Essential Due Diligence Checks for Cyprus Real Estate
Purchasing property abroad can be an exciting option and Cyprus stands out as a top location, whether you are seeking a new home for relocation,…
We offer comprehensive real estate services to both local and international clients, representing developers, small buyers, and high net-worth individuals in Cyprus. With expertise in large-scale transactions, we provide guidance on acquiring and utilizing real estate for various purposes, including residential properties, commercial centres, and office spaces. Clients can rely on our experienced property team to deliver seamless, high-quality service.
We specialise in assisting high net-worth individuals interested in acquiring real estate in Cyprus for both residential and corporate/commercial purposes. Our team is adept at navigating the complexities of the market to ensure a smooth acquisition process.
Comprehensive Legal Assistance: Provide end-to-end legal support throughout the transaction, including all departmental procedures.
Due Diligence: Conduct thorough due diligence to ensure the property’s legal standing.
Document Preparation: Prepare, draft, and review all necessary agreements, including Reservation Agreements, Sale Agreements, Assignment Agreements, and Cancellation Agreements.
Negotiation: Negotiate the terms and conditions of sale agreements.
Client Representation: Represent clients before relevant governmental bodies, such as the Inland Revenue Department and Municipal Authorities, to secure necessary tax clearances and at the Land Registry for the transfer of the property title from the client to the purchaser.
Continuous Legal Support: Provide ongoing legal advice and support regarding property law and related procedures.
Comprehensive Legal Assistance: Offer complete legal support throughout the acquisition process, including all departmental procedures.
Due Diligence: Perform extensive due diligence on the property, providing legal advice on its characteristics and potential liabilities.
Document Preparation: Prepare, draft, and review all necessary agreements, including Reservation Agreements, Sale Agreements, Assignment Agreements, and Cancellation Agreements.
Negotiation: Negotiate the terms and conditions of purchase agreements.
Non-European Citizens: Prepare, submit, and collect Council of Ministers applications and approvals for non-European purchasers.
VAT Assistance: Prepare, submit, and collect reduced VAT applications and approvals where applicable.
Client Representation: Represent clients before relevant governmental bodies, including the Inland Revenue Department and Land Registry, for sale registration and subsequent transfer of the property title to the client.
Continuous Legal Support: Provide ongoing legal advice and support on property law and procedures.
Document Preparation: Prepare, draft, and review lease agreements, management agreements, and any associated powers of attorney.
Legal Advice: Provide legal advice on relevant laws and offer legal assistance in matters involving tenants, including issuing termination notices, rent notices, and managing potential tenant evictions.
We manage numerous probate cases each year involving immovable property.
Our services include:
Probate Proceedings: Initiating and managing probate proceedings before the Cyprus courts.
Asset Distribution: Ensuring the efficient distribution of assets to legal heirs.
Property Sales: Assisting heirs with the sale of inherited property, if required.
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