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How much to pay solicitor to transfer Kocan

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bazatron


Joined: 25/11/2010
Posts: 5

Message Posted:
31/01/2011 15:27

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Message 1 of 14 in Discussion

We have received our permission to purchase. Up to this point we have paid our solicitor a total of 700, but to complete the transfer of the Kocan our solicitor is asking for a further 950. Is this an acceptable cost or is there a more economical route?



emineden1


Joined: 22/12/2008
Posts: 512

Message Posted:
31/01/2011 15:31

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Message 2 of 14 in Discussion

does this figure include payments to the belediye etc. If it is just his fee for doing the transfer I think its about 700 to much.



Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
31/01/2011 16:38

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Message 3 of 14 in Discussion

Do it your self !!



The price of the flights the amount it costs to transfer will come to less that what Advocate is going to charge you plus you have the satisfaction of know it has been done correctly.



bazatron


Joined: 25/11/2010
Posts: 5

Message Posted:
31/01/2011 17:32

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Message 4 of 14 in Discussion

The 950 is for conveyancing in another district (Not sure what this is) Application for evaluation payment of taxies, signing of transfer forms on our behalf.



If we knew how to go about this and which government office to approach we would do this work ourselves/



Any suggestions would be appreciated.



Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
31/01/2011 17:46

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Message 5 of 14 in Discussion

Quite simple providing your stamp duty and VAT has been paid, you simply go along to your local deeds office with either your seller, developer, or sellers representative, ensure you have all of the relevant paperwork.during the registration you will be required to go to a designated bank for certain stamps then back to the deeds office. Process can take a couple of hours or so depending on the people waiting, and available staff.

You then badger the deeds office for your deeds until they are ready for collection. This can vary but in the cases I know of it was around 12 months. However this timescale was a coupke of years ago.

I would estimate it is a lot quicker now owing to the low active buying and selling. Hope this helps.



bazatron


Joined: 25/11/2010
Posts: 5

Message Posted:
31/01/2011 18:01

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Message 6 of 14 in Discussion

Thanks for your advice.



Just one or two more questions. I understand we need the land valuing, or is this based on the purchase price? Do you know which government body assesses the value and who do we pay the VAT to?



Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
31/01/2011 18:17

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Message 7 of 14 in Discussion

bazatron.



Your seller developer/seller should be able to give you this advice. If you are unsure ask the deeds office. TRNC rules change quite quickly from our experience.



dekski


Joined: 08/11/2008
Posts: 142

Message Posted:
31/01/2011 21:17

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Message 8 of 14 in Discussion

400 at Senner Law for same job



Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
01/02/2011 10:54

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Message 9 of 14 in Discussion

The land does not need to be valued, the valuation is based on the sale price of stamped contract but may be increased depending on date of contract.



VAT is paid only upon transfer of title and a legitimate company VAT must be provided by the Vendor.



If the transfer is to take place in Famagusta, this may explain the high fee but a bit steep in my opinion.



twaddle


Joined: 06/07/2008
Posts: 245

Message Posted:
01/02/2011 11:21

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Message 10 of 14 in Discussion

Does anyone know the process for getting your house placed on the Kochan (Ours only covers the land at present)



Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
01/02/2011 16:42

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Message 11 of 14 in Discussion

Ask your builder for the green A4 building file and take a trip to the District Office with your stamped contract or title deed if it's in your name.



Look on the Home Buyers website for further details.



pinky2


Joined: 04/10/2010
Posts: 28

Message Posted:
04/02/2011 11:45

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Message 12 of 14 in Discussion

200 for S&A Advocates and Legal consultants to do the same job. They did mine and I was pleased with service. info@sa-advocates.com



cypriot44


Joined: 04/03/2011
Posts: 1

Message Posted:
04/03/2011 19:12

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Message 13 of 14 in Discussion

Dagli Law Firm also charged 250 recently, went all very smoothly.



stilluvithere



Joined: 03/12/2008
Posts: 765

Message Posted:
05/03/2011 01:14

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Message 14 of 14 in Discussion

Go and see Unsal Gurok by the law courts in Kyrenia. He is a noter and a retired land registry officer. Much better knowledge and far cheaper than a solicitor.



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