Cyprus Real Estate Sales & Purchases
Our property law and real estate lawyers have the specialist expertise and knowledge that you need, to advise on, and handle, 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 the following:
- First ensure that the seller has the legal, or equitable, title to sell, 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 full legal and administrative support and advice on every aspect of commercial or private real estate transactions, including but not limited to:
- Legal Due Diligence - We undertake advance legal due diligence in order to ensure the property's and the seller's status.
- Contracts Drafting - We negotiate, draft and/or review Sale and Purchase Contracts, as well as Lease and Rental Agreements.
- Official Representation - We represent our clients before the Inland Revenue (for stamp duties calculation and payment) and before the Land Registry (for registering the contract of sale), as well as before domestic authorities for ensuring successful authorization in order to register the property under sale to our clients' names.
We offer a comprehensive range of services, including:
- Residential Conveyancing - We handle the legal aspects of buying and selling residential properties, ensuring a smooth and secure transfer of ownership.
- Commercial Conveyancing - We provide expert assistance with the purchase, sale, and lease of commercial properties, safeguarding your interests and facilitating successful transactions.
- Investigating the Status of Immovable Property and the Vendor's Company - Our thorough due diligence process examines the legal status and ownership of properties, as well as the vendor's company, to identify any potential risks or liabilities.
- Buy to Let - We offer guidance and legal support for clients interested in investing in properties for rental purposes, ensuring compliance with relevant laws and assisting with lease agreements.
- Long Term Leasing and Subleasing - Our team helps negotiate and draft long-term lease agreements, protecting your rights and interests as either a landlord or a tenant. We also provide guidance on subleasing arrangements.
- Shared Ownership Schemes - We assist clients in navigating shared ownership schemes, helping them understand the legal implications and rights associated with such arrangements.
- Development Agreements - Our experts handle the negotiation and drafting of development agreements, ensuring clear terms and protecting your interests throughout the development process.
- Property Management Agreements - We offer legal support in preparing property management agreements, defining the rights and responsibilities of property owners and managers.
- Construction Agreements - We assist with the negotiation and preparation of construction agreements, protecting your interests during the construction phase and ensuring compliance with relevant regulations.
- Transfer by way of Gift - We provide guidance and legal services for clients wishing to transfer property as a gift, ensuring the proper documentation and compliance with applicable laws.
- Mortgages - We offer assistance with mortgage transactions, guiding clients through the process and ensuring all legal requirements are met for a secure and smooth transaction.
Upon execution of the Sale and Purchase Agreement, our team of property consultants will assist you on properly taking care the post completion matters in order to (a) better secure your legal rights and (b) not to miss any statutory deadlines which may result to penalties and/or other legal limitations, such as:
- legalizing your sale agreement with the inland revenue (payment of stamp duties) within the statutory limits, 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, within the statutory limits,
- Foreign purchasers should also ensure that they have been granted with the necessary authorizations enabling them to register the property onto their names (council of minister's approval).
- Furthermore, through our AGP Corporate Team we can assist with offering escrow services for security of our clients, in cases where it appears to be appropriate or a necessity under the circumstances of each case.
