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Cyprus Eastern Forum Index » Ask Nigel A Question » Who owns capital ?
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Who owns capital ? 
Post: #1   PostPosted: Fri Jul 14, 2017 4:04 pm Reply with quote
palmtree
Joined: 28 Oct 2008
Posts: 529
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Hi Nigel.just wondering this .If you buy a house but havnt got deeds.Who owns the capital ?.As I understood it the developer owns the house till transfer but if for some reason It can't be transferred ,and the buyer can't get at the capital or raise loans against etc.I heard that the the land etc are considered the assets of the developer.So two people can't own the same Capital or can they ?.Regards Palmtree.
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Post: #2   PostPosted: Sat Jul 15, 2017 5:59 am Reply with quote
nhowarth
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Hi Palmtree

I don't understand your question - what is the 'capital'?

Regards,

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Who owns 
Post: #3   PostPosted: Sat Jul 15, 2017 8:10 am Reply with quote
emanon
Joined: 19 Jul 2007
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Location: Oroklini

 
Hello, I'm probably wrong, but do you mean the equity?
Without having Title Deeds, or the finalisation of Probate, I was able to sell a property held in my late husband, and my names.
May be you need to find a lawyer who will do this!
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Post: #4   PostPosted: Sat Jul 15, 2017 11:16 am Reply with quote
palmtree
Joined: 28 Oct 2008
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Thank you emanon. But your situation is different. Nigel capital as in the value of the house. Would I be regarded as having capital although the house is technically the developers. Could I say I own the capital or the developer. Hope this helps . Regards Palmtree
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Post: #5   PostPosted: Sat Jul 15, 2017 11:32 am Reply with quote
pantheman
Joined: 27 May 2006
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Location: Ammochostos

 
palmtree wrote:
Thank you emanon. But your situation is different. Nigel capital as in the value of the house. Would I be regarded as having capital although the house is technically the developers. Could I say I own the capital or the developer. Hope this helps . Regards Palmtree


Check here, isn't your property covered??

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Post: #6   PostPosted: Sat Jul 15, 2017 11:50 am Reply with quote
nhowarth
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Hi palmtree

Until the property is registered in your name the house is legally (not technically) owned by the developer. This includes any capital tied up in the actual property.

Regards,

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Nigel Howarth
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Post: #7   PostPosted: Sat Jul 15, 2017 12:38 pm Reply with quote
palmtree
Joined: 28 Oct 2008
Posts: 529
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Thank you Nigel. That has cleared that up.Pan your post was indeed very big news to me . Cheers and thank you for posting . Regards palmtree.
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Who owns capital ? 
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