Posted on June 23, 2010.
Cyprus Property records explained Buyers who are still waiting for the issuance of title deeds to their property in Cyprus !
are right to complain and to form committees to exert pressure on developers and the government find a solution to their problem.
Although this approach is useful, it will bring any results for unless they take the seller required the court to put him under observation for the issuance of separate property or appoint them as persons able to issue acts. The procedure is simple, fast and the result will be a success without real cost to buyers. They base their claims on the Law 96 (I) / 97 which gives the court power to issue such an order against the seller the obligation, neglects, refuses or fails unreasonably to take the measures necessary for the obtaining necessary permits and approvals for the issue of separate titles.
With this procedure, the court may order the issuance of separate title deeds for property sold without a title, before the application of the contract of sale is made. Therefore, this remedy can be used by a purchaser who has filed his contract of sale Cyprus land registry and waited for years for the vendor to issue separate titles.
Bearing in mind the foregoing, any purchaser or a committee is not justified in asserting that the recovery is slow and expensive process.
In addition, they are not correct in asserting that the foreign buyer should ask the opinion in his country before signing a contract of sale in Cyprus as there are lawyers who specialize in Cyprus property law, are independent and experienced in the field. They charge a small fee and work perfectly for buyers, either at the time of preparing the sales contract or if it is necessary to bring legal action against the seller the obligation to issue title deeds distinct. When seeking advice from abroad, the procedure is slow and costly, the foreign lawyer should seek the advice of a lawyer in Cyprus, which can act for developers, too. On the other hand, a foreign lawyer has no experience at all on the same field and its cooperation with a Cypriot lawyer may not be useful. In addition, there are lawyers that advertise themselves online as specialists in the field without being.
The best way to find an independent, qualified and experienced lawyer to get information here in Cyprus from various reliable sources.
A prudent purchaser employs a competent lawyer should not have to worry about his lawyer did his job properly and do its utmost to protect and safeguard his client \ 'rights and interests, a contract of sale itself will be prepared and signed with all required clauses and annexes and will be stamped and filed with the Land Registry. If the land developer is mortgaged, no payment will be made for him, without providing the first lawyer to the appropriate bank waiver and when the developer is a business owner will be placed as a guarantor of its business. Obviously, counsel to advise the buyer legally and not on technical issues such as property value or type of goods that he buys. An experienced lawyer knows through his practice if the developer is reliable and trustworthy and in this regard, it may be helpful to his client.
One question raised is why reasonable buyers who have waited so long for the issue of their title to remain inactive without exercising their rights in the courts of Cyprus for justice. How many of them have taken legal measures.
The complaints were not sufficient, they must take action and to them to hire an independent lawyer to act on their behalf.
The time is.