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Title Deed/share of land

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lottowinner


Joined: 20/07/2010
Posts: 37

Message Posted:
27/07/2010 19:45

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Message 1 of 13 in Discussion

Please can anyone advise us about our current situation with our construction company .They are not in a position to issue full title deeds(outstanding final approval etc...) ....what they can issue is a share of the land on which our villa is built .Has anyone else been put in this position and if so what have you done ,we have our final payment to make and are unsure as to hand this over ,without full title available .We have asked our advocate and they have said take the share of the land document ,though someone else a local man has said it is not worth much .Any feedback would be appreciated .



Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/07/2010 19:58

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Message 2 of 13 in Discussion

Have you PTP? Without this you cannot do either?



Troodo


Joined: 12/06/2008
Posts: 1002

Message Posted:
27/07/2010 20:20

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Message 3 of 13 in Discussion

Nothing wrong with a shared Kocan, it is normal here. Get it while you can, it gives you title and secures your property in your name.



BigBen


Joined: 30/11/2008
Posts: 150

Message Posted:
27/07/2010 21:02

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Message 4 of 13 in Discussion

It takes long time for the title to be issued. Take a share of the title; make sure that the land registry writes on it that there is an unfinished property on it.

You need to get 2 documents (Your lawyer should prepare them):

1. An option signed by all other co owners.

2. A site plan should be prepared ( preferably by the architect) and attached to a document certifying that the boundaries set by the builder are those accepted by all of you, all co owners should sigh.



lottowinner


Joined: 20/07/2010
Posts: 37

Message Posted:
27/07/2010 21:49

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Message 5 of 13 in Discussion

Hi .yes we do have our PTP. Thank you to all reolies .



Jachin



Joined: 05/02/2008
Posts: 99

Message Posted:
27/07/2010 22:01

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Message 6 of 13 in Discussion

Re msg 4

When are YOU going to give deeds to people who have bought property from you ?



lottowinner


Joined: 20/07/2010
Posts: 37

Message Posted:
27/07/2010 22:35

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Message 7 of 13 in Discussion

Msg 6 pls stick to the thread please. If you have anything constructive to add pls do,if not bog off. ;)



halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
27/07/2010 23:17

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Message 8 of 13 in Discussion

Msg 7 well said lottowinner :=)



Jetski


Joined: 21/07/2008
Posts: 584

Message Posted:
27/07/2010 23:32

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Message 9 of 13 in Discussion

and if possible get a charge put on the land before anyone else can



Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
28/07/2010 00:53

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Message 10 of 13 in Discussion

jetski,



how do you go about putting a charge on the land?



yorgozlu



Joined: 16/06/2009
Posts: 4437

Message Posted:
28/07/2010 02:10

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Message 11 of 13 in Discussion

msg 10;

Borrow some money against it from the bank.



cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
28/07/2010 09:57

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Message 12 of 13 in Discussion

msg 11



..and pay 50% + interest ?



yorgozlu



Joined: 16/06/2009
Posts: 4437

Message Posted:
28/07/2010 12:24

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Message 13 of 13 in Discussion

msg 12;



You do not need to borrow alot,even 1 lira is enough.Debt is that debt at the end of the day.



I remember leaving 1 debt on my house/s so that bank would have to keep my title deeds in their security boxes for nothing. ......then again,that was in UK.



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