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Showing posts from July, 2018

BUSINESS LEASING AGREEMENTS

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BUSINESS LEASING AGREEMENTS Business leasing agreements in Greece are regulated by law 4242/2014 as well as civil law. Previously in Greece the duration of the business agreement had to be 12 years and even in the event that parties agreed in writing for a smaller duration the tenant was protected for the 12 year period.   Based on the new regulations the parties to the agreement (land lord and tenant) are free to decide on the duration of the lease agreement with a minimum duration of 3 years. In the event where the parties have not set a duration time then the minimum of 3 years is applied. In the event where the parties have agreed on a longer period (more than 3 years) then both parties are bound by the longer period. The lease agreements may be terminated by mutual agreement by the parties provided the termination is in writing. Alternatively each party can terminate the agreement either after the minimum 3 years are up or after the agreed dur

INHERITANCE IN GREECE

Greek Inheritance Law provides the bequest of the deceased's property to his legal heirs in two ways: by virtue of a will or in intestacy. In case that the deceased has left a Greek will, the bequest of the inherited property, i.e. the transfer of the property under the names of his heirs, appointed by the deceased, and to what property parts they are entitled to, is arranged according to the provisions of the Greek will. The law provides three types of Greek wills:  • The holographic will; written entirely by the hand of the testator, who writes the date of the Will, and signs  same, verifying its content.  • The public will, which consists of the testator's last will and testament and is executed before a Notary  Public under the presence of three witnesses.  • The secret will. The testator delivers the document to the Notary Public, stating that the document  consists of his last Will and testament, under the presence of three witnesses. Upon the death of the