Private Residential Leases Updates

On Thursday 26 March 2020, four legal notices were published in connection with the Private Residential Leases Act. Enacted on 1 January 2020, the Act ensures standards of fairness, clarity and predictability in contractual relations between lessors and lessees.

This set of legal notices, inter alia, provides for the fees to be levied by the Housing Authority upon the registration or renewal of a private residential lease agreement. The Authority retains the right to exempt lessors from the payment of said fees for any period. The fees are specified hereunder:

• For the registration of an Agreement – EUR 10;
• For the renewal of an Agreement – EUR 5;
• The registration fee will increase to EUR 120 in the case of late registration.