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| Cyprus maintains an effective land registry system in which all immovable property is registered. Title Deeds are formal documents that serve as evidence of property ownership. As the legal ownership of immovable property is denoted by its Title Deeds, your Contract of Sale must provide for the transfer of ownership and registration of the property in your name and the contract must be deposited for Specific Performance at the Local Land Department within 2 moths of the date of the signing of the contract. Failure to do so can mean that you may never acquire Title Deeds to your property! Your lawyer needs to ensure that a search is undertaken at the Land Department to determine what prior charges there are on the property ( mortgages etc), owners of the property and other persons who have acquired part of the original plot (in complexes). |