Property with no Title Deeds

Property with no Title Deeds

Purchasers buying property which is part of a complex will probably not be able to get there title deed if it is a new complex. If it is a resale from a previous buyer, and not the developer, the title deed might have been issued. Even if it is not issued, your purchase can be safe and secured if the appropriate safeguards are taken by your lawyers.

Purchasers can feel safe as long as their lawyer acts as follows:

  • A search is made to confirm that the land on which the project has been built is on the vendor’s name and to make sure that is clear of any encumbrances. In the case of mortgages, matters become more complicated, but appropriate measures can and will be taken in order to ensure that your property will not be affected by them in any way.
  • That the Contract of Sale is stamped by the Tax Office and lodged with the Land Registry for Specific Performance purposes, (Law cap 232 as amended by the laws 50/70, 96/72 and 51(1)/95).
  • Investigation of the matter of issuance of title deed.