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Property Management

Property Management in Cyprus

Property managers in Cyprus look after a home you own but do not live in: finding tenants, collecting rent, handling repairs and utility bills. This directory lists companies in Limassol, Paphos and Larnaca. Check the company's credentials and ask for a written contract before you sign.

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10 companies island-wide

What to check before you engage

Check the company's registration before signing anything
Under the Real Estate Agents Law 71(I)/2010, anyone acting as an intermediary in selling, buying or letting property (leases over one month) must be registered with the Council of Real Estate Agents. Pure management work is not clearly covered by that law, so ask the company what it is licensed for. The Council's register is at ktimatomesites.com/agents: cross-check the company's name AND the individual agent's name before engaging. Unregistered operators are outside the Council's disciplinary process.
Understand what 'property management' covers — it varies widely
Cyprus property management contracts range from basic rent collection only to full-service management including maintenance coordination, tenant finding, utility management, annual property inspections, and tax filing assistance. Fees are not regulated and quotes vary, so get 2-3 written quotes. Get a written scope of services before signing, and check in writing what is excluded, such as major repairs above a stated limit, legal disputes, and owner insurance.
Non-resident owners: rental income must be declared in Cyprus
If you are a non-resident owner renting your Cyprus property, rental income arising in Cyprus must be declared locally. Confirm the current rules with the Cyprus Tax Department (tax.gov.cy) or a Cyprus accountant. A good property manager will either handle this or work alongside your accountant. Ask specifically: 'Do you provide monthly rental statements and an annual summary for my tax filing?' Managers who cannot produce clear documentation create audit risk for you.
Inspect the property in person or via a trusted local agent before any management agreement
Property management companies are incentivised to sign management agreements quickly. Before signing, inspect the property's current condition, check the title deed status and who owns the property before letting, and ask for a statement of any unpaid common-expense charges.

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