Short Term Renting
Renting a property for less than 3 months in Greece, is considered to be a holiday rental and the residence you will rent is obliged to have a Greek National Tourist License (EOT License).
Short term rentals are furnished residences (apartments, houses, or villas) and apart from the daily or weekly rental fee, the person who rents a residence for a short term doesn’t have to pay anything else. Electricity bills, water bills, landline telephone bills and municipality taxes are all included in the rental fee.
In most cases, other supplies, such as cleaning of the residence and change of bed sheets and towels once or twice a week, cleaning of the swimming pool once a week, and so on, are also included in the rental fee.
Extra costs, such as central heating, can be discussed and agreed between the two parties before the reservation is made.
Long Term Renting
Renting a property for more than 3 months in Greece, is considered to be a long term rental and the Rental Agreement between the two parties (lessor and lessee) has to be declared at the local Tax Authority. For that reason, the lessee, has to have a Tax Registry Number issued by the local Tax Office in Greece.
Long term rentals may be fully furnished, semi furnished or unfurnished residences (apartments, houses, or villas), which is one of the factors that sets the rental price higher or lower. Other factors that influence the price is the location, the condition of the residence (old or new) and the size of the living area of the property.
If the residence is unfurnished, a security payment of one month’s rental is asked and at the end of the rental period, the full amount is refunded, unless there are damages on the property and a relevant amount of money is kept by the lessor as a compensation. For furnished residences, the security payment is that of two months’ rental.
Usually, when the duration of the rental agreement is more than 6 months, then the electricity bill, the water bills, and the landline telephone bill is set under the name of the lessee. Depending on the case, though, there may be special arrangements, such as for the cost of the telephone line to be included in the monthly rental fee, or similar issues.
For more information, please contact us.