COVID19: Cyprus calls on landlords to lower rents

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COVID19: Cyprus calls on landlords to lower rents
 © FinancialMirror 2020

Authorities are calling on landlords to temporarily lower rents as the House of Representatives on Friday adopted legislation giving tax incentives to property owners to reduce their rent.

A government bill passed with 47 votes in favour and none against, amends the property law so as to offer tax credits to landlords as an incentive to lower rents to help tenants who find themselves in financial difficulty due to lockdown against COVID-19.

Opposition MPs said during the debate that the bill did...


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COVID19: Cyprus calls on landlords to lower rents


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Article Tags: covid19, cyprus, calls, landlords, lower, rents,