Updated
GL-D-07
Glossary · Cyprus PR
Direct title issue to the buyer - when the developer delays
A procedure for the buyer to obtain the title when the developer delays the transfer
01 / In 30 seconds
The short answer
- What it is
- A procedure for the buyer to obtain the title when the developer delays the transfer
- Law
- 139(I)/2015
- Conditions
- Price paid in full and a contract deposited with the DLS
- Where to apply
- The DLS office of the district where the property is
02 / In plain words
What Direct title issue to the buyer means
Direct title issue under Law 139(I)/2015 is the remedy for buyers who have paid in full while the developer fails to transfer the title for years. The buyer applies to the DLS directly, without the developer.
The law works under two conditions: the price is paid in full and the sale contract is deposited with the DLS. That is why we deposit the contract right after signing and keep every payment receipt.
For PR this procedure is not needed: the application is accepted with a deposited contract and €300,000 paid. But it matters to you as an owner: a title in your name lets you sell, gift or pass on the property without problems.
A simple example
A client bought a flat, paid in full and deposited the contract. Years later the developer has still not transferred the title. The lawyer applies to the DLS under Law 139(I)/2015 and the title is registered to the client.
When direct title issue is needed
- The developer has not transferred the title for years
- The developer is in debt or has closed
- You need to sell
- Inheritance
- Replacing the PR property
03 / What it covers
What the procedure requires
Conditions
- Price paid in full
- Deposited contract
- Delay on the developer's side
Documents
- Contract with deposit stamp
- Payment receipts
- Power of attorney for the lawyer
Where
- District DLS office
- Where the property is
- Through a lawyer
What you get
- Title in your name
- Certificate €5
- A fresh search certificate
04 / How it works
How the procedure works
Checking conditions
100% paid and contract deposited.
Documents
Contract, receipts, certificate, power of attorney.
Application
The lawyer applies to the DLS directly.
Review
The DLS checks the property and its entries.
Title
Certificate of ownership in your name.
05 / Key facts
What matters
01The law
139(I)/2015
Lets the buyer obtain the title without the developer's involvement.
02Conditions
Payment and deposit
The price is paid in full and the contract is deposited with the DLS.
03Timing
Not guaranteed
Review time depends on the DLS and the entries on the property. The department does not promise fixed deadlines.
04For PR
Not needed
The PR application goes in with a deposited contract. The procedure is about securing ownership.
Common mistakes
Not depositing the contract on time
Without a deposit the procedure is not available. We file within 1-2 weeks.
Losing payment receipts
Keep every proof of payment: without it you cannot show full payment.
Waiting for years and doing nothing
If the developer delays, the lawyer assesses whether an application under Law 139(I)/2015 is possible.
06 / Expert advice
How to prepare in advance
Keep the contract with its deposit stamp and all payment receipts in one place, with copies at your lawyer. Watch the title transfer deadline in the contract.
What we do for you. We track the title transfer deadline and, if the developer delays, assess the Law 139(I)/2015 route and file the application for you.
Igor VentsHead of real estate, Title Deed and property checks
07 / Questions
Frequently asked questions
A procedure for the buyer to obtain the title through the DLS when the developer delays.
139(I)/2015.
Price paid in full and a contract deposited with the DLS.
No, the buyer applies.
It depends on the DLS and the entries on the property. No fixed time is guaranteed.
No, PR needs only a deposited contract and €300,000 paid.
Cyprus PR glossary
- Cyprus PR programme →
- Cyprus PR
- ARC (Cyprus alien registration)
- Form MIP2
- Cyprus residence card
- Cyprus PR criteria
- Cyprus Migration Department
- Secure annual income
- Dependent students 18-25
- Cyprus PR monitoring
- Cyprus Department of Lands and Surveys
- DLS search certificate
- Encumbrance in Cyprus
- Developer mortgage in Cyprus
- Reservation agreement in Cyprus
- Sale contract in Cyprus
- Contract deposit in Cyprus
- Cyprus transfer fees
- Foreign buyer permit (Cap. 109)
- Planning permit
- Building permit
- Certificate of final approval
- Division permit
- First sale from a developer
- Resale property in Cyprus
- 18-month new building rule
- Commercial property for Cyprus PR
- Short-term rental licence
- VAT on Cyprus property
- Reduced 5% VAT on housing
- Cyprus tax identification code
- Cyprus stamp duty
- Cyprus capital gains tax
- Special defence contribution
- Cyprus non-dom status
- GESY health contribution
- Cyprus tax residency
- Cyprus income tax
- €300,000 investment for Cyprus PR
- Investment in a Cyprus company
- Investment in a Cyprus fund
- Cyprus PR government fees
- Source of funds for Cyprus PR
- Cyprus bank account
- Family members in Cyprus PR
- Apostille for Cyprus
- Certifying officer in Cyprus
- Citizen Service Centre (KEP)
- Sworn translator in Cyprus
- Police clearance for Cyprus
- Plan A health insurance
- Power of attorney for Cyprus
- Income affidavit
- Non-employment declaration
- Medical tests for Cyprus PR
- Cyprus citizenship by residence
- All terms →
INITIAL ASSESSMENT
Tell us what outcome your family needs
We will design a solution for your case, choose the country and the right status, and take the whole process through to the result.
