- Cyprus Property News Magazine - https://www.news.cyprus-property-buyers.com -

Bill to give more powers to Land Registry Directors

DESIGNED to overcome disputes involving the division of co-owned properties, a bill has been submitted to Parliament that will give the Directors of Land Registries powers to resolve the situation.

The bill seeks to provide a resolution to co-owning problems, when their owners seek to divide or distribute their properties and one or more of the co-owners refuses to cooperate without reasonable justification.

According to a report that accompanied the bill, the Director will be given the necessary powers to decide on the division and distribution of the co-owned property in question and will take into account contracts of sale, shares of ownership and building permits when reaching his decision.

In addition, the procedure to divide and distribute a co-owned property may be instigated by any interested party, the planning authority, or by the Director himself, while at the same time the Director will be able to distribute the new pieces or units.

The government believes that these changes to the law will be significant due to efforts being taken to legitimise planning infringements under the provisions of the Town Planning Amnesty. Many amnesty applications involve the shared ownership of land and the proposed changes to the law would ease the issuing of Title Deeds to the purchasers of properties and beneficiaries.