Easily Replace EU Currency Field in the Lease Renewal

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How to Replace EU Currency Field in the Lease Renewal

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Victoria just sent me a question apparently she doesnt want to renew her tenants lease uh but shes afraid if she gives the tenant notice that the tenant is going to stop paying rent so uh shes asking if she should give the tenant a month or two notice uh or uh if I think she should just not give the tenant any notice um I mean thats a really tough question because you really cant give the tenant no notice that just would be really horribly unfair can you mention somebody telling you at the last moment that hey by the way tomorrow you uh have no place to live um and I mean that would just be a really horrible thing to do I mean I understand a tenant not paying your rent would be a really horrible thing to do too uh but you know two wrongs dont make a right and um not getting rent would be devastating and really damaging but not having a place to live tomorrow would even be more so and then legally youre on a really bad footing so your lease should detail how much notice each par

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Is surcharging legal in Europe?

Card surcharges are not allowed Youre not allowed to charge your customers extra for using a credit or debit card. This applies to all card purchases (in shops and online) made throughout the EU.

How does PSD2 affect banks?

As part of PSD2, businesses must provide stringent SCA for customers paying online from within the European Economic Area (EEA), whether its a recurring fee or a high-value transaction. Issuing banks will refuse non-compliant transactions, so you dont want to get it wrong and lose revenue.

What does PSD2 cover?

PSD1 and PSD2 protect consumer rights in the event of unauthorised debits from an account under certain conditions. A direct debit is a payment that is not initiated by the payer, but by the payee on the basis of consent of the payer to the payee.

What is PSD2 in simple terms?

PSD2 is an EU law that has paved the way for open banking. It gives customers the right to access their payment accounts and initiate payments via third parties. It also requires online payments to be compliant with Strong Customer Authentication (SCA), with the use of two-factor authentication (2FA).

Does Europe use checks?

In continental Europe creditors are paid electronically, not by check. All service providers give their bank account number to the person requesting the service. The service is then paid for electronically by a bank transfer from the account of the payer.

What are the obligations of banks in PSD2?

PSD2 requires banks to implement multi-factor authentication for all proximity and remote transactions performed on any channel to protect the consumer. This obligation means using two of these three features: Knowledge: Something only the user knows, e.g., password, code, personal identification number.

What does PSD2 mean for banks?

Put simply, Payment Services Directive Two (PSD2) is a piece of legislation designed to force providers of payment services to improve customer authentication processes and to also bring in new regulation around third-party involvement.

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