We employ creative real estate lawyers uniquely qualified to advise on, and experienced in handling, all matters and stages of real estate transactions.
When representing a purchaser, we strongly recommend that prior to any financial or other commitment towards the seller you should first ensure that the seller has the legal, or equitable, title to sell, that the property is available for sale and that a title deed can be successfully transferred onto your name. By further undertaking the necessary land registry searches (recommended) you will also be well aware whether there are any encumbrances, liabilities or attachments over the property. Upon such information at hand, you shall then be at a position to make up your mind and with our lawyers' assistance decide whether the property is fit for your purpose and secure to acquire.
Further, due to our experience, know-how and knowledge in the sector, we are able to facilitate introductions and, therefore, help deals happen. This is not only due to our experience in Cyprus property law matters, but also because we have experts in all key areas of law, including tax, corporate M&A, investment funds and commercial law.
For more details as to how can we help you, please contact us now.
We provide assistance and advice on every aspect of commercial and private real estate issue, including:
- undertaking advance legal due diligence in order to ensure the property's status;
- negotiating, drafting and/or reviewing Sale and Purchase Contracts, as well as Lease and Rental Agreements;
- representing our clients before the Inland Revenue (for stamp duties calculation and payment) and before the Land Registry (for registering the contract of sale);
- representing our clients before domestic authorities for ensuring successful authorization in order to register the property under sale to our clients' names;
- assisting on obtaining bank finance for property purchases.
Once the Sale and Purchase Agreement is executed, there is a sequence of events to follow in order to better secure your legal rights, such us:
- legalizing your sale agreement with the inland revenue (payment of stamp duties), and
- registering your sale agreement with the land registry authorities in order to "notify the public" of your ownership and thus secure your rights over the property.
- Foreign purchasers should also ensure that they have been granted with the necessary authorizations enabling them to register the property onto their names.