Land and Property Purchase Procedure

Actual Procedure For Land and Property Purchase

The actual procedure of property or land purchase would entail the following procedure:

The validity of the title deed is checked and confirmed by a solicitor. Contracts of sale are drawn up, with the purchaser paying an agreed deposit, and a completion date is set. In many cases, the purchaser returns to the UK or wherever, and the solicitor attends to the completion in the purchaser's absence, having been given Power of Attorney.

If the property is registered in the name of a local person, then an application must be made to the Council of Ministers; allow 10- 15 months. The Land Registry values the property for Stamp Duty purposes. On the day of completion, the monies are paid by the solicitor to the vendor and the Land Registry respectively; the name of the purchaser is entered into the Land Registry's record books, and the new title deed is subsequently issued.

Be absolutely sure that the land you are buying is in fact the land that you are being shown. Ask for a copy of the title deed and check the sheet/plan/plot references and the site plan of the site. Look at the site plan and ascertain from its boundaries its shape and sitting. The location of nearby roads and buildings, major differences in the topography of the ground.

Property Buyer Guide Of Northern Cyprus