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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

  • 11 March 2020 Shortage of Housing Units for Rent and Some of our Suggestions that could solve the problem

    It has been realized in the market, that there is a large shortage of housing... read more

  • 5 March 2020 What we know so far about Brexit

    It is now a fact that the United Kingdom has left the European Union since... read more

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

  • 11 March 2020 Shortage of Housing Units for Rent and Some of our Suggestions that could solve the problem

    It has been realized in the market, that there is a large shortage of housing... read more

  • 5 March 2020 What we know so far about Brexit

    It is now a fact that the United Kingdom has left the European Union since... read more

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

The Parliament Voted Positive on the Eviction of Bad Tenants

With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned the green light on its amendment to the law on rentals to allow owners to evict bad payers.

   

The DISY lawmakers' deferred law proposal stipulates that tenants who delay paying their entire rent for 21 consecutive days will then be able to begin eviction proceedings by filing a claim with the rental court.

According to the report, if the tenant fails to respond within 14 days, then proceedings are initiated in court, even in the absence of the tenant.

After the court ruling, the eviction will take place after 90 days.

This regulation applies to both commercial and residential estates.

Also, according to the DIKO amendment incorporated in the draft law, it is the duty of the judge and not of any court, registrar or registrar to validate or reject the registration or non-defense of the registration as the first stage of the procedure.

On behalf of DIKO, MP Christiana Erotokritou tabled another amendment from the plenary that was also voted in by the plenary (48 in favor and one abstention).

The new oral amendment by DIKO, Mrs Erotokritou said, helps tenants who for some reason were unable to pay their rent before the entry into force of this law. The amendment gives them the right, instead of being evicted for the next three months, to be able, if they wish, to repay their rent within 12 months of the entry into force of this Act.

Given that they will continue to pay their rents regularly from the day the legislation is passed, he said.

The amendments tabled by AKEL, EDEK, the Independent and ELAM MPs were not passed by the plenary.

By Heros Efthimiou