Entry into force: 24/12/2020
LARGE LANDORS: In the event that the landlord is a large landlord (10 or more properties) if the parties do not reach an agreement, the tenant can choose between the following alternatives:
A.- A 50% reduction in the rental income for the duration of the state of alarm, its extensions, and up to a maximum period of four additional months from the end of the state of alarm.
B.- A moratorium on the payment of the rent for the duration of the state of alarm, its extensions and up to a maximum period of four additional months from the end of the state of alarm. Deferred payment of rents may be made for a period of two years from the end of the moratorium.
NON-LARGE HOLDERS: it is intended that individuals who rent the premises in which certain economic activities related to the tourism sector, hospitality and trade are carried out voluntarily agree on income reductions for the months of January, February and March 2021 , allowing the amount of the reduction in rent agreed during these months to be calculated as a deductible expense for the calculation of the return on real estate capital. It takes effect from January 1, 2021.