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Renting PropertyBack to top Back to main Skip to menu
Greece - Renting Property
However, the situation is completely different in the big cities. Long-term rentals are usually unfurnished and some have no heating. The cost of rentals varies depending on the size, facilities offered, age, neighborhood, region, location of the property, and quality of the rental. An average one or two bedroom rental property in Greece could cost between €500 and €1000 per month. You can get a good deal if you rent outside of the main tourist season, when there is plenty of property available for rent. Islands such as Kefallinia offer a long-term rental market where you can pay €300 monthly for a one bedroom apartment and €400 for a two-bedroom rental property.
Apart from the monthly rent, you may be required to pay a one or two month rent deposit. In some case, tenants are required to pay up to six months’ rent deposit for long-term contracts. Most long-term tenants are expected to pay for their electricity and water bills. However, in older apartments, there are exceptions where the utilities are paid communally. Many people on short-term visits to Greece prefer to rent furnished apartments. Expats on short-term visits are required to sign temporary contracts with their property owners. However, temporary contracts give tenants fewer rights than long-term contracts.
The qualities of rental apartments vary from ill-equipped cottages to convenient luxury apartments. As you hunt for a rental space be sure to check how well equipped it is. Everyone has a different definition of how a well-equipped apartment should look so make sure you select something that suits your needs. Check for availability of central heating if you are renting during winter. You can find rentals by looking through posted adverts online, in local publications, or through agents. Short-term apartments are furnished and they come with basic kitchen appliances, furniture, bathroom appliances, and basic tableware. Items available in furnished apartments usually vary depending on the landlord and the kind of place you are renting.
There are a few things you need to know before signing a lease contract in Greece. For protection against an illegal landlord make sure the landlord provides all the detailed information. Ask to see the title deed of the property. The contract in invalid if the lessor is not the legal owner of the property. In addition, some property owners may prefer to sign contracts in USD or another currency. It is important for expats to ensure that the terms of currency used in the payment are legal.
Another thing you need to understand is that property owners can at times liquidize their property to a new owner. This may force some tenants to move out because the new landlord may be more concerned about making more money by increasing rent than about the welfare of the tenants. It is important to find out if your landlord has plans to liquidate the property in the near future. Before signing your rental contract, ensure that there is a term that indicates that your contract remains valid even if the property gets a new owner.
Check the terms related to breaking the contract. Among the issues that expat tenants face in Greece is that of being unable to get out of a lease agreement. This is because most of the rental options only accept long term rentals, which range from six months to a year or even more. Some property owners require tenants to pay a deposit for long-term contracts and do not provide the tenants with options for getting their deposit back if they decide to move out before the lease period is over. Many expat tenants often find themselves not knowing what to do in order to get their rent deposits if they decide to move out before the end of the lease period.
There are many circumstances that could force expat tenants to decide to move out before the end of their lease periods. Therefore, make sure that your contract terms allow you to get back your deposit if you provide a month’s notice before moving out. However, owners of townhouses, apartments or villas might not accept such a term in their lease contracts. Consider signing lease contracts that allow you to get your full deposit once you provide the property owner with a month’s deposit after staying for more than six months. The month’s notice enables the property owner to find another tenant before you move.
Alternatively, consider finding a lease contract that allows you to get your full deposit if you decide to move, provided you find a replacement. However, this term is not common in many lease contracts because property owners are afraid of the hassle that comes with managing a replacement. If your lease contract has such a provision, be sure to find a good replacement to ease the transition for the property owner.
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