Residential Leases

The law defines the minimum duration of a lease as 3 years, irrespective of what is set out in the contract. For a period of longer than three years, the contents of the lease will apply. The common maintenance expenses bear the lessee. It is customary for the tenant to pay one or two...

Commercial Leases

On commercial leases, the duration of the lease by law is three years, irrespective of whether a shorter or longer period is specified in the lease. If both parties agree, the lease may be drawn up for more than three years. Commercial leases bear a stamp duty of 3.6% which is usually...

Fees and costs of purchases

PROPERTY TRANSFER TAX  The Property Transfer Tax (PTT) is payable to the competent Tax Office (D.O.Y.) before the contract is signed, so that when the transaction is completed there is proof that this tax has been paid. The tax is calculated by the notary in accordance with the value of the...

Documentation required for buyers

The purchaser of a property, after securing the price through an agreed down payment with the signature of the vendor, requires the following documentation for the transfer of the property to take place: Police identity card or passport Receipts for the payment of the Property Transfer Tax (PTT) from the competent tax...

Basic documents required for sellers

Tax declaration from the tax authority to which the vendor submits his income tax returns. Certificate that no tax is owed in relation to inheritance, parental grant or gift. If the vendor’s title of ownership is from an inheritance, parental grant or gift dated after 01-01-1995, the above certificate must state...

Loans

Our company cooperates with all banks in the issuing of housing loans. We will support you with our many years of experience to ensure the correct procedure for obtaining a mortgage, for repairs, for professional assistance, etc., and will help you make the best choice of a programme with the most...