Welcome to our World in Gouves Hani Crete

Welcome to finding a property in Gouves - When buying a property abroad it is essential to seek professional help both with a real estate company that is registered and a practicing lawyer to check all the paperwork for the transaction is correct. Architects and engineers can assist with planning a new home from a building plot with a architects build and design contract. There are many properties for renovation, which are ideal to renovate with a little imagination you can turn a building into a dream holiday home.

Investing in a dream home

COMMERCIAL BUILDINGS CRETE

The commercial properties in Crete are mainly 2 types freehold and leasehold. Many families in Crete rent out properties under accommodation to the 1st floor. The properties can be rented on a monthly basis over a period to 1 year to 10 years or longer under the law a person that has leased a property for 10 years has the right to extend the rental agreement for a period of 2 years this can be increased to a period of 3 extra years  providing that the property has been significantly developed and the property value has increased from the development.

In Greece freehold properties in main tourist resorts are not so common to find, as the families tend to hold onto prime properties. Outside or on the outskirts properties are more available. With any transaction in purchasing a freehold property a lawyer needs to carryout a certain amount of back ground searches, to establish the properties identity. Whether the property has all the correct paperwork to operate as a commercial property. If the building is legal and all the tax liabilities from the owner are clear.

Both property types needs the professional help of a  lawyers is to establish the property legal status. Under searches the property shall if built after 1974 have at the local town hall a folder with the property details If before then the lawyer shall require to make further investigations. If an investor rents a building that does not have the correct paperwork i.e. to operated as a bar the under the Greek law the police have the power to enter the property demand the operation licenses if the property is not complying then the police can write a ticket to fine the operating person on the lease.

Commercial operating licenses require time to obtain all the correct licenses in the event that a business has applied for the paperwork and has the evidence to sustain such a claim then a business can operate if the authorities enter the property then documents supporting these fact are satisfactory.

In Greece when renting a commercial property a term called air space can be introduced into the agreement this is a kind of good will aspect on the building that the landlord can claim this is noticeable as to whereto an investor wishes to pay this fee and how much. This money usually is none returnable.

The lawyer shall need to draft an agreement contract on  the property, the owner has to provide the licenses and has to apply for them under the contract, this is an area that should be the sole responsibility of the owner landlord at their expense. Make sure that these licenses are in place or are actively being sort from the local authorities.

The property that an investor wishes to open, the business must comply to regulations such as the toilet facilities that need to comply in an restaurant or bar. These facilities have to comply for  licenses to be granted along with fire escapes fire points. Kitchen areas also need to comply with stringent rules, fridge's for cold meats raw meats, dairy produce, washing areas, work tops all need the help of a specialist to obtain the correct information and cost to alter an existing kitchen to meet the standards. All these costs need to be calculated into the business costs.

The contract must clearly state that a separate property  electric meter exist not a shared one, the property waste services such as mains sewage or septic tank that need to be pumped out whether the tank is shared or not and the liability to the costs. Telephone services for internet connection and land line availability. Commercial waste, local tax contributions. Fire regulations fire escapes, fire extinguishers have the CE stamp on and are in date, if not the extinguishers need to be replaced or serviced at a cost the landlord or tenant. Cooking areas comply, smoke alarms are fitted. An assessment from an insurance company is critical at this point to make sure that insurance cover can be achieved on the property. In the case of a new build all of the above are more important to established the availability of the services.

The properties last tenant and owners tax liabilities are in order so the property can commence to operate with a new tax number at this point a booker or accountant must be sort to apply for all the tax papers, till, etc, for the business to operate under the Greek law.

In Greece EU grants exists to help small business these grants are subject to change that can be sort from the local town hall or Government authorises located usually in the main capital municipalities of the region.

The properties that are being built from new need to  comply with all the new regulations set out by the Greek authorities, technical and professional services need to be engaged to succeed  with obtaining the correct application forms from the local authorities to gain an operating business license.

These are a few points to consider always us a lawyer to transact any contract or purchase never give money to a landlord without the instructions of a lawyer. Always use a book keeper or accountant to investigate the tax liabilities on your behave.

Greek Property Society Gouves Gournes Kokkini Hani Crete

Property in Perfect locations checkout our website   greekpropertysociety.com

Greek Property Society - Gouves Crete  E - mail  greekproperty@crete