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Cyprus Eastern Forum Index » Ask Nigel A Question » Joint Ownership of Property
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Joint Ownership of Property 
Post: #1   PostPosted: Fri Feb 08, 2019 7:44 am Reply with quote
Nemesis
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Location: Oroklini

 
I will be purchasing a house in the near future and wish it to be in the names of my daughter, son and myself. My daughter and son do not live in Cyprus, can this be done.
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Post: #2   PostPosted: Fri Feb 08, 2019 7:07 pm Reply with quote
nhowarth
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Hi Nemesis

Yes, it can be done. But your sone and daughter will need to appoint you as their Power of Attorney (or visit Cyprus to sign the purchase agreement.)

Alternatively you could by the property yourself and gift a third to your daughter and a third to your son.

Are you planning to buy a property with Title Deeds?

Regards,

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Joint Ownership of Property 
Post: #3   PostPosted: Sat Feb 09, 2019 4:16 am Reply with quote
Nemesis
Joined: 01 Oct 2007
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Location: Oroklini

 
Thank you Nigel, gives me a couple of alternatives. Yes I will be buying a property with Deeds, would not buy without having been caught once.
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Marie
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Post: #4   PostPosted: Sat Feb 09, 2019 6:54 am Reply with quote
FSB Properties
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nhowarth wrote:
Hi Nemesis

Yes, it can be done. But your sone and daughter will need to appoint you as their Power of Attorney (or visit Cyprus to sign the purchase agreement.)

Alternatively you could by the property yourself and gift a third to your daughter and a third to your son.

Are you planning to buy a property with Title Deeds?

Regards,


Yes but they still need to be here to sign, so a power of attorney is the was to go if they will not be here.

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Joint Ownership of Property 
Post: #5   PostPosted: Sun Feb 10, 2019 6:04 am Reply with quote
Nemesis
Joined: 01 Oct 2007
Posts: 514
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Location: Oroklini

 
Hi FSB thank you for that further information. They do not live in Cyprus so wil sort out power of attorney.
Regards
Marie
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Re: Joint Ownership of Property 
Post: #6   PostPosted: Sun Feb 10, 2019 7:58 am Reply with quote
FSB Properties
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Location: Ammochostos

 
Nemesis wrote:
Hi FSB thank you for that further information. They do not live in Cyprus so wil sort out power of attorney.
Regards
Marie


PoA needs to be the Apostile method, so make sure tgey ask for this of the notory.

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FSB Properties Ltd - 99093213
Registered and licensed Real Estate Company
Co.Reg.No. 795, Lic. No. 250/E
Member of the AIPP.
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Joint Ownership of Property 
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