Residential Leasing

Residential Leasing agreements involve private contract law, agreed by the two parties, the landlord and the tenant. The landlord is providing the property to the tenant, for the agreed use and the tenant undertakes the obligation to pay the agreed rent, on time.

The leasing agreement is effected through the signing of a private contract, where the agreed terms and conditions of the lease are stated. This agreement is also needed to be declared on-line to the competent Tax Authority.
The duration of the leasing agreement is subject to be agreed by the contracting parties.

Both parties have the right to terminate the agreement, even before the lease expiration according to the conditions agreed in the lease contract.

If the Landlord sells the property and there is a pending lease, the new owner and the tenant have the same rights and obligations arising from the lease agreement, unless there is otherwise agreed in the lease agreement.

In case the Tenant does not act according to the terms and conditions of the lease contract, Landlord has the right to evict the tenant in a relatively fast procedure.