Consent of all co-owners required for release from mortgage
A mortgage is a charge placed on immovable property by its owner to secure a sum of money or an obligation from a mortgage creditor. While in the case of ...
Articles
Deputy mayors supposed to take on substantial responsibilities
The administration of each municipality is exercised collectively by the council, in which the mayor, deputy mayors and councillors participate as members. Within the framework of their responsibilities, they manage ...
All parties should be litigants in actions concerning property
In order for a court to be able to judge and decide on a claim of a right to an immovable property the presence of all necessary parties is required. ...
Bill on acquisition of real estate by foreigners
The bill submitted to the House of Representatives by the MP for Famagusta of Disy, Nikos Georgiou, with the aim of amending the legislation governing the acquisition of real estate ...
Written notice of eviction should include reason
The Rent Control Law, depending on the case, sets specific conditions for the issuance of an eviction order for a statutory tenant, which are set cumulatively and not alternatively. The ...
Estoppel due to res judicata: finality in disputes is imperative
The principle of finality arises as an obstacle to the partial adjudication of disputes when there is duplication of the parties and the disputed issues. The party is prevented from ...
Order of encumbrance and sale of shares
As a way of securing and repaying a debt, a court may issue an encumbrance order for the sale of a debtor’s shares in a private company. These court ...
Use of Artificial intelligence in legal practice
The rule of law presupposes the employment of a sufficient number of judges who are able to provide results to the citizens who go to court to resolve disputes or ...
Appropriation of payment to pay off a specified debt
The exercise of the right by a debtor to choose and determine for which debt he makes a payment binds the creditor who accepts it and they must allocate it ...
Buyer lost the house and his money
Everyprospective buyer must conduct due diligence before purchasing a property, investigating all aspects concerning both the property and the seller, especially when it is a company and intends to develop ...
What happens when a tenant terminates tenancy early?
Following early termination of a tenancy, the owner of the rented property may find issues arise with the tenant, either regarding rent owed or compensation for damages to the landlord ...
When managing property a municipal authority acts as a private individual
Municipalauthorities, like the state, have real estate which they manage privately in order to meet their cash needs, acting as a private individual, to develop the property and derive financial ...
Leave of the court required to execute a conditional judgment
Property disputes between ex-spouses can be settled by the issuance of a court decision, but this should be conditional and leave it to them to fulfil mutual obligations towards each ...
Legality of issuing a new compulsory acquisition order
The Supreme Constitutional Court seems to have definitively untied a difficult legal issue by interpreting Article 23.4 of the Constitution, regarding whether a compulsory acquisition order whose purpose has been achieved, ...
What happens when a tenant damages property?
The lease of premises creates a reasonable concern of the owner regarding any damage or failure to maintain the premises by the tenant. Therefore, each tenancy agreement contains a relevant ...
Raising a counterclaim before the rent control court
Raising a counterclaim is a procedural issue and depends on the party against whom a claim is raised before the rent control court. It is important that there is identification ...
Large number of apartment buildings uninsured
The management committee of apartment buildings is legally obliged to insure the jointly owned building and keep it insured at all times against fire, lightning and earthquake, with a licensed ...
Assignment as a means of securing lending
The assignment agreement is increasingly being offered as a means of securing lending instead of a mortgage and is now being adopted more by banks for customer lending. The borrower ...
Specific performance of an agreement concerning property
In the exercise of its discretion, the court may invoke the law of equity and order the specific performance of an agreement relating to immovable property, in the context of ...
Ranking of securities ‘pari passu’
The latin term ‘pari passu’ is used as terminology in legal, financial and other areas of everyday business and conveys the meaning of equal and proportionate treatment without priority.
In ...
Legalising a change in use of rented premises
The parties to a rental agreement normally agree as to the use of the demised premises and a term is included obliging the owner to sign any necessary application for ...
A notary exercises preventive administration of justice
The introduction of the notary, who is an officer of preventive administration of justice, in Cyprus, as it exists in Germany and other countries, will solve several problems that constantly ...
Purchase of a share of co-owned land
The division of a piece of land into separate plots constitutes an important procedure which is subject to the town-planning restrictions on the land, the requirements set by the law ...
Revocation of mutual-mirror wills
The disposal of a property through a will is similar to disposal of a property by way of a gift during one’s lifetime, an act which demonstrates the love ...