George Coucounis

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 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 ...

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 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Lending is a contractual relationship based on the granting of a loan or banking facility by a banking institution to an interested borrower for a specific use. It requires an ...

It presupposes the issuance of a title deed and failure by the buyer to fulfil his obligations to the bank A collateral assignment agreement is commonly used by a property ...

A liquidator must be a licensed insolvency practitioner The liquidator of a company, if they are not the official receiver who by virtue of their office is qualified, must be ...

A legally terminated agreement ceases to be valid An innocent party to a property sale agreement, whether a vendor or purchaser, can terminate it without this having any legal effects. ...

Transfer of property made without free consent of the owner is voidable The unstable health of a person may lead another person from the close family and friends to take ...

The licence is personal, non-assignable and non-inheritable and expires upon the death of the beneficiary As part of its refugee housing policy, the state grants licences for the use of ...