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claiming for late completion of house

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» North Cyprus Property Rental Guide



jimbo


Joined: 12/07/2007
Posts: 150

Message Posted:
21/03/2008 15:47

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Message 1 of 8 in Discussion

Hi Has anyone claimed or tried to claim for the late completion of their property. Our property is over a year late for completion although it only needs electric a/c and outside shower



TimothyCadman


Joined: 13/12/2007
Posts: 1040

Message Posted:
21/03/2008 15:59

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Message 2 of 8 in Discussion

Yes we have. And 2 years down the line we're still waiting for a court date that everyone can attend.



Our solictior reckons another 2, maybe 3, years before the court loses its patience and goes for a judgment.



Graham


Joined: 20/10/2007
Posts: 397

Message Posted:
21/03/2008 16:01

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Message 3 of 8 in Discussion

Yes we just deduced the amount (£1200) four months late off the final payment.



Graham



elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
21/03/2008 16:12

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Message 4 of 8 in Discussion

It can be done and now with depressed house prices it is the best time. Theoretically the owner can refuse to transfer the title deeds and you can only ask for compensation but with low prices it is not on.

ismet



jimbo


Joined: 12/07/2007
Posts: 150

Message Posted:
21/03/2008 17:07

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Message 5 of 8 in Discussion

Graham did you go to court for the deduction or did you come to a arrangement with your builder



Graham


Joined: 20/10/2007
Posts: 397

Message Posted:
21/03/2008 17:10

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Message 6 of 8 in Discussion

Jimbo we just knocked it off the final payment and builder accepted this, this was in 2005. Also I have my title deeds.



Graham



jimbo


Joined: 12/07/2007
Posts: 150

Message Posted:
23/03/2008 14:48

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Message 7 of 8 in Discussion

Has anyone actually gone to court and been succsesful or is it something that goes in the contracts to fill in space



rocky


Joined: 17/10/2007
Posts: 1749

Message Posted:
23/03/2008 17:48

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Message 8 of 8 in Discussion

If a builder/developer is struggling financially there is little point in pursuing compensation and making the position worse. Do any of you remember the Spanish problems in the late eighties?? It must be better to negotiate if the builder goes under and he owes a bank money it is probably secured on the individual plots. In spain some had to pay off buiders loans and then pay for the completion of their plots so the answer must be to negotiate and dont make things worse.



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