| Posted By: pantheman |
- Jan wrote:
Hi Again,
I have sent a message to our lawyers in Cyprus but of course this being a holiday I think they are not working for a day or so. Will let you know when we get a reply.
This was the answer the Estate agent gave who are marketing the property for the owners. As follows.
The property has already been sold and belongs to and UK couple who had the same idea as you but now have shelved the plans and are staying in the uk.
So the answer to the question is it can be sold but the title deeds can not be transferred until the 5 years is what i was told in the first place, so your contract of sale would enter in to the land registry and the other taken out,its less than 5 years now.
The title deed will be issued to the original owner and automatically be transfared to your name or who ever owns it.
Jan
personally, I would need to know what guarantees there that the 'Government' will actually make the transfer, remembering that governments do change as do their promisis :wink:
This is intriguing. |
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| Posted By: Jan |
| Hi,
Can any of you Lawyers please explain the following:-
The Title deed of the specific house is a prosfigikos Title deed which was given to the previous owner by the government in 2006. The title deed has not yet being transfered to the present owner, , as 5 years time need to pass in order for the deed to be tranferable. Therefore, in 2011 the deed will be tranferable.
Thank you so much. |
| Posted By: pantheman |
- Jan wrote:
Hi,
Can any of you Lawyers please explain the following:-
The Title deed of the specific house is a prosfigikos Title deed which was given to the previous owner by the government in 2006. The title deed has not yet being transfered to the present owner, , as 5 years time need to pass in order for the deed to be tranferable. Therefore, in 2011 the deed will be tranferable.
Thank you so much.
I am not a lawer, but 'Prosfigikos' means refugee.
So the government would have issued these temprary titles, but the present occupant is not at liberty to sell the property until the expiration of the 5 year period.
I guess it stops people getting these properties ans elling them on. |
| Posted By: Jan |
| Thanks Pan,
Does this mean that the place cannot be sold then? Because if so the guy is trying to sell it?
Thanks again. |
| Posted By: pantheman |
- Jan wrote:
Thanks Pan,
Does this mean that the place cannot be sold then? Because if so the guy is trying to sell it?
Thanks again.
Jan sorry for late reply, but my iunderstanding on this matter is that until the title is in his name in full it is not his to sell.
Refugee properties are just that and the government has been delaying in issuing titles and the people have demonstrated against it as they feel their kids would lose out fearing they may not own the property outright.
If things have changed then thats another matter.
If you ask the question in the legal section you may get Mr Kouzalis to give a more definitive answer. I would also be interested to know.
Cheers |
| Posted By: Jan |
| Hi Again,
I have sent a message to our lawyers in Cyprus but of course this being a holiday I think they are not working for a day or so. Will let you know when we get a reply.
This was the answer the Estate agent gave who are marketing the property for the owners. As follows.
The property has already been sold and belongs to and UK couple who had the same idea as you but now have shelved the plans and are staying in the uk.
So the answer to the question is it can be sold but the title deeds can not be transferred until the 5 years is what i was told in the first place, so your contract of sale would enter in to the land registry and the other taken out,its less than 5 years now.
The title deed will be issued to the original owner and automatically be transfared to your name or who ever owns it.
Jan |
| Posted By: roses11 |
| I have just come across exactly the same thing, so will be interested to know the answer!
Rose |
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| Posted By: Jan |
| Sounds like it is the same place then Rose. But it sounds like one of the those "it it is too good to be true situations." So we will wait and see what happens. |
| Posted By: rtp2010 |
- Jan wrote:
Hi Again,
I have sent a message to our lawyers in Cyprus but of course this being a holiday I think they are not working for a day or so. Will let you know when we get a reply.
This was the answer the Estate agent gave who are marketing the property for the owners. As follows.
The property has already been sold and belongs to and UK couple who had the same idea as you but now have shelved the plans and are staying in the uk.
So the answer to the question is it can be sold but the title deeds can not be transferred until the 5 years is what i was told in the first place, so your contract of sale would enter in to the land registry and the other taken out,its less than 5 years now.
The title deed will be issued to the original owner and automatically be transfared to your name or who ever owns it.
Jan
and whoever owns it will want monies for his signature for the transfer, PLEASE BEWARE, because it will be known to them that they will get away with it, just like the developers are doing to cancel one contract and put into someone elses name. is this house in liopetri? |
| Posted By: pantheman |
- ronnie wrote:
- Jan wrote:
Hi Again,
I have sent a message to our lawyers in Cyprus but of course this being a holiday I think they are not working for a day or so. Will let you know when we get a reply.
This was the answer the Estate agent gave who are marketing the property for the owners. As follows.
The property has already been sold and belongs to and UK couple who had the same idea as you but now have shelved the plans and are staying in the uk.
So the answer to the question is it can be sold but the title deeds can not be transferred until the 5 years is what i was told in the first place, so your contract of sale would enter in to the land registry and the other taken out,its less than 5 years now.
The title deed will be issued to the original owner and automatically be transfared to your name or who ever owns it.
Jan
and whoever owns it will want monies for his signature for the transfer, PLEASE BEWARE, because it will be known to them that they will get away with it, just like the developers are doing to cancel one contract and put into someone elses name. is this house in liopetri?
Not necessaily Ron, if someone was to go for it, then it could always be written into any contract of sale that no money would be required when the transfer is ready.
What happens if that person was to die in the mean time????? Thats something to think about though ain't it?? |
| Posted By: rtp2010 |
- pantheman wrote:
- ronnie wrote:
- Jan wrote:
Hi Again,
I have sent a message to our lawyers in Cyprus but of course this being a holiday I think they are not working for a day or so. Will let you know when we get a reply.
This was the answer the Estate agent gave who are marketing the property for the owners. As follows.
The property has already been sold and belongs to and UK couple who had the same idea as you but now have shelved the plans and are staying in the uk.
So the answer to the question is it can be sold but the title deeds can not be transferred until the 5 years is what i was told in the first place, so your contract of sale would enter in to the land registry and the other taken out,its less than 5 years now.
The title deed will be issued to the original owner and automatically be transfared to your name or who ever owns it.
Jan
and whoever owns it will want monies for his signature for the transfer, PLEASE BEWARE, because it will be known to them that they will get away with it, just like the developers are doing to cancel one contract and put into someone elses name. is this house in liopetri?
Not necessaily Ron, if someone was to go for it, then it could always be written into any contract of sale that no money would be required when the transfer is ready.
What happens if that person was to die in the mean time????? Thats something to think about though ain't it??
aye thats true pan
but we all know that some contracts in cyprus is'nt worth the paper that it's written on, even if there is lawyers involved. |