Dr. K. Chrysostomides & Co LLC
HOME CONTACT US SITEMAP
 
English Pусский 中文
LEGAL UPDATES
print this page email this page
Town Planning Amnesty legislation
25.03.2011
Area(s) of Practice: Real Estate Law

"Town Planning Amnesty" legislation

On 24 March 2011, the House approved unanimously the amending laws on Town Planning, Roads and Structures, and Immovable Property. The new legislation essentially provides for legalizing real estate property that lacks a title deed due to minor town-planning or building irregularities, on condition that third parties are not affected. Properties may now be legalized for a fee, thus securing a final certificate of approval and the deed. Alternatively, a title deed issued will list on it the property’s irregularities. Applications may be submitted to the Town Planning Department within six months. It is noted that two more bills related to the “town planning amnesty” package, namely the “Sale of Land (Specific Performance) Law of 2010” and the “Contract (Amendment) Law of 2010”, are still undergoing discussion before the Standing Parliamentary Committee on Legal Affairs.

 

Back to Legal Updates
Copyright © 2011 Dr. K. Chrysostomides & Co LLC, All Rights Reserved.  |  Disclaimer Design & Development by BDigital  |  Powered by WebStudio