rent control

real estate rent control

Rent Control Dilemma: Investment Impediment in Cyprus

The Rent Control Law of 1983 in Cyprus, originally intended to protect tenants, has morphed into an obstacle for real estate growth. It discourages investment in older properties, creating a market divide and hindering development. Investors often avoid rentcontrolled properties due to legal complications, leading to stagnation in the market.

tenancy succession

Understanding Statutory Tenancy and Its Succession

In essence, statutory tenancy provides longterm security for tenants, safeguarding them from eviction as long as legal criteria are met. However, the succession of this tenancy to a spouse or child after the tenant’s death does not automatically transfer obligations, leading to legal complexities and questions of jurisdiction in cases like those seen in the Nicosia Rent Control Court.

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