Legal aspects of Cyprus land plot co-ownership
Mutual ownership of a land plot in Cyprus imposes certain limits on its disposal. In particular, this concerns the authorisation of owners to use or isolate the land. Other owners tend to refuse from signing any alienation documents, thus reducing the selling and purchase deal to null and urging the seller to return the money received from the buyer.
The best solution with respect to the land plot mutually owned by several owners is a mutual sharing agreement. Otherwise, nothing apart from obtaining the possession rights can be done with it.
The Cyprus Supreme Court has recently passed judgement in favour of the concept.