It's a residential lease with a 3-year initial term plus a 2-year extension, at a rent capped by a local agreement between landlord and tenant associations. The rent is usually below market in exchange for tax benefits.
Landlords get a better cedolare secca rate (often 10%) and IMU discounts. Tenants get a longer-term contract at a more controlled rent and certain tax bonuses on their 730.
"In Bolzano, where canone concordato is widely used, Greta's 3+2 lease kept her rent stable for years while her landlord enjoyed the 10% flat tax."
The legal protections only kick in if the agreement is certified by the local tenant and landlord associations. Without that endorsement, the contract isn't a true canone concordato.
Official source
Agenzia delle Entrate
Thanks, we'll take a look.
If you left an email, we'll reply when there's something to say.