The Limitations Law (66(1) 2012)

General questions & discussions on Cyprus property related matters
Post Reply
Bart
Posts: 11
Joined: 12 Mar 2013 17:51

The Limitations Law (66(1) 2012)

Post by Bart »

Hi Nigel

Can I just ask if the new limitations law applies to any contract. We bought on a complex where there are issues with the pool liners that need replacing. The developer has written to us saying that they will put right any issues but have actually done nothing. When we write to them they simply do not reply. We bought in 2007 and so if the law applies here, the 6 years is coming to an end. I wonder if the developer is simply stalling to get beyond the 6 years and then he can rest assured that we cannot take legal action?

Bart.
Nigel Howarth
Site Admin
Posts: 3063
Joined: 24 Oct 2007 12:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: The Limitations Law (66(1) 2012)

Post by Nigel Howarth »

Hi Bart,

The time period runs from the date the cause of action arose, which is not necessarily the date the contract was entered in many cases.

In your case I would imagine that the clock started ticking from when you wrote to the developer advising him of he problem - but you need to check with a lawyer to be sure.

Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Bart
Posts: 11
Joined: 12 Mar 2013 17:51

Re: The Limitations Law (66(1) 2012)

Post by Bart »

Thanks Nigel

I think maybe we will do that. I assume this doesn't only apply to mortgages then.

Bart
Nigel Howarth
Site Admin
Posts: 3063
Joined: 24 Oct 2007 12:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: The Limitations Law (66(1) 2012)

Post by Nigel Howarth »

Bart wrote:I assume this doesn't only apply to mortgages then.
No it applies to a whole range of things, some of which you van see at Limitation time bomb six month fuse delay.

Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Post Reply