An overview of the typical leasing terms that apply when renting a property in Greece...
Under the Greek Civil Code, there are no specific restrictions with regards to residential lease contracts, except that they must be for a minimum of three years. Commercial rental agreements are for a minimum period of twelve years. The tenant and the landlord are both free to negotiate the terms and conditions of the rental agreement. Rent is freely determined, however, if the increase is not stipulated in the contract (usually 10 percent on renewal of the lease) the annual increase is fixed at 75 percent of the Consumer Price Index (CPI) over the last twelve months.
- For the current CPI figures in Greece: Click here (in Greek)
Once a rental agreement has been signed, the landlord must have it stamped and registered with the local Tax Authority (eforia) within one month of the date of execution. Two copies of the agreement and proof of identity must be provided.
- For further information on rental legislation in Greece from the Hellenic Property Federation: Click here