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Property advice

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Postby purdey » Mon May 11, 2009 5:37 pm

Because you have not made the final payment you should at least be able to discuss the problem. The ball is very much in your court without having to involve any third parties at the moment.
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Postby Z4 » Mon May 11, 2009 6:02 pm

True, but could still get a little messy though. LyingBuilder.com springs to mind!
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Postby bubblechris » Mon May 11, 2009 10:05 pm

Think i'm correct in saying that it's very dangerous in Cyprus to withhold contractual payments. If i'm correct you are in breach of cotract and the Courts uphold the Plaintiff's case without question if it can be proved your payment is late irregardless of how strong your case may be.

Furtheremore the best you can get if you prove your case is your money back! Do you really want to lose the apartment? Have you not made any profit on it, has it not gone up in value? If the answers No, maybe you can prove your suffering a 'financial' loss. There's no value to an aesthetic loss i believe so unless you've lost thousands and you can prove it i'd suggest you give up and enjoy what you're getting.

Apologies if i'm wrong. Good luck.
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Postby Lee A Kada » Mon May 11, 2009 11:27 pm

IMHO it depends on what plans you have signed. It sounds like this new balcony is on the 2nd floor, and you may have signed plans for the 1st only?

In which case I would doubt you have any comeback and maybe in breach of contract to withhold payment.

But all of this is pure speculation and as previous posts have said your lawyer is the best person to help.

Good luck!
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Postby purdey » Tue May 12, 2009 5:40 pm

You will be in Breach Of Contract if you withhold payment, but only if the build is as says on your signed off plans. On the otherhand if you involve a lawyer at such an early stage you will certainly be upping the anti and incurring more costs.
Talk to the developer, keep it polite and you may get a resolution quickly.
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