Rules & Regulations

How to obtain a letting licence

If you let a property in Greece, you’re required by law to obtain a licence from the Greek National Tourist Organisation (EOT), which has offices in the main towns and on most islands as well as in the UK (Tel. 210-8707000, www.gnto.gr).

Bear in mind that this involves a great deal of paperwork (see below), is expensive and takes time, therefore you should apply for the licence well in advance. In some areas where the rental market is saturated, the EOT has stopped issuing licences.

WARNING
If you plan to make an income from letting, find out if licences are available in the area where you plan to buy before committing yourself to a purchase.

Requirements for the licence vary depending on the area and the type of property you plan to rent (e.g. self-catering villa, apartment or bed and breakfast), but generally include the following:

For the applicant:

For the property:

Some areas have specific regulations for swimming pools.

Many foreigners use the services of a lawyer or architect to help them obtain the licence, a process that’s easier if you understand Greek and know the right people. Most people find architects are generally co-operative and willing to help. Once you have the licence (and have recovered from the stress of obtaining it!) you should renew it every year, which costs around €100.

Some foreigners let property without obtaining a licence and apparently have no problems with the authorities. This is, however, illegal and could lead to serious problems. If a guest at your property has an accident and you don’t have a licence, you could be prosecuted and face a prison sentence. You may also find that locals in your area who have gone to the trouble and expense to obtain a licence report you to the local tax authorities who will undoubtedly take legal action.


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