George Coucounis

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 ...

When part of someone’s land is taken by compulsory acquisition to become a public road, the owner can accept the issuance of a building permit in exchange, based on ...

The court has power to issue an order for the cancellation of a mortgage when the obligation secured has been paid off or ceased to exist A mortgage creditor has ...

No order for the recovery of possession of a property can be set aside if there is no compliance with the order of the court The recovery of possession of ...

In the event that termination of a sale contract for immovable property is held invalid, the purported termination constitutes a breach, resulting in consequences to the party in default Every ...

The court may set aside a judgement if a party did not appear at trial, under terms and if the application is made within 15 days after the hearing A strong ...

The encumbrance created by lodging a contract of sale at the land registry is valid until its cancellation The registration of a sale contract at the land registry creates an ...

A management committee of a jointly owned building may sue and be sued, but does not act as a private prosecutor The powers of a management committee (MC) are limited ...

The testator can put a fingerprint on the will or direct another person to sign on their behalf A disabled person who cannot sign a will because of a physical ...

An appeal is allowed only on points of law and the court of appeal does not go into issues of evidence evaluation The maxim that no person can be prosecuted ...

The title of a lawsuit concerning a company under liquidation specifies the name of the liquidator and their capacity In every legal proceeding involving a company under liquidation, its name ...

The upcoming tourist season is expected to be much better than 2019 Cyprus’ popularity as a high-quality, low-price tourist destination highlights its competitiveness, attracting more and more holidaymakers. Reservations in hotels ...

Disposition made with intent to defraud a creditor is deemed to have been made fraudulently and may be set aside by a court order The court can set aside disposition ...

Their registration in the register of the Deputy Ministry of Tourism contributes to the control of their operation and collection of taxes Short-term rentals attract visitors either for holidays or ...

Owners of agricultural plots of land which are essentially inactive, are increasingly showing interest in entering into the well-known blue contract, for the installation of solar parks for the production, ...

The district officer gives consent to the EAC to extend its network through a property, after consulting with the local authority The Electricity Authority of Cyprus often needs to extend ...

It may be ordered by applying for a writ of mandamus to the Supreme Court Every person exercising public authority must properly apply the law for the benefit of the ...