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Major changes in commercial – professional lease

28 February 2014:

Major changes in commercial – professional lease

By virtue of law 4242/2014 (Greek Gazette issue A’50/28.2.2014), amending Presidential Decree 34/1995 applicable to the lease agreements for commercial / professional use, major changes were made to the minimum period of such lease agreements and the right of the lessee for early termination (in relation to relevant termination notice period and compensation), as well as the right of the lessor for termination for special reasons.