The rental agreement for real estate in Cyprus usually indicates:
- Name and details of the parties who concluded the agreement
- The subject of the contract, i.e. premises that are rented: address and some other details (area, floor, number of rooms, etc.)
- Lease term. Agreements are usually concluded for 12 months with subsequent automatic prolongation if none of the parties declares their intention to terminate it no later than one month before the expiration of the contract
- Rental amount and payment procedure. The amount, payment terms and frequency of payments are described here. Usually, payment for the rent of residential premises is made fr om the 1st to the 5th day of each month
- Terms of payment for telephone communications, cable TV, Internet, water and electricity. Before signing the contract, be sure to ask the landlord to show the last paid invoices for the above services. This allows not only to avoid unpleasant debt surprises, but also to present a real picture of the cost of renting the property (how much your bills will be)
- Community expenses included in the rent. In some cases, the tenant may additionally be required to pay for garbage collection, gardening services, pool cleaning, municipal fees and taxes
- Obligations of the lessee and lessor: who should fix minor and major breakdowns, make repairs, etc.
- Deposit return conditions. It is advisable to check an inventory of the property and indicate the condition of the real estate even before arriving at a new home, so that later you do not get into an unpleasant situation wh ere you have to pay the entire deposit made to compensate for material damage.
- Possibility and conditions of early termination. Typically, in the event of early termination, the tenant will be charged a penalty equal to the deposit. However, you need to be careful, since the contract may also contain the condition of mandatory payment for the entire period of residence.
- The order of the landlord's visits. Without specifying such conditions, the owner of the real estate at any time can enter the apartment or house and stay there as long as he wants.
More information about long-term rentals can be found here.
