The Best Cyprus Community

Skip to content


Short term rental

Feel free to talk about anything that you want.

Short term rental

Postby Kent » Mon Jul 16, 2007 6:26 pm

I know its probably a subjective matter depending on the vendor but what is generally considered short term rent?

Girlfriend and I are arriving next week and will be looking for some where too rent for the next 3-6 months while we look for a place to buy, would this count as long or short term.
Kent
New Member
New Member
 
Posts: 35
Joined: Fri Feb 02, 2007 2:43 pm
Location: Kolossi

Postby juliesewell » Mon Jul 16, 2007 7:15 pm

Most landlords are looking for a 12 month rental, minimum.

Short term lets of less than 6 months are usually to be found in holiday accommodation where you pay a higher price. Sometimes you can get a landlord to agree to a shorter let but they usually hike the price up as they prefer to have a fixed income over a longer period.

Hope that helps a little....
juliesewell
Contributor
Contributor
 
Posts: 258
Joined: Mon Jun 18, 2007 4:29 pm
Location: Limassol, Cyprus

Postby Kent » Mon Jul 16, 2007 8:25 pm

Thanks for the Info julie

Looks Like we'll jsut have to hit the ground and see what we can get
Kent
New Member
New Member
 
Posts: 35
Joined: Fri Feb 02, 2007 2:43 pm
Location: Kolossi

Postby paul1978 » Mon Jul 16, 2007 10:06 pm

I have sent you a PM which could be useful to you.
User avatar
paul1978
Contributor
Contributor
 
Posts: 227
Joined: Tue Jun 26, 2007 4:03 pm
Location: paralimni

Postby juliesewell » Tue Jul 17, 2007 4:31 pm

If you are planning to purchase a property, I would honestly suggest you take a long term rent first so you can find out where it is you really want to live in Cyprus.

If you have been coming for holidays to Cyprus you may just find that what was suitable for holidaying may not necessarily where you would want to live on a permanent basis.

Best to take an "allocated on arrival" holiday with a tour operator or have a look on Thomson or Olympic holidays websites and book accommodation only for a week or so and check out the local newspapers for a private rental. This will give you a roof over your head for a short time until you find a rental. Better to spend a bit of money finding the right location than spending lots and finding you dont like

a) the location
b) the neighbours
c) the travelling
d) the noise

There are lots of things to take into consideration when choosing the right location for you....

Good luck & enjoy!
juliesewell
Contributor
Contributor
 
Posts: 258
Joined: Mon Jun 18, 2007 4:29 pm
Location: Limassol, Cyprus

Postby Kent » Tue Jul 17, 2007 8:23 pm

Wise words Julie and ones that we're already working on.
the holiday option wasn't available because we are bringing our Cat
we've done a little ground work already into what areas we are looking at. We now need to be there to work out
b) the neighbours
d) the noise

hence the 3-6 months rental before we buy
what I was trying too work out is 3-6 months is considered by landlords as short or long term.

Landlords’ want a tenant that Paying over the odds, is gullible about fees and want to rent from them forever.
But if a property been vacant for a while they may well except a guaranteed 3-6month contract rather than leave it empty.
Kent
New Member
New Member
 
Posts: 35
Joined: Fri Feb 02, 2007 2:43 pm
Location: Kolossi

Postby juliesewell » Sat Jul 28, 2007 1:41 pm

Kent

In an ideal world, one would usually expect if a property has been empty for sometime the landlord would consider reducing the rent, in order to have some income - rather than no income at all.

Unfortunately, that concept doesn't seem to apply to Cyprus!

If they don't get a tenant, the are either perfectly happy to sit back and wait - or, put the price up!

Totally confusing, I know - but this happens both with rentals and property sales.....

As to your question - a rental of 3 to 6 months will be classed as short term rental so you can expect to pay above the odds rather than taking somewhere on a lease for a minimum of 12 months.

You could try looking on some of the other forums such as:
Angloinfo, CyprusLiving (Paphos based forum), BFC Trading Post (Limassol based forum) and there is also a forum for the Eastern part of the island. Angloinfo - is a broad based forum and is very helpful as there are no political threads that appear there and is a bit easier to keep track of.

It may be worth asking if there are some ex-pats who have a holiday property available for the short period you need it for.....

Good luck
juliesewell
Contributor
Contributor
 
Posts: 258
Joined: Mon Jun 18, 2007 4:29 pm
Location: Limassol, Cyprus

Postby Southerner » Wed Aug 01, 2007 1:33 pm

juliesewell wrote:Kent
In an ideal world, one would usually expect if a property has been empty for sometime the landlord would consider reducing the rent, in order to have some income - rather than no income at all.
Unfortunately, that concept doesn't seem to apply to Cyprus!
If they don't get a tenant, the are either perfectly happy to sit back and wait - or, put the price up!
Totally confusing, I know - but this happens both with rentals and property sales.onGood luck

We have met people recently who have bartered considerably with rentals.
Getting reductions of up to 30% is possible, along with the fact that Cypriots do tend to ask more than they expect, we looked at a property in Tala with the estate agent the rent was £320 PCM, when we went back later in the day; the owners were there and didn't realise that we had already viewed; assumng that we had just seen the for 'for rent' sign, we asked them the price, "£400 PCM" they said.
There are 8,000 or so empty properties in Limassol and around 11,000 in Paphos.
User avatar
Southerner
Contributor
Contributor
 
Posts: 911
Joined: Sun Apr 29, 2007 7:32 pm
Location: UK/Paphos soon

Postby Kent » Thu Aug 02, 2007 8:31 pm

now got a place in Kolossi on short term retal 3 months then rolling per month after that. going for a short term dosn't give you much bartering power but we did find that most people where more than happy to consider a short term if you phoned the adverts out of the cyprus news, lion, weekly. even the eastate agents we tried always came up with one option in the price bracket( they always try to raise it but suddenly find one in buget when you say no and are going to walk)

we found that nobody that had a problem with Us having a Cat, some said a dog may be a problem but where happy with a Cat.

so hope that helps somebody
Kent
New Member
New Member
 
Posts: 35
Joined: Fri Feb 02, 2007 2:43 pm
Location: Kolossi

Postby Southerner » Thu Aug 02, 2007 9:22 pm

Kent wrote:now got a place in Kolossi on short term retal 3 months then rolling per month after that. going for a short term dosn't give you much bartering power but we did find that most people where more than happy to consider a short term if you phoned the adverts out of the cyprus news, lion, weekly. even the eastate agents we tried always came up with one option in the price bracket( they always try to raise it but suddenly find one in buget when you say no and are going to walk)
we found that nobody that had a problem with Us having a Cat, some said a dog may be a problem but where happy with a Cat.
so hope that helps somebody

Glad you got it sorted, one agent in Paphos told me that most rental prices are negotiable.
User avatar
Southerner
Contributor
Contributor
 
Posts: 911
Joined: Sun Apr 29, 2007 7:32 pm
Location: UK/Paphos soon

Next

Return to General Chat

Who is online

Users browsing this forum: No registered users and 2 guests