Cyprus property rent reform on the way

We all know that there is a problem in Cyprus for a landlord to evict a tenant that does not pay the rent. It causes a lot of cases in the court that can last for years. DISY presented Cyprus property rent reform that has to make life of landlords easier.  To evict tenants from properties in Cyprus who fail to meet their contractual obligations is extremely difficult since the rent laws that are regulated by the Rent Control are pro-tenant.

Punctual payment of rent is, of course, one of the landlord’s greatest concerns. Where payment is not promptly made, the landlord should issue written warnings to the tenant. Where these are not successful then the landlord may issue a termination notice to evict the tenant. But often this notice is not effective and a landlord may seek to recover the outstanding rent in the Court.

Those who know how the “system” works in Cyprus exploit the slow justice system. They refuse to pay their rent knowing that it may take several years before they’re evicted.

At the time the rent law was introduced in 1975, it was fully justified. Its purpose was to help refugees from the Turkish invasion who had fled south. These days the law only serves those wishing to avoid paying rent.

Cyprus property rent reform

Members of the DISY parliamentary group have proposed amendments to the rent laws and submitted them to the Parliament for approval. These proposals are designed to make the recovery of Cyprus property from defaulting tenants more effective.

They introduce a new out-of-court settlement for disputes between landlords and tenants. Cyprus property rent reform will also reduce the workload of the Rent Control Court.

It is assumed that the Rent Control Court will issue possession orders within six months from the date the landlord files an application. In the case of retail and business premises, these could be issued within three months if the landlord waives his claim to any unpaid rent.

The source: Cyprus Property News

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