Dry coupon or agreed fee?

Article published on August 5, 2025 on homacoop.it; the data refer to that date.

Rent taxation: advantages and differences between a dry coupon and an agreed rent

In the housing rental market, one of the most important decisions for a landlord is the choice of the tax regime that best suits their property and their return strategy. Between dry couponandagreed rent, the differences are substantial and affect taxation, red tape, net return and contractual management.

In this updated guide to 2025, we analyze the two options in detail and offer practical tools to help you choose mindfully.

What is a dry coupon

The dry coupon is an optional regime that allows the landlord to replace:

• Personal income tax and related add-ons
• Registry setting
• Stamp duty

with a single replacement tax.

2025 rates:

• 21%on contracts atfree fee (4+4)
• 10%on contracts atagreed rent (3+2) in municipalities with high housing tension or with lack of housing availability

Key requirements:

• Residential property (cadastral category from A1 to A11, excluding A10)
• Regularly registered contract
• ISTAT increases cannot be applied during the term of the contract

Advantages:

• Tax simplification
• Concessional rates
• No down payment or personal income tax balance
• No cumulation with other incomes

Disadvantages:

• No possibility of revaluation ISTAT
• Not always convenient in case of low incomes with many tax deductions

What is the agreed fee

• The agreed rentis based onterritorial agreementsconcluded between landlord and tenant associations, validated by municipalities. These agreements define theminimum and maximum valueswithin which the fee can be determined. Types of contract:3+2 housing contract Contract for university students (6 months - 3 years) Transitional contract (1 - 18 months)Where it applies: Municipalities with high housing tension (art. 1 Ministerial Decree of 16 January 2017) University cities Urban centers with high housing mobility Tax advantages:Dry coupon rate reduced to 10%Personal income tax deductions if you do not opt for the couponReductions on IMU and TASI(up to 25% or more, depending on the municipalities) Concessions for the tenant Attention: The fee is not free but calculated on parameters fixedcertification is required by the associationsthat sign the local agreements The contract must comply with aministerial format

When to choose one or the other regime?

Here are some practical situations to help you find your way around:

Practical comparison: profitability simulation

Let's imagine a property in Turin rented for 800€ per month. Here's how the taxation changes:

▪️ 21% dry coupon (free contract):

• Annual fee: 9,600€
• Replacement tax: 2,016€
• Net income: 7,584 €

▪️ Agreed fee 3+2 with 10% dry coupon (maximum expected fee: 700 €/month)

• Annual fee: 8,400€
• Replacement tax: 840€
• Net income: 7,560 €
• any IMU and TASI relieves

Conclusion: despite the reduced fee, the subsidized regime guarantees a similar or higher return, especially in cities with high local taxes.

Requirements and bureaucratic aspects

For the dry coupon:

• Option to be communicated upon registration (RLI model)
• No stamp or registration tax
• It must also be indicated in the tax return (RB table)

For the agreed fee:

• Contract drawn up on a ministerial model
• Fee calculated based on territorial agreements
• Requirement of certification on the part of a signatory organization
• Possible request for IMU concessions from the Municipality

Do you need help finding your way around?

Each city has its own rules, each property has its peculiarities and each owner has its own needs. For this reason, HOMA — through the Cerco Alloggioservice — providesexperienced consultants active in the main Italian university cities.

We offer you support on:

• Choosing the most advantageous contract
• Calculation of the agreed fee
• Drafting and registration of contracts
• Complete management of the lease, even with a rent formula

Contact us in your city and find out how to rent efficiently, legally and profitably.

More info on www.homacoop.it and www.cercoalloggio.com

This text is an automatic translation from Italian, produced with artificial intelligence (Amazon Translate).