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Cyprus Eastern Forum Index » Your Developments » Armonia Apartments - Kapparis Goto page Previous  1, 2, 3 ... 37, 38, 39
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Apt Rental? 
Post: #761   PostPosted: Thu Dec 31, 2009 10:29 pm Reply with quote
cansweet
Joined: 22 Sep 2009
Posts: 2130
Pictures: 1
Location: cuckoo land

 
Hi Richard,
happy new year to you, and yours. Yes, I had heard before that it is illegal to rent an apartment, but my question is, "Exactly where is this law written on this", and assuming that it is, how could a court prosecute anyone who didn't have title deeds?
Somehow, i think the idea of anyone coming before the courts on this one is a bit off the mark, although i appreciate that you have not suggested this. There really are times, when i wonder why Cyprus was allowed to become a member of the EU, they seem to be a law unto themselves on most issues, but i feel that the countries finances will bring a hell of a lot more scrutiny on it from the EU in the near future. It's legal, and financial irregularities will not be tolerated for much longer
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Post: #762   PostPosted: Fri Jan 01, 2010 6:52 pm Reply with quote
Richard.G
Joined: 12 Jan 2009
Posts: 1289
Pictures: 0
Location: Stone & Ayia Triada

 
Well in this, if you think about it logically it is entirely right that people are not allowed to rent to holiday makers because without a licence to do so, how can it be possible for anyone to check whether all the safety obligations are in place?

Hotel and holiday apartments, presumably, have to satisfy all sorts of laws and safety regulations to be allowed to operate. A private apartment could never satisfy that requirement because too many other people are involved.

There is a thread on another forum where a woman has been visited by the CTO and threatened with prosecution.

Happy new year to you too.
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Post: #763   PostPosted: Fri Jan 01, 2010 10:31 pm Reply with quote
m kelly
Joined: 10 Jun 2009
Posts: 7
Pictures: 0

 
Well if that is the case, I will have to give renting a wide birth too. It is very strange why there is so many apartments for rental and building non stop abroad. Also why was there so much overseas property being advertised and big day events to sell property abroad for second income. Would these people be liable for prosecution, for misleading the property rental market overseas in UK countries etc????
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Rentals 
Post: #764   PostPosted: Fri Jan 01, 2010 11:35 pm Reply with quote
572B
Joined: 31 Aug 2009
Posts: 27
Pictures: 0

 
The web is full of it, the text seems to be standard and it all revolves around the CTO, to quote:

Cypriot law is clear on the subject of property letting: non-residents arenít permitted to let property on a short-term basis to holidaymakers, although they can let long-term to Cypriot residents.

Letting a property on a short-term basis to holidaymakers is illegal unless you apply to the Cyprus Tourism Organisation (CTO) to have the property certified for holiday letting.

This is permitted only on detached properties, and certification can be a long and complicated procedure.

There are many estate agents and developers who can help with this, but make sure you get independent legal advice before you commit yourself financially.

The CTO will then inspect your property in the same way that it inspects any tourist accommodation and will charge you 3 per cent of the expected income from the property annually.

You must pay this charge even if you donít receive the estimated projected income (or any income at all!).

If youíre planning to let property on a community development, you must also check whether there are any community rules that prohibit or restrict letting, aside from the legal restrictions. You may also be required to notify your insurance company.

If you arenít a resident of Cyprus and youíre planning to buy property to let, you must take professional legal advice before commiting yourself.

If you let a property in Cyprus, youíre required by law to pay tax on your rental income in Cyprus even if the income is received in another country.

End quote.

Perhaps best to confirm with the CTO.

R.
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1 or 2 bed apartment wanted for long-term rental. 
Post: #765   PostPosted: Tue Jan 12, 2010 1:38 pm Reply with quote
Flamingo
Joined: 01 Mar 2009
Posts: 49
Pictures: 0
Location: Xylofagou

 
Hi Armonia Owners,

I have a long-term rental enquiry for 12mths+ for a 1 or 2 bed apartment, moving in with immediate effect.

If any owners are interested, please contact us via the link below and complete the details on the rentals tab of our website advising of the monthly rental amount you are looking.

Regards
Kevin.

_________________
Flamingo Property Management
Stop Losing Money On Property Management
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Post: #766   PostPosted: Sun Apr 18, 2010 3:41 pm Reply with quote
Planner
Joined: 12 Jul 2007
Posts: 150
Pictures: 0

 
Hi,

If there are any property owners that own the following apartments could they please email me whether you have completed or not:

A102, A103, A204, A207, B1, B2, B13, B105, B106, B111, B112, B207, C9, C102, C104, C202, C205, D8, D11, D202, and D209.

Many thanks

Planner
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Armonia Apartments - Kapparis 
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