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Foreigners' Real Estate Acquisition Procedure in TRNC
The legal procedures that must be followed for foreigners to acquire property in Northern Cyprus are as follows:
1. Apply to the Ministry of Interior: Foreign nationals can purchase real estate in the Turkish Republic of Northern Cyprus by applying to the Ministry of Interior and obtaining approval from the Council of Ministers.
2. Check with the Land Registry and Castrate Office: Before purchasing real estate, it is essential to check with the relevant Land Registry and Castrate Office for any restrictions such as mortgages, seizures, or any personal declarations or conditions that may hinder the sale of the property.
3. Inclusion of the Contract: To protect legal rights related to the terms included in the contract between the property owner and the buyer, it is recommended to have the contract notarized at a registered Notary office and, it is advised to seek legal consulting from a law firm before signing the contract or get a law firm prepare contract of sale for you.
4. Legality Between Parties: In case of a dispute between the parties regarding the real estate, it is crucial to remember that the transfer of the situation to legal authorities in a legal and healthy manner and preventing any harm to the buyer can only be achieved through a correct, comprehensive, and legally executed contract registered with the relevant Land Registry Office.
These procedures ensure that foreigners can legally acquire property and reveal significant developments related to the acquisition of real estate by foreigners in the Turkish Republic of Northern Cyprus.
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