Contractual Obligations? Remember this is Cyprus.
Posted: 26 Jan 2008 13:17
Like many purchasers who diligently do their homework & take advice from all quaters then visit the Island on a regular basis to confirm their prospective purchase is exactly to their requirements I ensured as far as was reasonably practicable that I had what any sane person or lawyer would consider was a contract that I wanted & agreeable to both parties.
In my case the purchase was land with the intent of having my own house built. Having witnessed the quality of build in too many developments over the last decade or two I felt I had to be there to witness / oversee any build.
My contract of sale for the land included things like the vendor to bear all costs associated with: a) Providing 12 foot access to the plot, b) The removal of all debris & unwanted soil from the plot. c) Grading & compacting the access road to enable access by means of ordinary family saloon vehicle. D) the delineation & visible identification of plot boundary amongst other things.
Prior to receipt of the money a continual stream of assurances & promises that "all is in hand to be done as soon as funds are cleared" was a daily chorus. Since receipt of the money not a dickey bird - silence, total inactivity & in fact nearly three years later - zilch on every front and no title to the plot either.
The moral of the story is that no matter what the contract says or stipulates you may be signing it with someone who is from a nation that in some cases just ignores the rule of law in the knowledge that the system & connections are such that the odds are stacked against the purchaser. Please beware.
In my case the purchase was land with the intent of having my own house built. Having witnessed the quality of build in too many developments over the last decade or two I felt I had to be there to witness / oversee any build.
My contract of sale for the land included things like the vendor to bear all costs associated with: a) Providing 12 foot access to the plot, b) The removal of all debris & unwanted soil from the plot. c) Grading & compacting the access road to enable access by means of ordinary family saloon vehicle. D) the delineation & visible identification of plot boundary amongst other things.
Prior to receipt of the money a continual stream of assurances & promises that "all is in hand to be done as soon as funds are cleared" was a daily chorus. Since receipt of the money not a dickey bird - silence, total inactivity & in fact nearly three years later - zilch on every front and no title to the plot either.
The moral of the story is that no matter what the contract says or stipulates you may be signing it with someone who is from a nation that in some cases just ignores the rule of law in the knowledge that the system & connections are such that the odds are stacked against the purchaser. Please beware.