Cyprus title deeds are a series of legal documents which record land and property ownership. In Cyprus, the title deed is essential for any real estate transaction as proof of property ownership. It is required for various processes, including selling the property, securing a mortgage, or even legal matters.
For example, if you're buying a house in Cyprus, you must ensure the seller provides you with the title deed to confirm their ownership and eventually transfer it to your name.
How do you transfer property in Cyprus?
Property is transferred in person or by proxy (usually your lawyer) at the district offices of the Department of Lands and Surveys. You will need identification, the contract of sale and title deeds (if it is a resale).
Moreover, you will fill in a declaration of transfer form (form N 270, from the Department of Lands and Surveys) and a form stating that all taxes have been paid (form N 313, found on the website of the Tax Department).
What do title deeds look like?
Title deeds are official documents issued by the Cyprus Republic that contain all the details concerning a property. They are formal and have a government seal.
The documents include property description, owner information, encumbrances, registration number, previous ownership history, legal decisions, and details of any long-term leases or rights.
Is it safe to buy a house in Cyprus without title deeds?
If the property is not a new development, the answer is No; it is unsafe. It is better to find out why there are no title deeds and seek the advice of a lawyer. The law protects you, but it is not recommended to proceed without at least talking to a lawyer first.
