rooms in apartments or detached houses.
Short-term real estate lease in the framework of sharing economy is possible under the following conditions:
Registration of the property manager (natural person or legal entity, or any other legal entity, owner, possessor, landlord or sub-tenant or any third party, who undertakes the promotion of the property on digital platforms) in the “Short Term Stay Registry” that is kept by the Independent Public Revenues Authority (IPRA)
Compulsory indication of the registration number in the Short Term Stay Registry in a visible place, in the post on digital platforms, as well as any other promotion means
In case there is an Authorized License of the accommodation, there is a similar responsibility to indicate the Authorized License number in the property post, without the requirement to register it Short Term Stay Registry.
Registration in the Short Term Stay Registry is mandatory for each individual leased property.