Geneva: some subsidies refused if leases are terminated for renovation (draft bill)
Draft bill PL 13773 would refuse certain energy subsidies if leases in the building were terminated because of the works. This article will be updated as soon as an official text confirms what became of it.
Bill before parliamentThe text may still change before it is adopted.
What would change
- The subsidies under paragraphs 6 and 7 of Art. 15C of the Geneva Energy Act (LEn) could not be granted if leases in the building were terminated because of the works: refused if the leases were terminated before the authorisation application, repaid in full if they were terminated after the authorisation application was granted.
Who it concerns
- OwnersLandlords in Geneva: under the draft, terminating leases because of the works would cost these subsidies, or require repaying them in full.
- InvestorsInvestors renovating rental buildings in Geneva: under the draft, any lease termination because of the works would cost the subsidies, either through refusal (termination before the authorisation application) or full repayment (termination after it was granted).
The official text
« Les subventions visées aux alinéas 6 et 7 ne peuvent être octroyées si des baux de l’immeuble concernés ont été résiliés au motif de la réalisation des travaux »
« Si des baux ont été résiliés avant la demande d’autorisation, l’octroi de la subvention est refusé »
« Si des baux ont été résiliés au motif des travaux après l’octroi de la demande d’autorisation, le montant intégral de la subvention doit être remboursé »
What we do not know yet
- When we checked, no adopted law on this draft had yet been published on the Grand Council’s website; the text finally voted may differ from the draft as filed.
- Under the draft as filed, the law would enter into force the day after its promulgation in the official gazette (Feuille d’avis officielle).
- The draft does not specify which authorisation is meant.