Ensuring Peace of Mind
Andreas P. Siapanis & Associates LLC deals with a wide spectrum of legal matters relating to real estate and commercial property throughout Cyprus. The department advises developers, retailers, landlords, tenants, financial institutions and investors on the myriad of laws which affect transactions and disputes involving immovable property throughout Cyprus. Areas of expertise include the creation of leasing and sales agreements, acquisition of property by foreigners and property management for non-residents. The Firm also offers property due diligence and advisory services on issues such as applications to authorities for approvals for subleasing, subdivision, change of use and easements etc.
Due to its strategic location, large international community, high quality of infrastructure, warm climate and beautiful scenery, Cyprus is considered one of the most beautiful places to live. These factors, along with the fact that Cyprus is a member of the European Union, has many tax incentives, a secure legal system and a high standard of support services has made local and foreign purchases in immovable property a sound investment opportunity.
At Andreas P. Siapanis & Associates LLC support is provided throughout the client’s transaction, which includes contract drafting, acquiring the relevant approvals, carrying out procedures at the various government departments and calculating the relevant tax consequences involved. Additionally, to further facilitate our clients, the Firm has a close working relationship with the Land Registries in Cyprus and numerous ties with a wide range of property professionals, such as developers and land evaluators.
PROPERTY MANAGEMENT SERVICES
To facilitate Andreas P. Siapanis & Associates LLC’s foreign clients, a separate Property Management department has been created to provide clients with that elusive “Peace of Mind” when owning property in a foreign country. Furthermore, through the engagement of a property management service, the potential return on a property is largely augmented due to correct management. With an integrated support system of partners and trained technicians, some of the services that are provided include:
- Routine security checks of the property (doors & windows protected, detecting any abnormalities in the water and electrical meter readings)
- Property Maintenance (such as garden and pool maintenance)
- Managing rental tenants (advertising, background checks, collecting monthly rents, repair and maintenance work etc.).