NOTH CYPRUS RENTALS

Short Term Property Rentals in North Cyprus

A short term rental in North Cyprus is what is more commonly known as a holiday let, this is where an investor can enjoy a high return on their initial property investment. North Cyprus properties are let during the summer months on a weekly basis, however it is customary in Northern Cyprus for the property rentals to be fully furnished. If the Northern Cyprus property for rent is centrally located, has a swimming pool and air conditioning it will certainly command a higher rent.

Long Term Property Rentals in North Cyprus

Northern Cyprus properties which are let on a long term basis are guaranteed income, investors can make a choice of whether to furnish the property or not, though unfurnished rental properties will normally command a lower rent. There is a high demand in North Cyprus for long term rental properties, these apartments or villas in Northern Cyprus normally have tenancy agreements that are made on 6 to 12 month terms. There are always clients who are having a new North Cyprus property built while having already moved to Cyprus and are looking for longer term property rentals in TRNC.

Electricity, Gas and Telephone

Korinia Estate Agency will take meter readings at the beginning and end of any North Cyprus property rental and ask the tenants for proof of payment when vacating your property. If they fail to provide this we will check with the relevent office and any monies outstanding will be deducted from the tenants deposit. In some cases tenent will bring the bills and monies to us when they pay their North Cyprus rent and Korinia Estate Agency will pay the bills on their behalf.

Property Rental Deposit in North Cyprus

A rental deposit is held as security against any unpaid rent, bills or damage to the property in North Cyprus. Your rental deposit will be refunded to the tenant promptly after the North Cyprus rental property is fully vacated, less any deductions that are required against bills, damages or unpaid rent. On furnished properties 2 months of the rental amount is required as a deposit and on unfurnished properties 1 months rent as deposit.

Property check

We will check your property during a tenancy to make sure that everything is in order. 5 days notice will be given to tenants to arrange a convenient time with which to do this.

The purpose of these rental inspections is to advise the owner of the condition of the North Cyprus property and how it is being maintained and, to allow you to advise us of any repairs or maintenance you feel are needed.

Repairs and Maintenance

Any emergency repairs required at the Northern Cyprus property rental will be carried out by our recommended workmen and you will be billed accordingly. Any other maintenance issues that come to light, we will ask for your permission before any works commence.

Keys

Korinia Estate Agency will retain a duplicate key to all Northern Cyprus properties for emergency access. Locks can only be changed after you have obtained permission from the owner of the North Cyprus property and we will arrange to have the locks changed on behalf of the tenant.

Property Insurance

The owner's insurance cover on the rental property in North Cyprus does not extend to cover tenants belongings. We therefore strongly suggest that our tenants take out comprehensive contents insurance to cover their belongings against fire, theft and other perils.

In the event that the tenant, or another occupier, or visitor accidentally damages the properties and rectification work is required, the tenant will be required to pay any excess that may apply to the owner's insurance cover.

Inventory

Owners of the property either need to supply us with an up todate inventory or we can do a comprehensive one on their behalf at a cost.

Termination of a Tenancy Agreement

Your tenancy agreement is a legal contract providing protection for both the North Cyprus rental property owner and the tenant. The tenant can only terminate this agreement in one of the following ways:

• If they intend to vacate before the end of their tenancy agreement they are required to give 1 months written notice to Korinia Estate Agency.
• If the tenant wishes to vacate at the end of their tenancy agreement then written notice must be received 14 days prior to the contract expiring.
• If you as the owner wishes to take back possession of the property before the tenancy agreement expires you will need to give the tenants two months notice.

Viewings can be made by appointment from:

Monday – Friday 09.30am – 4.00pm or from.
Saturdays 09:30am – 12pm

All rental properties in Northern Cyprus are updated regularly on the Korinia Estate Agency website.

check our North Cyprus Rental Database