What is the difference between renting your apartment to a corporation (or other entity) and to a natural person? There are of course numerous differences, but we would like to emphasize two important items that every lessor should keep in mind.
1. Billing
Since all companies, corporations or other entities have to account for all of their expenditures/costs, they can only rent apartments from owners, who may issue out bills with appropriate format.The range of potential tenants is significantly reduced if we fail to take this into account.
2. Companies are obliged to pay taxes for the property owners
If the lessee is a company is and the lessor is a natural person the company is obliged under the Hungarian law to pay taxes on behalf of the owner. In practice, this means that the amount the tenant/lessee will transfer every month to the lessor will be reduced by the amount of the tax advance payment.The Tax Office is liable to give the owner a certificate for the tax payment so that the owner can use that certificate in the preparation of his personal income tax return at the end of the year.
Source:
towerbudapest.com
