Title Deeds

magicart


Joined: 05/10/2008
Posts: 985

Message Posted:
12/01/2009 08:11

Our Villa has yet to be fully completed and we want to press ahead with our Title Deeds application-can we get our deeds before completion of our Villa?



Any advise would be mosty welcome.



Thanks



Art

deecyprus4


Joined: 27/07/2008
Posts: 3452

Message Posted:
12/01/2009 08:16

have you got your ptp yet

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
12/01/2009 10:15

Art you have to have PTP and as far as I know your project has to be completed, connected to mains electric and water and parcellised (if on a development) before deeds can be applied for. This is the normal proceess but maybe you should speak to your Advocate for advice.

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
12/01/2009 11:32

you'll need some "magic", Art to get them old boy...





Nick

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
12/01/2009 11:38

You won't be able to obtain your deeds unles the property has completed

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
12/01/2009 13:30

i agree with doyen

i think your house will need to be signed off, then you can get your deeds.

a friend of ours has left the signing off since 1990, hence he hasn't paid the tax.

lots of cypriots have been doing it that way, they will have to pay the tax before they sell though.

Aga Buyers A G


Joined: 04/10/2007
Posts: 488

Message Posted:
12/01/2009 13:33

Hi Magicart



Hope you are both well



have you got your Permission To Purchase - this is a really important question to be answered firstly as without your PTP you will have no title



Kindest Regards to you both



Suz

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
12/01/2009 14:17

The other ingrdient you need before your Kocan is a truck load of patience!

kibrissibel


Joined: 18/02/2008
Posts: 562

Message Posted:
12/01/2009 15:02

A plot can either be parselised prior to construction (i.e the land) or after construction has been fully completed. You cannot get the Kocan until the plot has been parselised and you have your PTP. Once you get your PTP you could take a share kocan which is a share of an undevided (unparselised plot) prior to the property being completed.



Sibel

WAZ-24-7



Joined: 18/10/2008
Posts: 695

Message Posted:
12/01/2009 15:16

Sibel is absolutely correct.



It is common to have shared Kocan. Often the developer retains a share until all occupiers of the development have their PTP.

At this point parcelisation of the single plot and title can take place.

The final and desirable result is individual plots each with its own Kocan.



It is important, particularly on larger developments that residents are up to speed with the processes involved as the path to parcelisation and issuance of private Kocans can be a long one.

magicart


Joined: 05/10/2008
Posts: 985

Message Posted:
12/01/2009 17:50

Hi to everyone especially Suz-hope all is well with you and your loverly kids.



Thanks to you all for some brilliant advice/good quality information.



Keep it coming.



Art

Blackie


Joined: 20/12/2007
Posts: 129

Message Posted:
12/01/2009 18:13

Just received an e mail from our solicitor saying that our title deeds will be issued immediately, I had expected to wait another couple of years judgeing from what other people have said. I am speculating that this may have something to do with the Orams Case?

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
12/01/2009 18:47

Blackie if you transfer title within the next 3 months you will get a 75% reduction in the transfer tax. This has just been announced by the Government.

Blackie


Joined: 20/12/2007
Posts: 129

Message Posted:
12/01/2009 19:13

Thanks for that info very usefull.

Tasgirl


Joined: 31/12/2008
Posts: 100

Message Posted:
13/01/2009 19:19

We have just been told our ptp has beenturned down What is the next step if the army has turned down your ptp does any one know

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
13/01/2009 19:31

Blackie...msg12...could I ask how long you have been waiting?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
13/01/2009 19:52

Tasgirl,

who has informed you that your ptp has been turned down? Have they given you a reason and what title deed do you hold? Sorry but I am hearing of lots of pre 74's being turned down.

cronos


Joined: 26/10/2008
Posts: 2093

Message Posted:
13/01/2009 20:59

Blackie...msg 12...AGAIN



Forgot to ask....are your title deeds exchange or Pre-74 turkish?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
13/01/2009 21:07

For those recently refused permission to purchase I thought this might be of interest.

If you purchased a property on any of the following sites please contact hbpg marian@ayza.net as there may be a problem due to the plot's location. We want to hear from you if you have received approval, been refused or are still waiting.

Boyut Construction Olympus Villas site in Karşıyaka

Gursel Apartments in Girne on plot number 295, koçan number 3444, sheet plan number X11.21.W2

Camelot beach area, Alsancak

New Villas Properties (phase 2) in the Bahçalar area of Yeni Iskele, plot number 126/1, koçan number 384

Tasgirl


Joined: 31/12/2008
Posts: 100

Message Posted:
14/01/2009 09:51

Bradus, The office in Nicosia told me that the army had made a 'negative' report, which I was refused a copy of because it was secret, I have told Marian