KOUZALIS LLC, an International law firm in Cyprus, analyses Fitch’s credit rating about Cyprus through Coronavirus era. During these very difficult financial times, Fitch, one of the “Big Three credit rating agencies” in the World, maintained Cyprus’ long-term credit rating at BBB. However, the outlook revision from positive to stable reflects the significant impact of […]
When the time gets tough When times get tough throughout the world you get to see two types of humanity. The selfish ones and the inspirational ones. With the recent coronavirus spreading worldwide this has been proven. You have the younger healthier people with money, panicking running to the shops and emptying the shelves of […]
Roofs on an apartment complex – who is responsible? If you own an apartment on a complex in Cyprus, more often than not at some point during your ownership, the topic of communal roofs will have arisen. Often owners believe that the responsible person/people are the top floor apartments. This is not the case. All […]
Know Your Client, (KYC) procedures in Cyprus, by your Cyprus Property Consultants, G. Kouzalis LLC. At G KOUZALIS LLC, as part of our stringent KYC (Know Your Client) procedure we insist on meeting every client FACE TO FACE who engages our service. This is something our office has always insisted on, however, we emphasize this […]
Essential services at a Communal complex, by your property specialists in Cyprus, G. Kouzalis LLC. On every communal project, there are services which are deemed essential and services which are not essential. The committee on your complex in Cyprus must ensure that the essential services are operational, and the non-essential services are available if possible. […]
Employing a management company to run Cypriot Complex advice by your Cyprus Lawyers G. Kouzalis LLC. Many Cypriot Committees (the management committee which manages the complex which properties are on) opt to engage a management company to maintain the complex. This is often done, as the management company provides a one-stop-shop to the Cypriot Committee, […]
Coronavirus article by Cyprus Lawyers Kouzalis Lawyers in Cyprus will like to advise that Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). Coronavirus disease (COVID-19) is a new strain that was […]
An article on Communal Fees by your Cyprus property specialists G. Kouzalis LLC Q: I live in a complex, and my communal fees seem very high… My friend also lives in a complex and she pays a lot less than me. This doesn’t seem fair. Why is this the case? This is a question […]
Your Cyprus Lawyers, G. Kouzalis Llc advise on Committees & owner information. All owners of properties on communal complexes in Cyprus are legally obliged to contact the Cypriot Committee of the complex and provide them with the appropriate contact information which the committee requires to perform its duties in running the complex for all owners. […]
Chasing nonpaying owners Every owner on a communal project (a project with 5 or more properties) must pay communal fees. It is a legal obligation under the Cypriot Constitution and specifically the Immovable property law that each owner must pay their share of the communal fees required to maintain the complex. If an owner doesn’t […]