Cyprus-Forum.com

[Oracle]

"No comparison" means little. Of course there is a comparison; I just made one!

You may want to bury your heads in the sand and expect a Freehold property without charges when you have bought something with communal areas, but that is a long way from being a "no comparison" case.

Of course, without seeing individual contracts it's hard to establish; but that's probably why so many Brits moan, but in actual fact so few have a realistic case!

You won't get chucked out. The RoC is too nice. But, you failed big-time to stave your lust for money. Too greedy to slow down and read the small print ....

[hissyfits]

Cuckoo, Cuckoo.

More research Oracle. Now your confusing this issue with communal areas and maintenance fees rather than actual ownership.

Too greedy to read the small print! Is that the best you can do.
You really need to know a few more Cypriot developers before you have a true understanding of the word greed.

[Oracle]

.
You really need to know a few more Cypriot developers before you have a true understanding of the word greed.

Well, here's the crux of the problem. Developers are business people who are greedy (the world over), by the very nature of their business. (Personally, I wouldn't touch one with a barge pole ). Combine that with eager customers, equally greedy for investment value (most of those with problems just wanted to make some fast bucks, hence easy prey), and you have an explosive mixture.

But, I'll re-iterate my earlier point; if you share communal areas, then you are effectively leasing the use of land which others own. If that "other" is your developer, then of course he will exploit his land for profit and put you at risk. As I said, leaseholds also get sold in the UK and the new owners (banks?, other businesses), can put up the rents etc.

[miltiades]

O , the Brits who bought in Cyprus , in the free parts , did not do so out of greed , mostly retired folk who wanted to spend the rest of their lives in a warm climate with hospitable natives and away from the husle and bustle of UK . I doubt that " greed" had anything to do with them investing in Cyprus for their retirement , I also modestly invested for my retirement in Cyprus .
The Cypriot developers ARE GREEDY , there is no doubt about this , I have had personal experience but naturally being of Cypriot birth and fluent in Greek I had no difficulty in giving them a piece of my mind , crudely I might add , where the Brits , trusting as they are by nature relied on the integrity of these developers. Defending sharp practices does not in any shape or form help the image of Cyprus.
There are many examples of downright fraud taking place right this minute. The greedy unscrupulous developers must be challenged by the legal system.
Every one on this forum know of my passionate love of Cyprus and its people but it does not in any way mean that I have to support illegalities and exploitation , hence why I was so pleased that Lidl have opened up in Cyprus and are now , for the first time in Cyprus , introduced REA competition for the benefit of the Cypriot consumer who has been exploited by the Barons for years now .

[Oracle]

... Although in the UK the leasehold can be sold to another party, after first refusal by the existing tenant ...

Effectively, this is another point of similarity; some cases' gripes are about having to find, say, 10,000 Euros or whatever, to buy out the loans/Tax and the Developers' interest in the property so that "Freehold" Title Deeds are finally obtainable.

[Oracle]

That is one of the reasons a land registry searches are carried out.

Those were never enough in the first place. However, most Brits faced with unexpected charges on what they thought were Freehold properties usually paid up and shut-up-ed! ... That was in the "good olde days". (Brits abroad get really lippy, dontcha find?). Anyway, that was because most of the charges were made by the Church of England for maintenance of their dilapidated Churches. Due to the changing face of England, the "ugly" head of multiculturalism, and the lippiness of the "immigrant" types, especially irate Muslims/atheists -- a new search has had to be introduced by conveyancers/solicitors -- Chancery Search! (not yet fully operational, methinks)

[Oracle]

O , the Brits who bought in Cyprus , in the free parts , did not do so out of greed , mostly retired folk who wanted to spend the rest of their lives in a warm climate with hospitable natives and away from the husle and bustle of UK . I doubt that " greed" had anything to do with them investing in Cyprus for their retirement , I also modestly invested for my retirement in Cyprus .
The Cypriot developers ARE GREEDY , there is no doubt about this , I have had personal experience but naturally being of Cypriot birth and fluent in Greek I had no difficulty in giving them a piece of my mind , crudely I might add , where the Brits , trusting as they are by nature relied on the integrity of these developers. Defending sharp practices does not in any shape or form help the image of Cyprus.
There are many examples of downright fraud taking place right this minute. The greedy unscrupulous developers must be challenged by the legal system.
Every one on this forum know of my passionate love of Cyprus and its people but it does not in any way mean that I have to support illegalities and exploitation , hence why I was so pleased that Lidl have opened up in Cyprus and are now , for the first time in Cyprus , introduced REA competition for the benefit of the Cypriot consumer who has been exploited by the Barons for years now .

No, you're wrong Miltiades! MOST Brits don't have such problems when buying in Cyprus. There's just a few who fell into these legal loopholes. But, they are the loudest. ... Bit like you!

And, stop trying to turn Cyprus into a "little England" with your cheap and nasty supermarkets!

[miltiades]

O , the Brits who bought in Cyprus , in the free parts , did not do so out of greed , mostly retired folk who wanted to spend the rest of their lives in a warm climate with hospitable natives and away from the husle and bustle of UK . I doubt that " greed" had anything to do with them investing in Cyprus for their retirement , I also modestly invested for my retirement in Cyprus .
The Cypriot developers ARE GREEDY , there is no doubt about this , I have had personal experience but naturally being of Cypriot birth and fluent in Greek I had no difficulty in giving them a piece of my mind , crudely I might add , where the Brits , trusting as they are by nature relied on the integrity of these developers. Defending sharp practices does not in any shape or form help the image of Cyprus.
There are many examples of downright fraud taking place right this minute. The greedy unscrupulous developers must be challenged by the legal system.
Every one on this forum know of my passionate love of Cyprus and its people but it does not in any way mean that I have to support illegalities and exploitation , hence why I was so pleased that Lidl have opened up in Cyprus and are now , for the first time in Cyprus , introduced REA competition for the benefit of the Cypriot consumer who has been exploited by the Barons for years now .

No, you're wrong Miltiades! MOST Brits don't have such problems when buying in Cyprus. There's just a few who fell into these legal loopholes. But, they are the loudest. ... Bit like you!

And, stop trying to turn Cyprus into a "little England" with your cheap and nasty supermarkets!

O if I was ...accustomed to using ...foul language , heaven forbid , I would have something to say to you , however being the gentleman that I'm I shall make do with this : Rather than have the "local" supermarkets
fleecing the Cypriot consumer I would rather have Lidl , and Aldi soon , offering value for money. Too long now the moguls of Cyprus have been conning the public. Locally produced wines for more than 10 Euros ????
Wines that are just drinkable , nothing special just drinkable.
As for the Brits who are experiencing problems with developers as I understand is that they have paid their money and have not received their deeds , perfectly justifiable grievance I ought to say wouldn't you ?

[hissyfits]

O,

Developers DO NOT OWN COMMUNAL AREAS, the residents have shared ownership.This is stated in their contract. So they do not "lease anything from the developer" Therefore he is not at liberty to charge anything.
Sometimes the contracts give the developer responsibility for maintaining the communal areas at an agreed fee but this is in no way part of any "leasehold" agreement. When the developer has been paid in full, there is absolutely no reason for him to mortgage the property or demand further payment. Its fraud and it is scandalous that the government do not take any action to stop this from happening.

If you think mortgaging properties already paid for and refusing to hand over title deeds is a relatively small problem, affecting a few "greedy Brits" then you are sadly mistaken. Corruption within the Cyprus property industry is rife. Again I repeat you are defending the indefensible.

[Mr. T]

O,

Developers DO NOT OWN COMMUNAL AREAS, the residents have shared ownership.This is stated in their contract. So they do not "lease anything from the developer" Therefore he is not at liberty to charge anything.
Sometimes the contracts give the developer responsibility for maintaining the communal areas at an agreed fee but this is in no way part of any "leasehold" agreement. When the developer has been paid in full, there is absolutely no reason for him to mortgage the property or demand further payment. Its fraud and it is scandalous that the government do not take any action to stop this from happening.

If you think mortgaging properties already paid for and refusing to hand over title deeds is a relatively small problem, affecting a few "greedy Brits" then you are sadly mistaken. Corruption within the Cyprus property industry is rife. Again I repeat you are defending the indefensible.

I'm certain that it was just an oversight on your part but you didn't point out to she who has so little knowledge of leasehold property that the freeholder can only ever charge the rent shown in the lease.

One could imagine any freeholder/landlord who tried to do otherwise being immediately taken to court and being told in no uncertain terms ' This isn't Cyprus'.