Search found 13 matches

by propex
28 Feb 2024 14:04
Forum: General Property Questions
Topic: Field converted to Building site
Replies: 4
Views: 468

Re: Field converted to Building site

Hello Nigel Howarth, Pantheman, Thank you for your replies. I was under impression the conversion is either very hard or not possible but now I understand I was wrong. I am just upset a green garden next to me is most likely going to be replaced by a several-years-long construction site with possibl...
by propex
23 Feb 2024 16:06
Forum: General Property Questions
Topic: Field converted to Building site
Replies: 4
Views: 468

Field converted to Building site

Hello everyone. I have done my best to search the forum but unfortunately I was unable to find my answer here: would someone please enlighten me on the procedure required to convert some property with the FIELD type to BUILDING SITE? I was under impression that's not possible. Context: my house face...
by propex
20 May 2021 09:35
Forum: Buying Resale Property
Topic: Buying without assignment agreement deposit?
Replies: 10
Views: 11474

Re: Buying without assignment agreement deposit?

Yes, this matches my records, this is why we won't deposit the contract. However, you have said we will have to "pay the Property Transfer Fees he should have paid" which has alarmed me. Is this literal "you will pay the transfer fee they should have paid calculated as a property transfer fee on off...
by propex
19 May 2021 13:50
Forum: Buying Resale Property
Topic: Buying without assignment agreement deposit?
Replies: 10
Views: 11474

Re: Buying without assignment agreement deposit?

Because of this, you will have to pay the Property Transfer Fees he should have paid - plus your Property Transfer Fees. This is the first time anyone told me this. Neither our lawyer nor seller lawyer ever mentioned this. Would you please provide me a link for this situation (law etc.)? Doesn't ma...
by propex
19 May 2021 10:53
Forum: Buying Resale Property
Topic: Buying without assignment agreement deposit?
Replies: 10
Views: 11474

Re: Buying without assignment agreement deposit?

Of course, I understand, thanks a lot. Could you please tell me if this view he/she must: - confirm that the Sale Contract has been lodged with the Lands Office. based on some specific Cyprus law? As in the necessity of the lodging is a must? Thanks in advance! I address this article and the last pa...
by propex
18 May 2021 17:56
Forum: Buying Resale Property
Topic: Buying without assignment agreement deposit?
Replies: 10
Views: 11474

Re: Buying without assignment agreement deposit?

Thanks a lot, Nigel!

Do I get it correct there is an absolute necessity to deposit (or lodge) it? I was told we don't have to do it but again, I am not sure. We don't care if the vendor has an option to mortgage it or to sell it since we won't pay them until we transfer the contract.
by propex
17 May 2021 19:26
Forum: Buying Resale Property
Topic: Buying without assignment agreement deposit?
Replies: 10
Views: 11474

Buying without assignment agreement deposit?

Hello everyone! I am buying a resale properly (roughly 10 years old) and the seller never bothered to transfer the title from the developer (Aristo) to themselves. Thus an assignment agreement is created instead of a sale agreement and the hefty deposit fee is being pushed to us instead of a seller ...
by propex
06 Dec 2020 13:01
Forum: Property Ownership
Topic: Title deeds for house separation
Replies: 5
Views: 8045

Re: Title deeds for house separation

Haha. A literal answer from the architect (an established Cyprus architect agency) responsible for the house plans (which they have made already) was, I partly quote "I will find out what the term jointly-owned means and let you know".
by propex
05 Dec 2020 11:44
Forum: Property Ownership
Topic: Title deeds for house separation
Replies: 5
Views: 8045

Re: Title deeds for house separation

Thank you! Unfortunately, we are mortgage buyers and banks have got a strong dislike towards offering one for a shared properly. I will see what we can do but as long as the two semidetached houses couldn't be granted a separate title each, it still remains awkward to me. Thanks again.
by propex
03 Dec 2020 11:53
Forum: Property Ownership
Topic: Title deeds for house separation
Replies: 5
Views: 8045

Re: Title deeds for house separation

Hi Nigel, thank you for your kind reply :) Yes, the title deed they have is for the land and is shared (1/2 one family 1/2 another family). I can send it to you again with more detailed plan of the property if you don't mind it of course :) The house has just ground floor. The common entrance in the...
by propex
02 Dec 2020 13:05
Forum: Property Ownership
Topic: Title deeds for house separation
Replies: 5
Views: 8045

Title deeds for house separation

Hello everyone! We have encountered an extremely strange problem and I hope someone in there is able to help us/confirm or deny something which we fail to understand so far. In 2018 we (a family couple of non-eu citizens but residents of Cyprus for 7+ years) tried to buy a certain property with mort...
by propex
18 Dec 2018 23:58
Forum: General Property Questions
Topic: Non-EU buying half of a plot
Replies: 3
Views: 8527

Re: Non-EU buying half of a plot

Dear Nigel,

many thanks for your kind reply. I have sent you every piece of info I have, please tell me your email so I will send you the deed.
by propex
18 Dec 2018 15:28
Forum: General Property Questions
Topic: Non-EU buying half of a plot
Replies: 3
Views: 8527

Non-EU buying half of a plot

Hello. I am non-EU citizen but a resident of Cyprus for 5 years, looking to buy a certain house in Cyprus. It's built on a half of a plot, so the title deed is issued for the name of the owner and the share is 1/2 (there is 640 m^2 plot and the house is built on 320 m^2 part of it). I was told I wil...