Cyprus Property Forum for Buyers, Sellers & Investors

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...

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...

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 ...

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.

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...

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?

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...

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...

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...

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...

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...

"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...

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...

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...

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 ...