In Cyprus, the typical lease term for rental properties is 12 months, although shorter and longer lease agreements are also possible. Most landlords prefer a 12-month lease as it offers stability and a long-term commitment from tenants. However, some landlords may agree to shorter lease terms, especially if the rental property is in high demand.
Furnished and Unfurnished Rental Properties in Cyprus
Furnished rental properties in Cyprus typically come with basic furniture, such as a bed, couch, dining table and chairs, and kitchen appliances like a refrigerator, stove, and microwave. Some furnished properties may also include other items such as televisions, air conditioning units, and washing machines.
Unfurnished properties, on the other hand, do not include any furniture or appliances. Tenants are expected to bring their own furniture and appliances to make the rental property livable.
Standard or Typical Clauses in a Lease Agreement in Cyprus
A typical lease agreement in Cyprus will include clauses on the rental amount, the payment due date, the security deposit, the length of the lease, the notice period required for termination, and the responsibilities of the landlord and the tenant.
The lease agreement will also specify the rights and responsibilities of the tenant, such as paying rent on time, maintaining the property in good condition, and not causing any damage to the property. The landlord’s responsibilities will typically include maintaining the property in good condition, making necessary repairs, and ensuring that the property complies with all relevant laws and regulations.
Additional Clauses in a Lease Agreement in Cyprus
Additional clauses that may be included in a lease agreement in Cyprus but are not mandatory include clauses on the use of the rental property, such as whether or not the tenant is allowed to sublease the property or run a business from it.
Another clause that may be included but is not mandatory is a clause specifying the maximum number of people who are allowed to live in the rental property. This is especially relevant for families with children, who may need additional space for their growing family.
Before Signing a Lease Contract in Cyprus?
Expats should be especially aware of the language used in the lease agreement, as some terms may be unfamiliar to them. It is important to thoroughly read and understand the lease agreement before signing it, to avoid any misunderstandings or disputes in the future.
Expats should also be aware of the security deposit requirement. In Cyprus, the security deposit is typically one month’s rent and is used to cover any damage or unpaid rent at the end of the lease. Expats should be sure to understand the terms and conditions surrounding the return of the security deposit at the end of the lease.
Condition Reports in Cyprus
Condition reports are not common in Cyprus before signing a lease agreement. However, it is recommended that tenants take photographs or videos of the rental property before moving in, to have a record of its condition at the start of the lease. This can help to avoid disputes about the condition of the property at the end of the lease.
Letting Agent Qualifications/Licenses in Cyprus
Letting agents in Cyprus are not required to have a specific license to operate, but they are required to follow the country’s real estate laws and regulations. It is recommended that expats choose a letting agent who is a member of a professional real estate organization, such as the Cyprus Real Estate Agents Association.
