Title Deed for Aphrodite Development - Is it "water-tight?"

berserker


Joined: 30/01/2011
Posts: 1

Message Posted:
30/01/2011 19:21

I am seriously considering buying a unit in Aphrodite Phase II, and wonder if anybody who has bought into the development had problems with Title Deed issues. Even though they advertise "Pre-74" I wonder if someone has determined that they are the actual owners of the land and if they issue an appropriate Title Deed before or shortly after completion. What happens if political changes on Cyprus take place and a unified government takes over? I also wonder if they work successfully with other legal entities besides the Sener Law Firm, and how Sener has done for those who have chosen them. Thanks! berserker Jan. 2011

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
30/01/2011 19:32

Berserker....I am not an expert on this development in particular but know that it is indeed Pre-74 Turkish Title Deeds.



Unless you are a Turkish Cypriot, which judging by your name you are not, then you will not receive Permission To Purchase as a foreigner, for any property with such Title Deeds.



You will be allowed to purchase, and pay outright, and maybe even move into the property, but without PTP you will never get the deeds in your name, so you will never legally own it.



Please use the search engine at the head of the page and type in Pre 74 or similar to gain much more information about this covert policy of the TRNC government.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
30/01/2011 19:42

Re-Mess 1,



Please take note and digest Mess 2,

Paul.

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
30/01/2011 19:45

Re-Mess 1,





Please take note and digest Mess 3,



Coop

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
30/01/2011 19:47

No deeds are water-tight in the TRNC. Are you aware that under TRNC law the developer has no legal obligation to hand them to you even though you will have paid in full? I suggest you read about memorandums and as a victim of the Pre 74 scam, who looked at every way possible to solve this problem, I can say with certainty that PRE 74 are not issued to foreigners.



See HBPG.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
30/01/2011 20:07

Re Mess 4,



You crack me up Coops,

Paul.

famagusta99


Joined: 23/11/2010
Posts: 68

Message Posted:
30/01/2011 21:25

Read:

http://www.ipb-magazine.com/en/articles/north-cyprus-government-refuses-hand-over-deeds-buyers



..I believe the writer bought at Aphrodite

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
30/01/2011 21:42

How many times will Seners act for people buying Pre 74 Turkish Title deeds, knowing that they will be met with refusal?



Wouldn't it be refreshing to see some honesty from the advocates?

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
30/01/2011 21:50

As long as they (THE ADVOCATES) are not legally binded to pass on information about pre-74 deeds,

then unfortunateley Sue it will carry on,

Paul.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
30/01/2011 21:53

They hide behind the fact that there is no OFFICIAL govt policy regarding refusals.....they haven't got the guts to admit their shameful actions.



Therefore the advocates can't advise you about a policy that doesn't exist, even though they are fully aware that your PTP application will be refused !

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
30/01/2011 22:05

Yes I know Paul,



The Government should come clean. However this won't happen because they would be seen to be blatantly discriminating. The fact that most advocates are still not coming clean however confirms that they owe no duty of care to their clients.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
30/01/2011 22:07

Yes I know Paul,



The Government should come clean. However this won't happen because they would be seen to be blatantly discriminating. The fact that most advocates are still not coming clean however confirms that they owe no duty of care to their clients.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
30/01/2011 22:13

Sue,

Calm down girl,you are repeating yourself,

Paul.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
30/01/2011 22:15

Sue,



Calm down girl, you are repeating yourself,



Paul.

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
30/01/2011 22:23

Where is berserker, gone berserk when he heard what people were saying?

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
30/01/2011 22:25

Who could blame him/her speckie.Maybe it was just someone just casting in,

Paul.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
30/01/2011 22:26

Maybe just another One Post Wonder ?

Linus


Joined: 04/05/2008
Posts: 281

Message Posted:
30/01/2011 22:26

Hi Berserker



Understand your dilema. I have an apt on Aphrodite. I must say I didnt want exchange title and when I bought there wasn't a problem with PTP. My understanding now is the majority are being refused. This is purely political and if there is ever a settlement or a pemanent partition things in my view are likely to change but not until then. You can still rent out and sell your property without your deeds. Bear in mind the price you are paying, the cost of a luxury caravan in the UK. If a political settlement is forthcoming and PTP are given prices will rocket. I bought my apt when the development was half built and the prices have risen significantly. So all in all you have to decide. To get the same size of apt in a fantastic location on the beach would cost significantly more elsewhere in Europe.



I have a copy of the deeds, verified by a solicitor which confirms the land is pre 74



regards



Linus

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
30/01/2011 22:33

Linus.....you've bought it, paid in full, moved in and are enjoying it.



You are right, you CAN rent it out and even sell it.



HOWEVER, you do not OWN it until you get PTP and deeds.....and that is highly unlikely.



It is still owned by the developer...it is HIS asset, and can have memoranda placed on it by any of his creditors.



I wouldn't hold my breath for a "political settlement" and "rocketting" prices either.....Sorry !

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
30/01/2011 22:39

Don't dispute anything you are saying Linus. However in the above situation you do not own your property, your developer does, even though you have paid in full.



You remain at risk of memorandums if your builder has financial difficulties, or as in the case of many builders, just does not want to pay his debts.



All in all not a good position to be in. Added to this the court has ruled that memorandums take precedence over registration of contracts.



Put purely and simply, its a gamble with no certainty as to how things will pan out. The property market is also in a very precarious position with studies showing more people are choosing to rent rather than buy. This is particularly true in Cyprus because of the poor publicity and many property scams.



Property prices are falling throughout the Med. Cyprus property will only ever be a sure bargain if you actually own it.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
30/01/2011 23:20

No Kocan (No Deeds) No Money................... everything else is irrelevant!

tonyhickey



Joined: 13/06/2007
Posts: 413

Message Posted:
31/01/2011 03:39

Must agree with message 18, Buy and enjoy, who knows what tomorrow brings .

blade


Joined: 19/06/2010
Posts: 1286

Message Posted:
31/01/2011 14:30

Not all Brits have been refused PTP on Pre 74 Turkish title. Ask your lawyer for guidence on this development.



You can go to the south lands office,with a copy of the deeds/ land and they will tell you if it is or is not genuine Turkish title.

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
31/01/2011 14:40

"Not all Brits have been refused PTP on Pre 74 Turkish title. Ask your lawyer for guidence on this development."



Oh do me a favour "ask your lawyer for guidance..'



Still, gave me a laugh.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
31/01/2011 14:49

Here is what a leading North Cyprus Advocate said regarding Pre 74.



http://www.ipb-magazine.com/en/articles/conundrum-law



In her words:



"But, there is a trend in the applications that are being refused and it seems that most, if not all Pre-74 Title Deeds, are being rejected"