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What do Allocation Property and Allocation Title Deed mean?

April 26, 2017allocation deed mean Property title

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What do Allocation Property and Allocation Title Deed mean?

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After the division of Cyprus into North and South in 1974, support has been sent by the Turkish Republic to the Turkish side whose population had lessened as a result of the war, and some Greek property has been allocated to Turkish subjects from Turkey, to be used as their residence. Different from the equivalent title deeds, title deeds of these properties were not given to Turkish subjects who came from Turkey. However, as a result of not being given the title deeds, Turkish subjects of Turkey have not done any repairs and/or investment on these properties. Hence, a consensus (public opinion) was reached, and as a result of this consensus, Allocation Title Deeds have been given for Allocated Properties under the ITEM Law.