Shoval Yazamoot provides investors with comprehensive support and guidance for real estate investments in Greece, particularly in Thessaloniki – from property acquisition to ongoing management. Our services cover every stage of the process, including securing tenants or buyers, handling contracts, managing procedures with local authorities, transferring funds, and more.
Our management team includes a local lawyer experienced in handling such cases.
For income-generating properties in Thessaloniki leased to a company (e.g., a company conducting short-term rentals), legal action can be initiated after one month of delayed payment. If the tenant continues to default for an additional month, the court can evict the tenant, including additional costs and interest accrued.
For private tenants, the process is slightly longer. Legal action can generally be filed after three months of non-payment, once a significant amount has accrued. In such cases as well, the tenant will either be required to pay the outstanding rent or vacate the property by court order.
In all cases, the security deposit paid at the time of signing the lease remains with the property owner. Therefore, when renting to private tenants, it is advisable to request a higher initial deposit than when renting to a company.
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