And. G. Whether The Seller Is A Person Or Company, The Contract Has Been Witnessed By At Least Two Witnesses Of Legal Age

Category: Finance, Real Estate.

Before you buy any property in Cyprus you should always seek the advice of an expert real estate agent and lawyer. Also, make sure the land title deed for the project has been split into individual deeds and not one deed for the whole project; 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.

In this regard, the following is a quick checklist of some of the basic things they should be checking: 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; If the property you are buying is still under construction, then your lawyer, which many are should be checking to see whether the project has the proper planning and building permits. Telephone, electricity and water facilities, etc. And. g. whether the seller is a person or company, the contract has been witnessed by at least two witnesses of legal age. 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; 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.

Read more...

What Type Of Property Is Being Sought - Finance and Real Estate Articles:

Those on a search for property anywhere generally find the hunt is much more trouble free when a good real estate agent is brought into the picture.

The Seller Can Sell His House Property Without Any Fear - Finance and Real Estate Articles:

Buying and selling houses in the house property market becomes the trend and everybody started purchasing and selling the houses which have been brought.

You Don T Need To Be A Resident Of Mexico To Own A Home In Mexico - Finance and Real Estate Articles:

For years, Americans have entertained the idea of retiring in Mexico.