The Rent Control Law goes back to the year of 1974 where after the Turkish illegal invasion in the Republic of Cyprus and the rise of housing problems to thousand refugees, the above law was implemented to protect Tenants from their Landlords and most importantly to prevent Landlords from evicting them easily.
According to the Rent Control Law, rent properties are considered the buildings rented out such as houses, offices or shops, however farmlands or plots which do not contain a premise in it do not fall under the definition of rented properties.
Book a Free ConsultationStatutory tenancy arises where the first tenancy expires or is properly terminated and the Tenant remains in possession of the property.
Furthermore, the property, residential or commercial, must be situated within the “controlled areas” as stated under the Rent Control Law (1983) and its latest amendments and the premises must have been completed by the 31st of December 1999. Furthermore, persons falling under the protection of the Rent Control Law are Cyprus citizens and EU citizens who are residing in the Republic of Cyprus.
According to the relevant law, a Landlord can request an increase on the rent amount every two years but the increase in the amount should not be higher than the maximum percentage of 14% set by the Law which was then reduced to 8%.
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