Resale properties with Title Deeds
February 19, 2009
3 | Resale properties with Title Deeds
This scenario is where there is a sale by an owner of a
property directly to a buyer. A separate Title Deed has
already been issued and therefore the only two parties
which need to be involved in the sale are the Seller and the
Buyer.
In order for this sale to proceed it is necessary for the
following to be in place:
• A contract between the two parties defining the
property being sold and bought and the price for the
property;
• A Tax Clearance Certificate from the seller to confirm that
any Capital Gains Taxes and Immovable Property Tax have
been paid;
• Confirmation that the buyer has received his permission
of acquisition from the Council of Ministers;
FOTOS PITTADJIS
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