CITIZENS/COMPANIES
VESTING OF SECURITY CONTRACT
Who can apply:
If the purchaser has secured a loan for the purchase of the property, he/she has the right to vest to his/her creditor the rights arising from the Sale Contract. In this way, the purchaser facilitates his/her
borrowing by encumbering the Sale Contract for the benefit of his/her creditor.
Required Documents / Conditions / Samples:
- Application Form Δ.Ε.131
- Deposit of the Contract stamped with "stamp duty paid" and certification of the signatures of all parties to the contract
Note:
- The transferee/applicant (bank) should deposit the application and the Vesting of Security Contract to the competent District Lands Office.
How to submit:
Acceptance of the application is made at the District Lands Office where the property is located
Fees / Charges:
| FEES |
|---|
| €200.00 For the deposition of the Contract |
