Search found 2268 matches

by Nigel Howarth
21 May 2018 12:37
Forum: Property Ownership
Topic: Title Deeds and the LRO
Replies: 7
Views: 1273

Re: Title Deeds and the LRO

Hi Howard One thing you may be able to do is take the developer's tax invoice and a certified copy to Land Registry and see if they will allow you to deposit the taxes into their escrow account that will be given to the developer when the transfer takes place. You will need to discuss this with your...
by Nigel Howarth
21 May 2018 12:30
Forum: General Property Questions
Topic: Looking to Buy Property in UAE
Replies: 1
Views: 42

Re: Looking to Buy Property in UAE

Hi KhalifaaSheikh

This forum is for people buying and selling property in Cyprus - I doubt anyone here can answer your questions about buying property in the UAE.

Regards,
by Nigel Howarth
19 May 2018 08:17
Forum: Introduce Yourself
Topic: Introduction and Hi Hello
Replies: 1
Views: 41

Re: Introduction and Hi Hello

Welcome to the forum Khalifa

We'll try and answer any questions you have about buying property in Cyprus.

Regards,
by Nigel Howarth
17 May 2018 09:09
Forum: Mark Nowell's Financial Questions
Topic: euro currency cards
Replies: 1
Views: 41

Re: euro currency cards

HappyCamper wrote:
16 May 2018 18:19
are they in common use in cyprus? others use them successfully?
I don't know anyone who uses pre-paid currency cards.

Regards,
by Nigel Howarth
15 May 2018 18:56
Forum: Communal Property Management
Topic: Bank account to run a complex
Replies: 7
Views: 195

Re: Bank account to run a complex

J B wrote:
15 May 2018 11:44
PS - we tried to 'register' the committee, but the Paphos Land Registry said it 'was not possible'! :roll:
There is no need to register a Management Committee.

Regards,
by Nigel Howarth
12 May 2018 08:16
Forum: Property Ownership
Topic: buying without title deeds
Replies: 2
Views: 69

Re: buying without title deeds

Hi icebuddy There are risks involved in buying off-plan and there is no way to guarantee clean Title. But having said that some improvements have been made to the laws in recent years. E.g. If the land on which the vendor is building is mortgaged to the bank, you can now pay a proportion of that mor...
by Nigel Howarth
09 May 2018 09:32
Forum: General Property Questions
Topic: Buying a house in Souni
Replies: 1
Views: 51

Re: Buying a house in Souni

Hello Flora and welcome to the forum. The first thing you need to do is instruct a lawyer to act on your behalf (see the note in red at the foot of the page.) The British High Commission in Nicosia publishes a list of English-speaking lawyers that you can find at List of lawyers in the Republic of C...
by Nigel Howarth
05 May 2018 15:11
Forum: Communal Property Management
Topic: Bank account to run a complex
Replies: 7
Views: 195

Re: Bank account to run a complex

Non-resident owners can have a proxy vote.

Regards,
by Nigel Howarth
05 May 2018 15:09
Forum: General Property Questions
Topic: Contract of Sale
Replies: 7
Views: 307

Re: Contract of Sale

If you are still in Cyprus I suggest you visit your lawyer. If not, phone him.

It can take a few weeks to ship money out of Cyprus as the Central Bank needs to record it. (But you say you've received most of the money?)

Regards,
by Nigel Howarth
04 May 2018 19:47
Forum: Communal Property Management
Topic: Bank account to run a complex
Replies: 7
Views: 195

Re: Bank account to run a complex

Hi digit The law allows you to overcome the problem of lack of attendance: 20. Unless otherwise provided by this Law or the Regulations, no business shall take place at any general meeting if there is no quorum of the persons who are entitled to vote at the time when the meetings deals with the busi...
by Nigel Howarth
04 May 2018 09:13
Forum: Communal Property Management
Topic: Bank account to run a complex
Replies: 7
Views: 195

Re: Bank account to run a complex

Hi digit You need to set up a 'proper' management committee as described in the law - and make sure you minute meetings, etc. Then get a rubber stamp made with the name of the committee and use it to stamp all minutes, letters, etc that the committee creates. There are ways around the problem of own...
by Nigel Howarth
04 May 2018 09:08
Forum: Buying Resale Property
Topic: long term rental
Replies: 2
Views: 145

Re: long term rental

Hi icebuddy

I always recommend to people thinking of buying that they should rent for 6-12 months before taking the plunge.

You don't need a lawyer but read the rental agreement carefully. (We rented for 2 years while our house was being built.)

Regards,
by Nigel Howarth
01 May 2018 14:42
Forum: Mark Nowell's Financial Questions
Topic: euro current accounts
Replies: 5
Views: 905

Re: euro current accounts

Hi HappyCamper

According to the BoC UK website: "Euro Online Personal Current Account, gives you everything you need to manage your money, quickly and simply. It’s available to UK residents only."

More information at Euro Online Personal Current Account.

Regards,
by Nigel Howarth
01 May 2018 14:34
Forum: General Property Questions
Topic: Contract of Sale
Replies: 7
Views: 307

Re: Contract of Sale

Hi PSS00F and welcome to the forum. If you fail to meet your contractual obligations then you will be in breach of contract. Virtually all of the contracts I've seen the vendor will add interest if payments are not made by the agreed date. Also, when buying off-plan, payments are usually made based ...
by Nigel Howarth
01 May 2018 14:27
Forum: FAQ
Topic: lawyers
Replies: 3
Views: 273

Re: lawyers

Hi icebuddy

I can't recall suggesting you deal with the vendor directly? But if the property has not been placed with an estate agent, the vendor will not have to pay their fees, usually 5% +VAT.

Regards,