Tenant's Guide

to renting in Cyprus

The Tenant's Guide To Renting Property In Cyprus.

Cyprus Long Lets
Tenants Guide
1
Tenants Guide Cyprus

This guide was made to inform you of your rights and responsibilities when renting/leasing property in Cyprus. There could be a million reasons why you would want to rent in Cyprus instead of buying, but we'll get into those another time.



Before you start:


There are a few things to consider before even beginning to look for a property:

  • How long do you want the property for? A standard Long Term Rental term in Cyprus is a minimum of 1 year. Some also offer 6 month rentals (either summer or winter seasons) but expect a slight rise in rates. If you're looking to stay for over 2 years, you can use that as a bargaining chip.
  • How much can you afford? It's recommended to spend less than 35% of your income on rent. However, other factors, such as children or other dependants, need to be considered too. Don't over-do it.
  • Decide which area you prefer! Chances are, proximity to your work or good schools will be top of your list. Browse this site to get a feel for prices in each area. Will it benefit you to live outside of town for cheaper rent?
  • What kind of property do you need? You've probably got that figured out already, but think about the space you'll need, including space for your car, pets or children.



The search is on:


Browse this site from head to toe if you need to. Get a nice feel for the areas and average prices within. We encourage landlords and agencies to use this site with complete transparency, so you shouldn't be greeted with any surprises. Look carefully though the listings and go through all of the pictures and features before making an inquiry. Don't wait too long though, the good ones go fast!
NOTE: If you find anything on this website that you feel is dishonest, please report it to use as soon as possible.



Negotiation:


A good businessman will tell you that anything is negotiable. That may not always be the case when renting property unless you have something else to bargain with (maybe you're willing to take the property for a long period, or maybe you have gardening skills to mention?). A good landlord, however, will probably have a comfortable price in mind which benefits both. If it's a good deal, it's a good deal! No harm in trying your luck though.



Before entering the contract


Check and Double-Check! Make sure that you inspect the property thoroughly including its furnishings and anything else that is included. These are few often forgotten:

  • Air Conditioning Units (if applicable)
  • Kitchen Appliances (if applicable)
  • Bathroom Plumbing (including toilet flush)
  • Exterior/Interior Lighting
  • Electronics (if applicable)
Should anything major be wrong, you should find it now. Any/All issues should be mentioned and amended to the contract BEFORE signing, including the plan (if any) to have the issues repaired. Make sure that every little detail is added and shown to the landlord/agent beforehand.



Security Deposit


The 'norm' in Cyprus is to pay 1 MONTH's rent as a security deposit. These funds will be held by the landlord/agency foir the duration of the contract and refunded at the end of the term as long as all is in order. The security deposit will cover:

  • Damages to the property
  • Missing items from the property
  • Outstanding rent payments
  • Outstanding utilities (see Utilities for more information)
  • Costs to the landlord for early departure (early termination of the contract)
At the end of your contract, the property may be inspected to ensure the standards have been met. It should be found in the exact same condition as it was when the contract began. Don't forget the extras to the contract which were added earlier indicating any issues. Once the property has been found to be in good standing order, the deposit should be refunded to you INSTANTLY via the same payment method you paid it in.


Advice: If a landlord or agency requests more than 1 month's rent as a security deposit, ask why! A landlord's past experience with 'bad tenants', for example, is not your problem nor your responsibility. Unless they have a genuine reason to request more than the standard 1 month, walk away!



Creating and Signing a Contract


It will be the landlord's responsibility to have the contract drawn up. Once completed, make sure that you read through it thoroughly. Take your time and don't rush into it. If anything needs to be amended, have the contract redrafted. Make sure that any imperfections found when you inspected the property have been mentioned in the contract, as well as any responsibility to fix them (if applies). It is recommended to name every occupant over 16 in the contract, as you may need to show it as proof of residence.
A contract in Cyprus MUST be written in Greek or English to be valid. Contracts in ANY other languages will not be accepted in court. Contracts must be signed by ALL parties on EVERY PAGE. Make sure the contract mentions who you pay the rent to and how.



Payment of Rent


Payment of the fixed rent amount should be made monthly and IN ADVANCE, usually within the first few days of every month. This is normally stated in the contract. The first installment should be paid on the day the contract begins with the exchange of keys. If you initiate the contract in the middle of the month, and the future rent is paid at the beginning of the month, it is customary to pay the half month pending AND the following month in advance. Whilst we always recommend payment via a digital method (direct debit, for example), many here in Cyprus pay their LandLords in cash. If you do pay in cash, make sure you get a receipt in hand.
Failure to pay the agreed monthly rent on time may result in legal action and/or eviction.



Utilities & Bills


Normally, it is the tenants responsibility to hold utility contracts in their name. The landlord with generally accompany you to the corresponding electricity and water boards to sign the contracts into your name. In both cases, cash deposits are usually required payable to the companies themselves. It will then be your responsibility to pay these bills.
It will then be your sole responsibility to contract Internet, Digital TV or any other service you will require.
Pool/Gardening maintenance may be required professionally to uphold a builders warranty. These fees should be negotiated and stated in the contract before it is signed.



You will be responsible for:


For the duration of the contract, your responsibilities may include:

  • General cleaning and upholding the property as well as any furnishings
  • Upholding the gardens to a 'reasonable' standard (unless agreed otherwise)
  • Replacing/Fixing any damaged items
  • Behaving responsibly and not causing conflicts with neighbours
  • Waste Disposal
  • Payment of all utilities and taxes (which applicable)
  • Payment of rent within the agreed time period
  • Maintaining the property to the same standard it was given to you (or better)
  • Maintaining electrical appliances (where applicable)
  • Periodic cleaning of mattresses, sofas and other furniture
  • Upholding the decor of the property
In short, look after the property as if it was your own. You are now responsible for the property as well as anyone invited inside.



Your landlord will be responsible for:


The landlord has responsibilities too. These include:

  • Periodically servicing appliances (where applicable)
  • Replacing/Fixing faulty goods (where broken down, worn or otherwise which has not been caused by you)
  • Ensuring electrics and plumbing are to a legal standard and are working correctly
  • Ensuring hot water system is running
  • Maintaining the structure and fittings on the building
  • Payment of mortgages, taxes, community charges or any other bills which are not your responsibility
  • Reporting anything which may affect your contract
Should you have an issue with the property which falls outside of your responsibility, you should report the problem to the landlord or agency as soon as possible for the issue to be resolved.



Leaving The Property


At the end of the contract, you should vacate the property (if a renewal plan has not been made). You MUST make sure that you give the property back to the landlord in the same condition it was given to you or better. This may mean repainting, cleaning and any repairs before the due date. If utility bills are in your name, the landlord should accompany you to the electricity board and water board to cancel the contract (this may have to be done a few days before). The landlord or agent should inspect the property for any damages that were not repaired. Once satisfied that the property is in good standing order and there are no outstanding debts, you will then proceed to make the final exchange. You will surrender all rights to the property and return the keys (as well as any duplicates that have been made) and ensure that your personal belongings have been removed. In turn, the landlord or agent will refund your security deposit IN FULL via the same method you paid it. Should there be any damages or items missing from the property, the landlord will deduct the replacement or repair value from the security deposit before returning it to you.



Renewing your contract


If you are happy there, you may wish to renew your contract. Once again, it is the Landlord's responsibility to have a new contract drawn up. The monthly price may ONLY rise by the GRI (General Rate of Inflation) at this time, unless you mutually agree otherwise.



Insurance


Whilst it is generally the landlord's responsibility to insure the structure of the property, it is likely that contents are not covered. Many insurance agencies can provide 'contents insurance' or 'renters insurance' which would cover your property and valuables should the worst occur.

1 comments.

Johnny
4 years ago
Great article, very informative

leave a reply.