Cyprus Property Owners & Buyers
Help,
Advice & Information Centre
Buyers are able to visit their District Land Registry - a copy of the sales contract will normally be required - and by completing an N50 Survey form they are able to ask for information about their property normally held at the Land Registry - before individual Title Deeds are issued - this could include :
* Who the registered owner of the land is.
* Whether their name as a buyer is registered against the main Title Deed.
* Whether there is a mortgage that the developer has taken against the Title Deed and the date and value of any mortgage.
* What the 1980 value of the site is.
(NB : this is the figure on which the developer will actually be paying Immovable Property Tax (IPT) - normally 0.4%of the 1980 value, Sewage Tax - 0.35%, and any local IPT - 0.15%) and NOT based on a proportion of the individual property's purchase price which is ILLEGAL !
All the the information marked * above can be seen on the existing Title Deed, so buyers need to request a copy on the N50 form
* If no mortgages whether the developer has actually applied for individual Title Deeds.
This information needs to be requested on the N50 form
Although the N50 is only in Greek and this is the official document, the CPAG English translation has been accepted previously.
N50 English Translation can be printed off and completed prior to visiting the Land Registry.
N50 EXAMPLE shows which fields need to be completed by the buyer.
NOTE : Law CAP224 Article 51a gives you the right to this information and should be quoted if you encounter any reluctance on the part of Land Registry staff to provide the service. The following is from the Minister of the Interior's website
| Search Certificates |
| Law, Cap. 224 Article 51A The Director of the Department of Lands & Surveys may provide any "interested person" with any information standing in the Land Register or in any other file or book kept with any District Lands Office. This information is provided in the form of a certificate, called "SEARCH CERTIFICATE". Applications A search certificate is issued only after the respective application has been filed and the prescribed fees have been paid. The application is filed on Form N.50 with any District Lands Office. Persons qualified to file an application Only an interested person or his/her agent or attorney may file an application to be issued a "search certificate" "Interested persons" means the owner of the property, his heirs, devisees and legatees, the owner of any trees, buildings or other objects on the land which belongs to another and vice versa, the person entitled to any right or interest in the immovable property, who satisfies the Director that he is a prospective purchaser or mortgagor, the plaintiff in any action against the owner of such property, the professional valuer who may require certain information for purposes of the valuing certain immovable property in a case relating to compulsory acquisition and includes any person not thus specified to whom the Director may specifically order that any information be furnished". |
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