A Systematic Review

Short-Term Renting is a popular practice in the real estate industry, especially in tourist areas. This term refers to renting a property for a short period of time, ranging from a few days to a few months. It mainly trades through platforms like Airbnb, Booking and others, offering owners the opportunity to earn passive income. In order to publish the properties successfully on these platforms, it is now necessary to present the AMA and KAEK numbers.

Property Registry Number (AMA) (PRM)

ΑΜΑ is a unique code assigned to every property in Greece. This code is used for identification, registration in national databases, as well as for tracking tax obligations related to the property.

Based on short-term rental, there are three categories of AMA:

1. AMA Owner Manager:
   • The issue is done electronically with TAXISnet codes.
   • Necessary information: ATAK number of the property, and in the case of a partial lease, the relevant sq.m.
2. AMA Non-Owner Manager:
   • The landlord submits a Property Lease Information Statement.
   • The Property Manager-non-owner registers the property in the Short Term Accommodation Registry.
3. AMA Beneficial Manager:
   • The process is done electronically by the usufructuary of the property.
   • Necessary element: ATAK number of the property.

It is important to note that the AMA differs depending on the status of the user (owner, non-owner, beneficiary) and is obtained by submitting relevant declarations and using personal TAXISnet codes. Registration in the Short-term Residence Register is achieved by choosing the appropriate property and registering the necessary information, such as ATAK, for the best classification of properties.

For the AMA Owner Manager, the electronic version allows direct registration using the TAXISnet codes. Accordingly, the AMA Non-Owner Manager requires the submission of a Property Lease Information Statement by the owner, after which the Property Manager registers the property in the Short Term Registry.

For the AMA Beneficiary Administrator, the process includes the submission of the necessary data by the beneficiary, using TAXISnet personal codes. Here, the ATAK of the property is the key element required for the granting of the AMA.

An important point of caution is that the AMA cannot be acquired by someone with only a freehold title. The status of Property Manager and the acquisition of AMA are only possible with the status of Sublessor.

In cases of partial tenancy, where there is more than one tenant, each one has the possibility to register in the Short-term Accommodation Register and obtain his own AMA. A critical condition is that the property will be posted by each different tenant on a different platform.

The AMA system is an essential tool for the transparency and supervision of the Short-Term Rental industry, ensuring identification, recording, and monitoring of the relevant legal and tax obligations. Owners, non-owner managers and beneficiaries can thus effectively utilize this system to easily and legally manage their properties.

For more information you can contact our partners KRS or read this article .

Code Number of the National Land Registry

In the land registry, the recording of real rights is recorded based on the property, i.e. the search is done not with the person, as is done in the mortgage registers, but with the property. Each property has been marked with a unique number, the so-called National Cadastre Code Number (KAEK), which is the exclusive code number for each plot of land, the identity of the property.

What is KAEK?

K.A.E.K. is a twelve-digit number that uniquely identifies any parcel of land in the Greek area.

The first two digits of the code identify the Prefecture in which the plot of land is located. The next three digits identify the Municipality or Community within the reference prefecture, the next two identify the "land management sector", the next two identify the "land management unit" while the last three digits constitute the serial number of the parcel within the unit.

KAEK is unique for each property and accompanies it for all transactions that will be made and concern the specific property, it is considered the property's tax identification number and follows the property in all its transactions. If the property is altered in any way and its form changes, e.g. is partitioned and split into 2 parcels of land or 2 parcels of land are merged into 1 then new land parcels are created for the new parcels of land that follow them in the transactions that will be made from now on in these parcels, while the old parcel of land remains in the cadastral books, although it is characterized as HISTORICAL PROPERTY, but no transactions can be made in this KAEK since it has been abolished as an independent parcel of land, but it is kept for the information of interested parties.

How can I find the KAEK number?

There are two ways to find the KAEK of your properties if you don't already have it in your file.

1) Through the electronic services of the National Land Registry at the following link:

https://www.ktimatologio.gr/el/e-services/civilians

2) Through the current Land Registry office of your area.

Summarizing:

As a final step, the only thing left after obtaining the above numbers in the ways we mentioned, is to fill them in the short-term rental platforms. Usually the fields to look for are under “general accommodation information” or “rules and regulations”.

Within a short period of time and after being confirmed by the platforms, your accommodation is ready for your first bookings!