Are land's title deed and complete certification enough?
Posted: 30 Jul 2015 11:11
Dear Nigel,
I wonder if you can help us to clarify a situation. We arrived in Cyprus eleven years ago, and bought two adjoining plots of land, to which we have clear title deed.
We then built a comfortable home on this land, and in due course obtained the necessary planning permission, and building permits. Eventually, we were in a position to apply for a completion certificate, which was issued to us a year ago.
We are now waiting for the final amalgamated title deed for both the land and buildings on it, which as is usually the case in Cyprus, is taking time.
Due to a change in our plans we are now seeking to sell our home, but our aim has been thwarted, and on two different occasions prospective buyers have pulled out, because we do not possess the final deed.
We have been informed by several Cypriot friends that the final deed is not absolutely necessary, because title deeds for the land alone is sufficient to enable sale of the property. The argument being that one simply buys a plot of land, and with this purchase comes all of the buildings that happen to be on it.
Can you please advise me, if this method is legal, and safe for prospective buyers?
A lot of thanks.
I wonder if you can help us to clarify a situation. We arrived in Cyprus eleven years ago, and bought two adjoining plots of land, to which we have clear title deed.
We then built a comfortable home on this land, and in due course obtained the necessary planning permission, and building permits. Eventually, we were in a position to apply for a completion certificate, which was issued to us a year ago.
We are now waiting for the final amalgamated title deed for both the land and buildings on it, which as is usually the case in Cyprus, is taking time.
Due to a change in our plans we are now seeking to sell our home, but our aim has been thwarted, and on two different occasions prospective buyers have pulled out, because we do not possess the final deed.
We have been informed by several Cypriot friends that the final deed is not absolutely necessary, because title deeds for the land alone is sufficient to enable sale of the property. The argument being that one simply buys a plot of land, and with this purchase comes all of the buildings that happen to be on it.
Can you please advise me, if this method is legal, and safe for prospective buyers?
A lot of thanks.