Shareholding in a company
A company should preferably not be dependent on two directors with 50 per cent of its shares each
The shareholding or management structure of a company may create problems when a ...
Articles
Joint bank accounts of spouses
Banks are obliged to act on the terms agreed with clients when opening the account
The opening of a joint bank account in the name of more than one person ...
How a tenancy is distinguished from a licence
The decisive factor is the granting of exclusive possession for a fixed period at a stated consideration
There are many cases where there is confusion as to whether the legal ...
Appointment and authority of agents
The representation of another person presupposes the existence of authorisation mainly through power of attorney and the transaction carried out is valid and binding on the principal. According to the ...
Town planning decisions without sufficient reasoning
The department of town planning and housing and the municipalities acting as town planning authorities are materially responsible for the granting of town planning permits, authorising building or the execution ...
The human right to a healthy environment
Citizens should be involved in the protection of the environment
The right to a healthy environment is a fundamental human right that has not yet been enshrined in international conventions ...
Demand for payment of compensation from EAC
When a restriction on property causes a substantial reduction in value, compensation must be paid
The owner of a property affected by the laying of any electric line either above ...
Staffing issues in tourism sector must be dealt with
Cyprus has been established as an important attractive tourist destination and this year is heading towards a very high performance. Over the last few months bookings have exceeded 95 per cent ...
Rights when a rental agreement expires
A property owner who notifies a tenant when their rental agreement expires that they do not intend to renew it and calls on the tenant to surrender the property, is ...
Renting of communal parking space
The law of equity and trust intervenes and protects the tenant
When the underground space of a building, intended to be communal parking space, is rented out to be used ...
Tax evasion in real estate
Lack of controls by authorities enables illegalities
The system of taxation of real estate seems to leave enough room for exploitation and tax avoidance, due to loopholes in the legislation ...
Service of court documents within the European Union
European Regulation (EC) 1784/2020 entered into force on 01.07.2022 and regulates judicial cooperation in civil and commercial matters between EU member states when a judicial or extrajudicial act must be transmitted from ...
Providing access to an enclosed property
Existing access for the benefit of a neighbouring property should be taken into account
Some properties are enclosed and lack the necessary right-of-way to a public road, or have insufficient ...
Claim for compensation due to town planning
Claim must be submitted within six months from the date of the notice of the town planning decision
When seeking compensation due to land value being negatively affected by a ...
Obligations of statutory tenant and landlord
The tenant is obliged to pay rent and the owner to make repairs
A lease, like any other contract, contains the contractual rights and obligations for landlords and tenants.
In ...
The rights of property co-owners
The right of ownership takes precedence over possession, unless it was acquired as a privilege or right and registered with the land registry
The right to own immovable property, and ...
Failure to deposit a sale contract at the land registry
Late deposition may be permitted by a court order
If a buyer fails to deposit a sale contract they have entered into for the purchase of a property without a ...
Time limit for filing summons for directions
Failure to file renders the action abandoned and subject to dismissal
Under Order 30 of the Civil Procedure Rules, there is a ninety-day period from the date on which pleadings are ...
Power to set aside arbitral award
An arbitral award procured in violation of the principles of natural justice is subject to annulment
Arbitrators are subject to review by the court, and where an arbitrator has committed ...
We need strong municipalities with strong mayors
The reform of local government must come through its essential modernisation
Local self-governing authorities that are capable of responding to their mission in the modern era, with powers and responsibilities ...
Registration of a trust at the land registry
An immovable property is transferred and registered in the name of the trustee
A person wishing to transfer an immovable property to a loved one or any other person, can ...
Requesting information from the land registry
The director of the land registry provides information to an interested person for any entry or transfer in the land registry upon payment of a fee
There are various reasons ...
Agreement for the reservation of property
Reservation fees are not refundable if the interested party backs out of the purchase
A property owner may take a reservation fee from an interested purchaser in exchange for taking ...
Estate agent’s commission may be contractual or reasonable
AN estate agent, in the exercise of his profession, provides mediation services, with the aim of carrying out a real estate transaction between a seller and a buyer. The relationship ...