Contract contents when buying a property/home in Cyprus

What do I need to cover contractually when buying a property/home in Cyprus?

The universal advice is to get everything in writing and the most appropriate place is in your Contract.

The following tick list of items cover both off plan and re-sale properties, so you will need to cross some of these out depending on the detailed circumstances of your purchase.
all payments via lawyer
all vendor taxes paid
arbitration
architect and fees
building contractor and tenders
building permit
building survey
cap on contract cancellation fee/right to sell
certificate of approval
civil engineer and fees
common areas, costs and management
council of ministers
council taxes
currency euro or cyp
definition of completed
delivery date
delivery of deeds/no exclusive development clause
detailed engineering plans (services)
detailed plans
electric supply permanent/temporary electric supply
exchange of contracts
finishes
fittings
fixed price
force majeure
geological survey
health insurance
immoveable property tax
insurance buildings and contents
insurance life
interest to be paid on clients money
internet
land registry description of plot
maintenance of public road
mortgage
mortgage guarantee/fee
no encumbrances in the future
penalties
performance bond
planning permission
pre contract enquiries
proof of ownership of vendor
property transfer tax
purchaser is responsible for what?
registered access from public road
registration of contract
representation and warranty no encumbrances
retentions
search for prior encumbrances
seismic model
sewerage
snagging
specification
specific performance
stage payments
stamp duty
structural model
structural warranty
sub contractors
survey plot for position and size and boundaries
telephone service
temporary residence permit/certficate
termination
title deeds
topographical map
VAT building
VAT land
warranty one year
water supply
will
zoning

This article was not written by a lawyer and it does not intend to constitute legal advice.

Cyprus Property Help & Advice Centre™ ® ©
The Black Art of Buying Property in Cyprus™ ®
The Cyprus Informer™ ® ©
http://cyprusinformer.eu

Related posts:

1. Property purchase agreementsSales agreements: all you need to know The second in a five-part series that was published in the Cyprus Press and it intends to advise British and European home owners of the differences in purchasing a property in Cyprus. It is not a do-it-yourself guide The Law regarding Conveyancing. This article is an excerpt from the booklet Living in Cyprus...
2. Property RegulationsThis article has been pulled together from a variety of public domain sources Cyprus became a full member of the EU on 1ST May 2004 resulting in many changes for EU Nationals planning to purchase property in Cyprus:-Cyprus became a full member of the EU on 1ST May 2004 resulting in many changes for EU Nationals planning to purchase property...
3. Contract Flipping – Much MoreContract Flipping is a situation where a person enters into a contract to purchase a new property off plan but only pays 30% as a deposit before he/she sells it on for a profit. Essentially the speculator is able to leverage the potential price increase in property over the one or two years it takes to complete the property. In...
4. Sales agreements: all you need to know.The Law regarding Conveyancing Whether you are buying land, new development property or an existing property, the same legal procedure is followed: 1. The buyer and seller reach an agreement and a Sale Agreement is drawn up. 2. Four copies of this agreement are made and all of them are stamped at the District Land Registry Office. One of the...
5. “Our house in Cyprus is a very very very fine house”Dorian Kokas gives advice and helps foreigners cut through bureaucratic red-tape in Athens. What would the same situation be in Cyprus? This is my contribution to Dorian's story !! Greek Real Estate: Buying Property in Greece & Cyprus Real Estate: Buying Property in Cyprus Our house is a very very very fine house With paperwork so grand And taxmen on...
6. Cyprus Property Information – IndexCyprus Property Information - Index Here is an Index of the wide range of Cyprus Property Information that is available on this site http://downtoearthcyprus.net Chapters Property Regulations Tax Tips Property Tips Finance Tips Living in Cyprus News Feeds Articles Regulated Professions in Cyprus Private Water supplies Home Exchange Electricity Timeline: Cyprus UK Pension in Cyprus Cyprus - Residence Permit -...
7. Purchasing your property Quote: I wrote this article out of personal experience.  The first thing to do is obtain the services of a lawyer who is registered at the Cyprus Bar. You should not use a solicitor who has been introduced or recommended to you by a vendor, agent or developer. Developers Property Developers as firms or companys are not always dual...
8. Title Deeds   Quote: This article was written by me.  Sellers have a habit in stating that "The Property Comes with Title Deeds" as if not having title deeds is a bad position. This is not so in Cyprus and many more property transactions take place without title deeds than with them. If not then the Cyprus Property Market would grind to...
9. Cyprus Property – It should be “No Title Deeds” then “No Purchase” !! There has been a flurry of articles published recently on the subject of buying a home in Cyprus.  These publications have been in the Cyprus Mail Newspaper and a Magazine called "In Touch". (How did the Editor of the Cyprus Informer get on the front cover of Fortune? That is another story !!)  If you don't want to read...
10. Cyprus Property, Mortgages, Land, Title Deeds and BanksI am pleased to be able to explain in detail the relationship between Cyprus Property, Mortgages, Land, Title Deeds and Banks. Are these mortgages scams?  It is important that each instance is considered seperately.  Some instances may be scams, taking advantage of a system which can be manipulated to facilitate fraud.  But, in Cyprus, we are dealing with a country...