Real Estate and Property
Renting Property in Cyprus- Seven (7) things to be aware
Tenancy Agreements, also commonly referred to as Lease Agreements or Rental Agreements, are typically a legal document which people tend to overlook or consider to be an easy-to-do agreement, until things spiral out of control. Unfortunately, it is quite common for clauses which are badly drafted or overbearing to the Tenants to be found in...
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Tax Law amendment provides tax incentives for reduced rent
On 2 June 2020, an amending Income Tax Law was published in the Official Gazette with respect to tax relief on rental income. The amendment was voted to support the Cyprus economy following the COVID-19 outbreak and provides a tax incentive to landlords (individuals or companies) to voluntarily reduce the rent charged to tenants. According to...
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