New Law on Short-Term Rental of Real Estate in Northern Cyprus
New Law on Short-Term Rental of Real Estate in Northern Cyprus
July 26, 2019 13:17

Here are the main points:

▫️ Short-term rental: rental period up to 60 days inclusive.

▫️ Registration: the property for rent must be registered with the Office of Tourism Planning, with a fee of one minimum wage per month (currently 43,469 lira / approximately 1,042 € at the current exchange rate).

▫️ License: to obtain a license, a fee must be paid depending on the type of rented property — 7%, 11%, or 15% of the minimum wage per month. The license is valid for one year, and renewal requires a repeat payment of the fee.

▫️ Tenant registration: every renter is required to fill out a registration form, which is submitted to the Office of Tourism Planning and the police.

▫️ Housing requirements: requirements for the rented property have been established, including designated parking, labeled trash bins, fire extinguishers, smoke detectors, limitations on the number of occupants based on property characteristics, and others.

Violations of the law are subject to fines and other penalties, including criminal liability.

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