Search found 76 matches
- 24 Nov 2012 14:42
- Forum: General Property Questions
- Topic: TROIKA
- Replies: 26
- Views: 45042
Re: TROIKA
No-one knows what the agreement says - there should be an announcement this afternoon from the European Commission. As soon as I have any concrete news regarding the impact of the bailout conditions on the property market, I'll publish an article in Cyprus Property News . Regards, I may have missed...
- 18 Oct 2012 15:21
- Forum: Introduce Yourself
- Topic: I am looking for a new villa in the island
- Replies: 6
- Views: 15526
Re: I am looking for a new villa in the island
The bottom line Kurt is that no matter what anyone tells you you will ONLY EVER own a property if you have the title deeds. If the developer or anyone tells you they are due soon or next week anything can happen during that time and you may not get your deeds. Quite simply with all the experiences o...
- 20 Sep 2012 15:46
- Forum: General Property Questions
- Topic: Good or tricky situation!
- Replies: 12
- Views: 22215
Re: Good or tricky situation!
Certainly a bit of a dilemma Footy as you nor I would wish to affect your neighbours. However I would be very wary and would suggest that you be careful in dealing with this developer and protect your own investment first. Selfish I know but you say this developer was warned 10 years ago and simply ...
- 17 Jun 2012 16:34
- Forum: Introduce Yourself
- Topic: I am looking for a new villa in the island
- Replies: 6
- Views: 15526
Re: I am looking for a new villa in the island
If I could wind the clock back I would only buy a resale with immediate title deed and no outstanding mortgage.
As to lawyers best of luck but you should find on this forum information on who not to use.
As to lawyers best of luck but you should find on this forum information on who not to use.
- 28 May 2012 22:50
- Forum: General Property Questions
- Topic: Missed long term rental payment
- Replies: 7
- Views: 16078
Re: Missed long term rental payment
I did a bit more digging on this. Generally tenancies are governed by Contract Law and if there is a condition to take back the property for non payment of rent that should be fine. However in some cases The Rent Control Law, does give some protection to tenants (Cypriot and EU Citizens only) from e...
- 15 May 2012 10:19
- Forum: General Property Questions
- Topic: Developers/Swiss Franc mortgages -Misrepresentation
- Replies: 3
- Views: 9148
Re: Developers/Swiss Franc mortgages -Misrepresentation
Thanks Nigel. That is it.
On the face of it it looks very interesting and potentially very helpful.
The question is what would be the test for the ordinary due diligence "escape" clause?
On the face of it it looks very interesting and potentially very helpful.
The question is what would be the test for the ordinary due diligence "escape" clause?
- 15 May 2012 01:47
- Forum: General Property Questions
- Topic: Developers/Swiss Franc mortgages -Misrepresentation
- Replies: 3
- Views: 9148
Developers/Swiss Franc mortgages -Misrepresentation
I am not sure if this will help anyone, but do not see why not, although it will obviously involve more litigation. Having done a bit of surfing I stumbled across a reference to Cyprus contract law. To be specific sections 18 and 19 of the Contract Law.Cap 149. Worth a look as the seller can be held...
- 10 May 2012 10:17
- Forum: Introduce Yourself
- Topic: SWISS FRANC MORTGAGE
- Replies: 1
- Views: 6921
Re: SWISS FRANC MORTGAGE
Hi Muggsy, Sorry to hear of your loss and problem with SFM. Not an expert but I do not think your insurance arguments will be of help. I assume you consider that you were mis sold the SFM and this would be worth pursuing. I am sure your husband did NOT do everything! I think there are several SFM he...
- 09 May 2012 14:01
- Forum: General Property Questions
- Topic: Missed long term rental payment
- Replies: 7
- Views: 16078
Re: Missed long term rental payment
Hi Pan. It refers to both and I quote " Should the tenant refuse to deliver free possession of the house and equipment to the landlord, the landlord shall have the right to enter the house and take over possession of same." Having checked my document there is no reference to court actions nor notice...
- 09 May 2012 10:48
- Forum: General Property Questions
- Topic: Missed long term rental payment
- Replies: 7
- Views: 16078
Re: Missed long term rental payment
HI Michelle, We too let out long term and have a contract,drawn up by one of the biggest law firms in Cyprus, and have a condition whereby we can take entry to the property immediately if the rent is 21 days late. As far as we were made aware there is no Landlord and Tenant Act in Cyprus and if your...
- 06 May 2012 21:19
- Forum: General Property Questions
- Topic: Complaints toThe Disciplinary Board of Advocates
- Replies: 107
- Views: 184709
Re: Complaints toThe Disciplinary Board of Advocates
Scots Lad- 1. I do not get anything from the DBA. It is just a fine levied against the so called Advocate if found guilty. 1000 euros is the maximum fine they can charge. Not a lot but that is it. The benefit of this cheap (78 euros) route, especially if other victims are living in Cyprus, is the gu...
- 13 Apr 2012 00:48
- Forum: General Property Questions
- Topic: Complaints toThe Disciplinary Board of Advocates
- Replies: 107
- Views: 184709
Re: Complaints toThe Disciplinary Board of Advocates
"Yes, she is still practising in Paphos and she recently published an advertisement asking to empoy to her firm two lawyers. Unfotunately, this lady made a lot of damage to the other female (or not) lawyers of Paphos, despite that Paphos has excellent practising lawyers.[/quote]" She will continue t...
- 06 Apr 2012 22:24
- Forum: Louise Zambartas' Legal Questions
- Topic: Mortgage Issues/Sales Agreements, Uncle Tom Cobbley and all.
- Replies: 5
- Views: 15564
Re: Mortgage Issues/Sales Agreements, Uncle Tom Cobbley and all.
How foolish of me to believe there was only one who could produce new contracts at will! I will save the euro. Thanks. I hand delivered a simple letter to my lawyer cancelling the POA and confirming that she no longer acted for me and that no fees were outstanding to her. I copied my letter to my ne...
- 06 Apr 2012 12:41
- Forum: Louise Zambartas' Legal Questions
- Topic: Mortgage Issues/Sales Agreements, Uncle Tom Cobbley and all.
- Replies: 5
- Views: 15564
Re: Mortgage Issues/Sales Agreements, Uncle Tom Cobbley and all.
Hi Newt, Sorry to hear of yet another victim. Regrettably your lawyer sounds suspiciously familiar. See attached link. http://www.news.cyprus-property-buyers.com/2012/03/11/cyprus-bar-association-fines-lawyer-for-misconduct/id=0010930 If not I owe you a euro. You also need to collect your files from...
- 20 Mar 2012 21:45
- Forum: Selling Property
- Topic: Defaulting on a loan
- Replies: 44
- Views: 104308
Re: Defaulting on a loan
Tas. I do not think the developer will EVER have your best interest at heart and will be under no pressure to push for a sale. Assuming you can assign your contract and there is no developer's mortgage on your property, as I understand the new laws you do not need your developer's permission and if ...