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Property Developers, Leaseholds and Freeholds ...

Feel free to talk about anything that you want.

Postby hissyfits » Fri Nov 05, 2010 11:00 pm

We have to cover this bit by bit Mr. T as SHE has no concept of what is happening in her own country let alone get her head around the complexities of laws appertaining to Freehold and Leasehold property.

I think we'll get there as I suspect it's more an attitude and behavioural problem than an educational one.
All the best
Greedy Brit.
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Postby Oracle » Sat Nov 06, 2010 12:04 am

hissyfits wrote: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 not defending anything. Merely trying to help the afflicted come to terms with their losses.

However, you are making a mountain of accusations without any evidence and then attributing that to me.

If corruption was so rife, how stupid do you want me to believe the Brits are for, lemming-like, all following each other?

Hissyfits? -- aptly named, methinks!
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