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What do you spend most of your money on?

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Re: What do you spend most of your money on?

Postby B25 » Tue Jun 06, 2017 7:50 pm

Get Real! wrote:
Pyrpolizer wrote:...but it won't work on other birds e.g the crows are so damn clever.

Pyro, I'm disappointed! Why would I want to hurt crows? Crows are beautiful and harmless to us.

It's the fucking pigeons you should all be aiming for, who cost us millions every year!


Crows are pests, they eat the vegetable seeds planted, like beans and such like. They also attack lambs and peck out their eyes. Yes crows need shooting too.
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Re: What do you spend most of your money on?

Postby Get Real! » Tue Jun 06, 2017 8:05 pm

B25 wrote:They also attack lambs and peck out their eyes. Yes crows need shooting too.

:shock: Sovara? Re dous adimous... :?

That's disgusting! :? :lol:
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Re: What do you spend most of your money on?

Postby Pyrpolizer » Tue Jun 06, 2017 8:32 pm

Get Real! wrote:
Pyrpolizer wrote:...but it won't work on other birds e.g the crows are so damn clever.

Pyro, I'm disappointed! Why would I want to hurt crows? Crows are beautiful and harmless to us.

It's the fucking pigeons you should all be aiming for, who cost us millions every year!


Because the crow-crow like crazy, and because the shit on my car, and their tarts are the most acidic of all birds,imagine they already patched the paint of my wife's brand new Mazda and because they are actually hostile to other birds eating their eggs from nests as well as their young.

Before getting connected to the sewerage system I also had a problem with rats from my neighbor's yard whose sweage system was always smelling bad, and he had that habit of piling whole shiploads of fire wood for the winter.-perfect place for rats to multiply. I woke up at dawn in a morning and saw about 5 on his pomegranate eating the fruit. Took my weigh-rauk and cleared them all in 5 minutes. :lol:

btw shoot down a crow and watch what happens. The first time it happened I got scared. Have you seen Hitchcock's movie "the birds"?
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Re: What do you spend most of your money on?

Postby GreekIslandGirl » Tue Jun 13, 2017 8:11 pm

Great, thanks folks. Sad too many waste on cigarettes etc but I guess my overindulgence with cake and chocolates equalizes that! :P

Anyway, bit of a long shot - buying an apartment in Cyprus?

For example, is there the same system with 999 year leases in Cyprus as in the UK?

I know you would have to pay a management fee but what sort of regulation is there over these to avoid them being raised?

Lastly, what if you wanted to rent out your flat or use it as a holiday let, would there be restrictions on that?

Basically, are apartments effectively leaseholds owned by someone else?

Thanks in advance :)
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Re: What do you spend most of your money on?

Postby B25 » Tue Jun 13, 2017 9:07 pm

GreekIslandGirl wrote:
Anyway, bit of a long shot - buying an apartment in Cyprus?

For example, is there the same system with 999 year leases in Cyprus as in the UK? No

I know you would have to pay a management fee but what sort of regulation is there over these to avoid them being raised?

There is no regulation to management fees per se. It depends what you mean by management fee? If you mean someone to rent it out for you and manage it, cleans, welcome packs, etc, then that depends on the management company you use.

If you mean management as in the complex management for dealing with communal stuff, then each owner is liable for his share of the cost based upon the m2 of your apartment.

Again a complex committee can shop around for a company to do this at the best possible price.


Lastly, what if you wanted to rent out your flat or use it as a holiday let, would there be restrictions on that?

Well, the law states that to rent out your apartment you need a CTO licence, it is costly, time consuming and a complete waste of fkn time. No one obtains one, it is the norm in Cyprus for these kinds of BS rules that no one follows and is not enforced. You could say the same about Final Certificates, under the law you cannot occupy a building that has no FC, yet, all the properties being sold and been sold since 2004 have no such FC, well a great majority of them any way.

Recently reported, the Ministry of health occupies a building with no build permit never mind FC! Work that one out.


Basically, are apartments effectively leaseholds owned by someone else?

No, if you have the title you are the absolute owner, there are no ground rents as such, just be careful you don't buy in a rent control area, get your lawyer to check this out.


Thanks in advance :)
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Re: What do you spend most of your money on?

Postby GreekIslandGirl » Tue Jun 13, 2017 11:27 pm

B25 wrote:
GreekIslandGirl wrote:
Anyway, bit of a long shot - buying an apartment in Cyprus?

For example, is there the same system with 999 year leases in Cyprus as in the UK? No

I know you would have to pay a management fee but what sort of regulation is there over these to avoid them being raised?

There is no regulation to management fees per se. It depends what you mean by management fee? If you mean someone to rent it out for you and manage it, cleans, welcome packs, etc, then that depends on the management company you use.

If you mean management as in the complex management for dealing with communal stuff, then each owner is liable for his share of the cost based upon the m2 of your apartment.

Again a complex committee can shop around for a company to do this at the best possible price.


Lastly, what if you wanted to rent out your flat or use it as a holiday let, would there be restrictions on that?

Well, the law states that to rent out your apartment you need a CTO licence, it is costly, time consuming and a complete waste of fkn time. No one obtains one, it is the norm in Cyprus for these kinds of BS rules that no one follows and is not enforced. You could say the same about Final Certificates, under the law you cannot occupy a building that has no FC, yet, all the properties being sold and been sold since 2004 have no such FC, well a great majority of them any way.

Recently reported, the Ministry of health occupies a building with no build permit never mind FC! Work that one out.


Basically, are apartments effectively leaseholds owned by someone else?

No, if you have the title you are the absolute owner, there are no ground rents as such, just be careful you don't buy in a rent control area, get your lawyer to check this out.


Thanks in advance :)


Hey, B25, thank you so much. :) You've clarified everything. I've never been comfortable with the leasehold business here in the UK. Cyprus sounds more logical.

The 'management company' I was thinking of was those you pay to keep pools clean and the grounds tidy. I know rental agencies are a matter of choosing the right one and you can probably change them if they are no good - but those attached to an apartment are probably more long-standing and possibly problematic and you have to get this right before buying.

Anyway, I didn't know about rent control areas, so I owe you for pointing out that one. I'll check.

I don't want to hog you for free advice, but do you also know much about those gated communities? Do the villas continue to be owned by the property developers and is it them that you pay management fees for looking after the grounds? I saw a nice house near the sea (unusually cheap) but it is in a gated community with many similar ones. Again, I'm not sure if the developers continue to have a hold over you when you buy.

xx
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Re: What do you spend most of your money on?

Postby B25 » Wed Jun 14, 2017 12:11 am

Gated or not the villa is owned by the buyer. If it has title great if not then you need to check the kegal status before proceeding.
It is normal for the developer to be the management company, you need to ask beforehand, but of late many let them go to the residents committee. Who will you be buying from? Developer or private?
Does the community have a communal pool?is it just villas? Are there any apt blocks on site? Does it have any other facilities like gym, tennis court and so on? This will give an indication of the annual communal fees, again based on the m2 of the villa.
Does this answer you?
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Re: What do you spend most of your money on?

Postby Pyrpolizer » Wed Jun 14, 2017 12:37 pm

May I also add that if you own a villa and the gated place has say 20 villas all exactly the same size and value, then your title deed states specifically that you also own 1/20th of the common lands or facilities .. So you also own 1/20 of the swimming pool, 1/20th of the gardens, 1/20th of the sewage treatment plan if it exists, 1/20 of the walkways etc etc. Simple isn't it?
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Re: What do you spend most of your money on?

Postby B25 » Wed Jun 14, 2017 6:54 pm

It does have to be gated for that. Thats normal during horizontal subdivion.
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Re: What do you spend most of your money on?

Postby GreekIslandGirl » Wed Jun 14, 2017 9:24 pm

B25 wrote:Gated or not the villa is owned by the buyer. If it has title great if not then you need to check the kegal status before proceeding.
It is normal for the developer to be the management company, you need to ask beforehand, but of late many let them go to the residents committee. Who will you be buying from? Developer or private?
Does the community have a communal pool?is it just villas? Are there any apt blocks on site? Does it have any other facilities like gym, tennis court and so on? This will give an indication of the annual communal fees, again based on the m2 of the villa.
Does this answer you?


Hi - thanks again for taking the time to provide details. Yes, that sounds very reassuring - so different to leaseholds that exist in the UK. :)
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