Türkiye’s housing market has undergone a dramatic transformation. According to Hakan Akçam, President of the Ankara Real Estate Professionals Chamber (ATEM), the number of tenants in the country has reached 24 million, while property prices have increased 18-fold and rents 12-fold during the same period. This explosive growth has not been without consequences. Currently, an estimated 1.6 million...
In Türkiye, rental deposits serve as a financial guarantee for landlords to secure their properties against potential damages or unpaid obligations. According to the Turkish Code of Obligations, the maximum allowable deposit amount is the equivalent of three months' rent. When Can a Landlord Legally Deduct from a Deposit? There are specific and legally defined situations in which a landlord may...
Inheriting real estate in Turkey comes with a clear legal process that must be followed step by step. Whether you're a Turkish citizen or a foreigner who has inherited property in Istanbul or any other region, understanding this process ensures your rights are secured and the property is officially transferred to your name. Here’s a breakdown of the inheritance process for real estate: 1. Obtain...
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