Leasehold estate
Lamda Development: signed lease agreement with Costeas – Geitonas Schools in Elliniko
The long-term lease agreement entails the development and operation of an educational institution in Elliniko
Suspended sentence for landlord who spied on tenant with camera
A Thessaloniki court has handed a landlord a three-year suspended sentence for secretly recording a female tenant using a hidden camera in her apartment.
The case came to light in November 2019, when the then 18-year-old student filed a complaint.
Although the apartment was intended for short-term rental, the landlord had agreed to rent it to her for a year.
Short-term rental fee growth
Revenues from the accommodation tax imposed on hotels, rooms for rent and short-term rentals are increasing, according to the 2024 budget.
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Courts overwhelmed with landlord-tenant dispute cases
Following the extension of a 25 percent cap on rent hikes to another year, courts are struggling to handle the huge influx of lawsuits arising from disputes between landlords and tenants over rent increases and eviction.
Landmark Lebon Patisserie in Beyoğlu may close doors soon
Lebon Patisserie may soon meet the fate of other landmark stores that were forced to close their doors in the past, mainly due to economic hardships, in Istanbul's historic Beyoğlu district.
Abdurrahman Cengiz, co-owner of Burç Lebon, said the patisserie was likely to cease to serve customers at the end of December.
More market distortions
The government must do everything in its power to help prop up businesses that have been harmed by the coronavirus lockdown measures. However, it cannot continue to intervene to such an extent forever, altering the terms of contracts and agreements, as it did over the issue of rents.
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Airbnb-style rentals may bear no VAT
Short-term property rentals through online platforms such as Airbnb can under certain conditions be exempt from value-added tax, according to a circular issued by the Independent Authority for Public Revenue.
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Village for rent for just 690 euro per day
Hungarian mayor in the north west of the country decided to rent the entire village for just 690 euro per day.
The price includes everything exists in the village: streets, a bus stop, a barn, six horses, two cows, three sheep and a chicken yard on 10 acres of land.
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