Setting up Power of Attorney Process for new purchasers
Purchasing in a Sole name: If a Person would like to purchase a property in their sole name there are 2 ways in which this can be done.
Firstly, if the purchaser visits Cyprus they can make an appointment with us at Sener Law Firm. During this appointment we will explain the purchasing process and take a Power of Attorney from them which they will sign here in our offices. This Power of Attorney, once signed, will allow us to sign the Contract of Sale on their behalf and apply for their Permission to Purchase. (Please note, the purchaser must bring their passport to the appointment).
In the event that the purchaser cannot physically sign Power of Attorney in Cyprus, the Second option would be for the Power of Attorney to be signed abroad. Once the client has contacted us and sent us a scanned copy of their current passport we can prepare the Power of Attorney and email it back to them. If the purchaser lives in a country that has a TRNC (Turkish Republic of North Cyprus) Representatives Office they will then take the Power of Attorney to their local TRNC Office for signing. If the country that they live in does not have a TRNC Representatives Office then they will take the Power of Attorney to Turkish Embassy. Once this has been done we would then inform the client of how they must return to us the original Power of Attorney.
Purchasing in Joint Names (for both Contract and Title Deed purposes)
In the event that the purchasers would like to purchase a property in joint names and would like the Contract of Sale and Permission to purchase Application done in joint names we would require a Power of Attorney from these clients. In order to prepare the Power of Attorney we would require the purchasers’ up to date passports. If the purchasers are able to visit us at our office we can prepare the Power of Attorney during their visit and arrange for it to be signed at the same time.
However if one or both parties are unable to visit our office the Power of Attorney to be signed abroad, once the clients have contacted us and sent us a scanned copy of their current passport we can prepare the Power of Attorney and email it back to them. If the purchaser/s live in a country that has a TRNC Representatives Office they will then take the Power of Attorney there for signing. If the country that they live in does not have a TRNC Consulate then they will take the Power of Attorney to a Turkish Embassy. Once this has been done we would then inform the client of how they must send us the original Power of Attorney.
Title Deed Only in Joint names: If only one person comes to carry out Power Of Attorney but would like to take title jointly with another party, this can easily be done and is a straight forward procedure. As long as we have one family member on the contract we do not need the second member to go to the trouble of obtaining a Power of Attorney, since to apply for permission to purchase we will only need them to provide us with their Police Report, Passport Copy and for them to complete a Form which is obtainable from our office.
By Sumaya from EB Sener
Note: If you have any further questions about setting up Power of Attorney for a property purchase, please contact EB Sener or another of our Recommended Lawyers.