The term of office of the President of the Republic shall be of five years and shall begin on the day on which the new President is invested by the House of Representatives, before which the President gives formal assurances of faith and respect for the Constitution and the Laws of the Republic and for the preservation of the independence and territorial integrity of Cyprus. The House of Representatives shall convene specifically for this purpose on the day on which the five-year term of office of the outgoing President of the Republic ends.