Search found 2514 matches

by Nigel Howarth
25 May 2008 19:15
Forum: Contract Cancellation Fees
Topic: Selling Charges
Replies: 13
Views: 18568

Re: Selling Charges

Hi Paul, This is something you'll need to resolve with your developer. On the face of it, you have the right to sell your property and your developer cannot stop you. However, if you haven't paid the money and he believes you should, he could delay matters. I see that you're in a complex and that it...
by Nigel Howarth
25 May 2008 15:02
Forum: Contract Cancellation Fees
Topic: Selling Charges
Replies: 13
Views: 18568

Re: Selling Charges

The 1000 cyp is being held back as the external painting was not up to standard, other have also complained and the developer had promised to repaint the whole complex... we are the only purchaser who did not accept the developers contract I'm getting a bit confused (I put it down t old age). You s...
by Nigel Howarth
24 May 2008 20:55
Forum: Contract Cancellation Fees
Topic: Selling Charges
Replies: 13
Views: 18568

Re: Selling Charges

Hi Paul,

So I guess that the CYP 1,000 is still in dispute - you need to resolve this with your developer. Have you been asked to pay anything else?

Cheers,
by Nigel Howarth
24 May 2008 19:00
Forum: Contract Cancellation Fees
Topic: Selling Charges
Replies: 13
Views: 18568

Re: Selling Charges

The vendor shall be obliged and cannot, in any way, object and / deny or withhold his consent to sign any necessary cancellation agreement and new agreement of sale with new purchaser, provided that the vendor shall not be liable for any taxes and / or other related expenses as a result of such tra...
by Nigel Howarth
23 May 2008 16:06
Forum: Contract Cancellation Fees
Topic: Selling Charges
Replies: 13
Views: 18568

Re: Selling Charges

Hi Paul & welcome to the forum, A lot of people have financial issues with their developer when they try to sell their property. If you'd sold through a Registered Estate Agent, they would have probably charged you around 5% of the selling price (+VAT). So if you look at it that way, your cancellati...
by Nigel Howarth
12 May 2008 15:26
Forum: Communal Property Management
Topic: Communal Property Rules
Replies: 6
Views: 10488

Re: Communal Property Rules

Hi Frannie, Sorry about the link, I've been reorganising my website. You can find the Jointly Owned Property Law 1993 at: http://www.cyprus-property-buyers.com/resource-centre/downloads.htm I'm not sure if it's illegal to install extra water tanks, but there was an article in the Cyprus Mail on the ...
by Nigel Howarth
08 May 2008 23:40
Forum: General Property Questions
Topic: Developers Mortgaging
Replies: 3
Views: 5703

Re: Developers Mortgaging

Hi Pan, These situations can get complicated - and I think it best that Jan gets to the bottom of it. There are some issues with land outside Paphos where the developer had cut a deal on some land with its owners, but now there is some sort of dispute between the developer and the land owners delayi...
by Nigel Howarth
08 May 2008 13:36
Forum: General Property Questions
Topic: Developers Mortgaging
Replies: 3
Views: 5703

Re: Developers Mortgaging

Hello Jan and welcome to the forum. To answer your questions: 1. It's relatively straightforward to find out whether there is a mortgage on the land. The Land Registry can be asked to carry out a Title search and produce a report showing what the situation is. It's probably best if you get a law fir...
by Nigel Howarth
08 May 2008 09:36
Forum: General Property Questions
Topic: Purchasing a ReSale property
Replies: 4
Views: 6654

Re: Purchasing a ReSale property

You're welcome Sunny I also found the article about Pafilia Resales very interesting as they are our developers and passed it on to our friends who are actually using them to sell their property! I have exchanged several emails with the aggrieved party - he has made some progress towards a solution....
by Nigel Howarth
07 May 2008 13:02
Forum: General Property Questions
Topic: Purchasing a ReSale property
Replies: 4
Views: 6654

Re: Purchasing a ReSale property

Hi Sunny and welcome, 1) Yes, you should really get a survey carried out before you make an firm offer on the bungalow. There is an Association of Valuers & Surveyors in Nicosia. If you contact them, they should be able to put you in touch with someone in Paphos. Their contact details are: PO Box 20...
by Nigel Howarth
07 May 2008 12:26
Forum: General Property Questions
Topic: Property valuation
Replies: 1
Views: 3884

Re: Property valuation

Hello Patrick, Welcome, and thanks for your comments. There is an Association of Valuers & Surveyors in Nicosia. If you contact them, they should be able to put you in touch with someone in Limassol. Their contact details are: PO Box 20724 1663 Nicosia Tel: 22 751221/25 368757 Contact name: Mr. Varn...
by Nigel Howarth
06 May 2008 10:21
Forum: Introduce Yourself
Topic: New Member Jackie
Replies: 7
Views: 9987

Re: New Member Jackie

No problem Jackie - the planning system here even confuses the developers :-?

Cheers,
by Nigel Howarth
06 May 2008 10:18
Forum: Louise Zambartas' Legal Questions
Topic: Transfer Tax and Immovable Property Tax
Replies: 2
Views: 5344

Re: Transfer Tax and Immovable Property Tax

Hi Sheila, I can answer these for you: Property Transfer Fees (or property transfer tax) is a one-time charge payable at the time ownership of the property is transferred and registered in your name - when the Title Deed become available. Immovable Property Tax is an annual tax paid on the assessed ...
by Nigel Howarth
05 May 2008 18:27
Forum: General Property Questions
Topic: Anthonis Loizou Column Cyprus Weekly
Replies: 1
Views: 3926

Re: Anthonis Loizou Column Cyprus Weekly

Hi Tim, Yes, a number of property developers do start construction work before they have been granted the required permits - and as AL correctly points out, they do this at their risk. It's all very well the developers breaking the law and risking their money - that's up to them. But, if you hand ov...
by Nigel Howarth
03 May 2008 21:04
Forum: Introduce Yourself
Topic: New Member Jackie
Replies: 7
Views: 9987

Re: New Member Jackie

If the Planning Permit has yet to be issued, it's going to be quite a while before the property's 'finished'. After the Planning Permit, the developer needs to get the Building Permit(s) - this can take anything from 3 to 10 months. Does your contract say anything about building permits? (There's a ...