CATEGORIES Auto & Trucks Business & Finance Computers & Internet Education Family Food & Drink Gadgets and Gizmos Health Hobbies Home Improvement Humor Kids & Teens Legal Marketing Men Music and Movies Online Business Parenting Pets and Animals Politics and Government Recreation & Sports Relationships Religion and Faith Self Improvement Site Promotion Travel & Leisure Web Development Women Writing Keyword Search Article Title Author's Name SITE MENU Search Submit An Article Submit Articles in Bulk Submit Press Release Syndicate Articles Distribute Articles Privacy Policy Terms of Use Link To Us Contact Us Site Map Home

Cyprus Property Purchase Checklist  by: Mark Vurnum Before you buy any property in Cyprus you should always seek the advice of an expert real estate agent and lawyer. In this regard, the following is a quick checklist of some of the basic things they should be checking: 1. Doing a land title search at the relevant District Land Office – this is done to make sure that the seller has a valid land title deed, which should also tell you whether there are any mortgages or other claims over the property; 2. If the property you are buying is still under construction, which many are, then your lawyer should be checking to see whether the project has the proper planning and building permits. Also, make sure the land title deed for the project has been split into individual deeds and not one deed for the whole project; 3. If you buy land to develop yourself, make sure your real estate agent checks that the land can be developed: for example, that it has easy access to a road; telephone, electricity and water facilities, etc. 4. If you are buying leasehold property, where the lease term will exceed 33 years, you’ll need to make an application to the Council of Ministers in much the same way as if you were buying freehold property – so make sure your lawyer does this; 5. Insofar as the contract is concerned, make sure that the contract contains provisions that: a. the sale/purchase is subject to you obtaining all the required permissions; b. possession is taken upon execution of the contract, or completion of the project, whichever is the earlier; c. for the purchase of a flat, general use and maintenance rules are included in the contract; d. the contract contains an unwind/refund provision, in case you need to get out of the contract before you take possession of the property; e. where the property being purchased is a new development, the contract contain a warranty period for the construction; f. where the seller is a company, that the person signing the contract is authorized to do so; and g. whether the seller is a person or company, the contract has been witnessed by at least two witnesses of legal age. About The Author Mark Vurnum provides useful information about buying property in Cyprus. Visit www.yourcyprusproperty.co.uk for more FREE information mark@uknetmarketing.com This article was posted on August 22, 2005 Read More Articles from the "Business and Finance" Category: Commercial Business Loans—Envision your Financial Reasons by Tim Kelly Business Continuity and Payment Systems by Stanley Epstein Greed - The Ugly Duckling of Investing by Brandne Moskwa Business Loan Uses by John Williams A Home Based Business Merchant Account Awaits You by Shane Penrod Various Types of Credit Cards - Part 2 by Keith Baxter Home Loan Options For Those With Bad Credit by Alan Lim The Big Picture: 5 Questions that Can Boost your Business by Bobette Kyle Some Steps Towards Credit Repair by Brandon C. Hall Unsecured Tenant Loans: Catered For You Demands by Carmen Cortez << Back to "Business And Finance" Index

Disclaimer: The information presented and opinions expressed herein are those of the authors
and do not necessarily represent the views of ArticleCity.com and/or its partners.

	Web www.articlecity.com