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For The Solicitor In A Purchase

Buying property in Cyprus is a simple procedure and for this reason most local and foreign purchasers do not use a solicitor for their transactions, (standard contract documents with blank spaces which are filled in, are normally used).

It is better, however, if a solicitor is used in such a transaction, especially when a foreign party is involved (locals will most likely know the responsibilities of the developer/ seller/agent etc). It is correct, however, to agree first on the solicitors fee for the preparation of the sales contract (which depending on the circumstances, could be anything between C£500 to C£1000). In addition to the sales contract your solicitor must be asked to investigate: whether the developer is the freeholder of the property and most of the questions raised under the developer.

Depositing your sales contract: For any purchase it is most important for you to deposit the sales contract with the Lands' Office, within two months of the purchase, so that you will have some form of a right to claim and/ or seek specific performance if something goes wrong.