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New law passed - all land to be considered leasehold ?

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mickey rourke


Joined: 27/08/2008
Posts: 157

Message Posted:
27/08/2008 09:27

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Message 1 of 38 in Discussion

Has anybody heard about a new law to be passed to consider all land leasehold on long leases to help the peace/solution process



punk rocker


Joined: 24/07/2008
Posts: 152

Message Posted:
27/08/2008 09:32

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Message 2 of 38 in Discussion

I heard a story to this effect yesterday but dont know if we can give it any credence as yet

Perhaps UKT or Elko may know more



PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
27/08/2008 10:41

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Message 3 of 38 in Discussion

Coffee shop gossip, perchance?



pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
27/08/2008 11:07

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Message 4 of 38 in Discussion

Hopefully , bad news if not, would probably be 'final nail in coffin' for construction industry and for many existing foriegn buyers.



PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
27/08/2008 11:32

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Message 5 of 38 in Discussion

This law could only realistically apply to those occupying Greek Cypriot property, if it's supposed to help the peace process as has been suggested. GCs have always made clear they have no claim on legally accquired pre-74 property - only their own that was seized from them and later sold on.



But come on guys, we all have to make sacrifices for the greater good.



newscoop


Joined: 23/12/2007
Posts: 2197

Message Posted:
27/08/2008 11:46

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Message 6 of 38 in Discussion

This first saw the light of day in the run up to the Annan plan, it was nixed then but the way the government of the day (hopefully for not much longer) is behaving in looking for a solution even a bad one, who knows?



CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
27/08/2008 14:13

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Message 7 of 38 in Discussion

Is this retrospective, and all existing freehold property becomes leasehold by default, or is it new purchases.

If it is retrospective then sales will stop overnight and the estate agents will, by magic, turn into DVD shops overnight.

Michael



girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
27/08/2008 16:34

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Message 8 of 38 in Discussion

If its true and added to everything else thats happened, if I was landing at Ercan .I would drop my trousers ,bend over and say '' get it over with and leave me alone for a bit''



RedSnapper


Joined: 12/08/2008
Posts: 540

Message Posted:
27/08/2008 16:41

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Message 9 of 38 in Discussion

What time are you landing?



ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
27/08/2008 17:00

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Message 10 of 38 in Discussion

"DON'T PANIC CAPTAIN MAINWARING!!"



If it did happen, it would apply to occupied Turkish Cypriot land as well as occupied Greek Cypriot land equally.



Leasehold could well mean 99yr leases, which in the UK and other EU Countries is accepted as valuable as freehold.



Your 'freeholder' however, may well be a G or T Cypriot, but they would have legal and financial obligations towards you as their 'lessee'.



If EU law was imposed after any agreement, EU law dictates that any leaseholder has the right, after 2 yrs occupation, to request a lease extension of at least 50%+ at no cost to the leaseholder.



Property values in either N or S Cyprus would not fall due to such an arrangement.





I await the next rumour with bated breath!



rob



cocos


Joined: 04/04/2008
Posts: 129

Message Posted:
27/08/2008 17:08

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Message 11 of 38 in Discussion

God help us all! When is the next election here?



pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
27/08/2008 17:08

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Message 12 of 38 in Discussion

'Property values wouldn't drop' come on wise up!



ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
27/08/2008 17:25

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Message 13 of 38 in Discussion

pilgrim



None of us know what's going to happen. It's all conjecture. ;-)



pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
27/08/2008 17:39

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Message 14 of 38 in Discussion

Agree but just for the record '2bed flats for sale in Ryde 2years ago Freehold 124 k, 125 year leasehold 105k!,' wouldn,t mind leasehold at reduced price,but we bought freehold.



Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
27/08/2008 18:15

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Message 15 of 38 in Discussion

Elco .

Could i as your'e opinion please ?



frontalman



Joined: 28/02/2008
Posts: 499

Message Posted:
27/08/2008 18:35

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Message 16 of 38 in Discussion

According to our brief, nothing is happening regarding issuing of Kocans at Tapu at the moment. We have signed our transfer paperwork, paid our taxes (including our vendors stoppage, as agreed) and are just waiting for the Kocan to be issued in our name. I suppose they cannot carry on with 'business as usual' with talks approaching, so a delay is to be expected.



mickey rourke


Joined: 27/08/2008
Posts: 157

Message Posted:
27/08/2008 18:50

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Message 17 of 38 in Discussion

is this person drunk ????



Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
27/08/2008 18:50

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Message 18 of 38 in Discussion

Might it be a way around refusal for permission to purchase? Rather than get your Kocan you would be given a lease instead?

Alternatively could this be the TRNC government looking towards a settlement and saying no one has the freehold title only leasehold so the land will revert to the original (in other words greek) owner/beneficiary eventually?



frontalman



Joined: 28/02/2008
Posts: 499

Message Posted:
27/08/2008 18:54

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Message 19 of 38 in Discussion

Which person are you referring to?



PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
27/08/2008 19:48

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Message 20 of 38 in Discussion

Has anyone tried asking the authorities?



MUSIN M


Joined: 26/06/2008
Posts: 1352

Message Posted:
27/08/2008 19:53

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Message 21 of 38 in Discussion

mr rouke

"a new law has been passed " I THINK THE ONLY ONE DRUNK IS YOU.



wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
27/08/2008 19:58

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Message 22 of 38 in Discussion

Interesting posting,



There seems to be a nasty outbreak of collective anxiety!



The fact is non of us know!!. We have entrusted our futures, investments to two men.



Commies , how can you trust them, I hear.



What I see is two men of good faith, whose intentions are in the best interest of CYPRIOTS



not GCs or TCs, CYPRIOTS.



I would respectfully ask, that we put our support behind them and wish them well, (It



certainlly is not a task, that I would willingly take on)



When we bought, borrowed or.............., we paid our money and took our chances.



We have had our say. Give these well meaning guys an opportunity to sort out this mess



that was bought about by well meaning outsiders.



Once a way forward is found, the day to day problems will fall into global reality, a factor



that those in the West have accepted over the last couple of years.



We all agree. The TRNC is a beautiful place, the people are really nice and decent.



Come on Guys and Gals.........Give peace a chance!!!



wyn



bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/08/2008 20:32

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Message 23 of 38 in Discussion

These rumours (I hope) have been floating around for a while now. Our solicitor first told us of this idea when we were discussing the problem of getting PTP.



Then it came up in conversation with some local TC's sat outside a bar in Ozankoy. They stated that it had been a much discussed topic in some of the local newspapers. Leases to foreign buyers rather than freehold.



Like Wyn, I am beginning to think that what will be, will be and whats the point worrying about it? Best to cross that bridge when it comes.



Ilovecyprus once said that only adrenaline junkies would buy in the TRNC. Never have truer words, been said.



bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/08/2008 20:43

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Message 24 of 38 in Discussion

Government Leasehold already exists:



The TRNC Government owns the freehold for this land. Long-term leases can be granted for 49 years with an option for a second 49-year term. This type of title deed is used mainly for tourism investments. Leases can be transferred directly or via a solicitor upon application to the Ministry of Interior. For example, all the houses in the picturesque village of Karmi are leased to foreigners.



wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
27/08/2008 20:46

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Message 25 of 38 in Discussion

Bradus,



Were I there, I would borrow from The Lady Wyns purse , and buy a bottlle of Black Tower



It is outwith our control. We had our say the day we signed our contracts (professionally advised or otherwise, we paid the professionals ? bills)



A glass of well chilled wine , a positive outlook, and a steady heart seems to be the order of the day.



Never have I been hoodwinked with such style! Good luck to you Sir,



wyn



E&OE.



keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
27/08/2008 21:02

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Message 26 of 38 in Discussion

Hi,



The first reference that I can find is on Northcyprus.biz - if you search for 'leasehold' you will fid two articles from 2004 entitled



Property Law Faces Legal Challenge, and



Ministers plan for leasehold properties



I remember the idea of leaseholds being revived recently, I think that it was mentioned in Cyprus Today, however this was an 'option' - i.e. you could have the choice of Freehold or Leasehold - whichever suited you.



If no-one has anything in print to add (or anything 'from the horse's mouth'!) then we might as well retire to the coffee shop and take up smoking...



Keith.



keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
27/08/2008 21:06

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Message 27 of 38 in Discussion

Sorry for the 'typo' - I meant "you will find two articles" ...



wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
27/08/2008 21:11

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Message 28 of 38 in Discussion

Hi All,



A slight of hand to make all property leasehold (retrospectively) would KILL off the construction industry in The TRNC. TO exclude Pre 74 Turkish Title would pour salt into the wound.



I dont think its on the agenda, but if it is.....Think twice...cut once!



wyn



MUSIN M


Joined: 26/06/2008
Posts: 1352

Message Posted:
27/08/2008 21:23

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Message 29 of 38 in Discussion

WYN



you are 100% ......................................... CORRECT







musin



wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
27/08/2008 21:33

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Message 30 of 38 in Discussion

Thanks `Mus,



Do you want to buy 100% of my company for 10. My advocate in Kyrenia says you can have 110% for 100,000. His fees are 999,990.



wyn



Musin. I think you are a man of good faith. Give up the Pike fishing. The only thing that you will be unpleasant.



wyn



MUSIN M


Joined: 26/06/2008
Posts: 1352

Message Posted:
27/08/2008 21:47

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Message 31 of 38 in Discussion

thanks wyn

i am only carp fishing these days ,dont know if you noticed.



i had the money too buy your company yesterday ,however i had to pay the lecci and gas this morning



musin



RedSnapper


Joined: 12/08/2008
Posts: 540

Message Posted:
27/08/2008 21:57

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Message 32 of 38 in Discussion

Think i`d be quite happy to have a 99yr lease on my purchase if it meant me getting all the relevent deeds and approvals and getting everything legally and properly and safely registered, it`s the agreement i`ve got here in the U.K!



wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
27/08/2008 22:14

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Message 33 of 38 in Discussion

Mus,



Keep the faith lad......what faith?...Don't ask awkward questions.!



Red Snapper, I would accept a 99 year lease with internationally recognised compensation



for the loss of my Freehold.! Payment cash only...no cheques!



wyn



RedSnapper


Joined: 12/08/2008
Posts: 540

Message Posted:
27/08/2008 22:21

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Message 34 of 38 in Discussion

Yep, fair comment...



Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
27/08/2008 22:23

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Message 35 of 38 in Discussion

I was sold freehold so i would expect freehold deeds .



Lazy days


Joined: 24/07/2008
Posts: 847

Message Posted:
28/08/2008 08:12

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Message 36 of 38 in Discussion

Hello Musin

If you check i think you will find that mickey said about to be passed not that it was a law



doughnuts40


Joined: 27/07/2008
Posts: 98

Message Posted:
28/08/2008 08:18

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Message 37 of 38 in Discussion

Our friends paid all their taxes 3 weeks ago and received their title deeds two days ago so the Land Office are issuing Title Deeds. They did not get their lawyer to do it because he was charging an extra 250 so their Agent helped with all the paperwork and collected their title deed.



puppylover



Joined: 05/05/2008
Posts: 1427

Message Posted:
28/08/2008 08:31

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Message 38 of 38 in Discussion

Totally agree with Wyn...msg 22.



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