📌 In real estate transactions, a deposit (kapora) is a payment made as a financial guarantee during the process of renting or purchasing a property. ✅ Legal Basis of Deposit Payments According to Article 177 of the Turkish Code of Obligations (Law No. 6098), deposits serve as proof that a contract has been established. However, the legal nature and refundability of the deposit depend on its type...
Selling a property does not automatically terminate an existing lease agreement. ✅ What Happens to the Lease When a Property is Sold? According to Turkish Law of Obligations, when a property is sold, the lease agreement is transferred to the new owner under the same conditions. The new owner is required to notify the tenant in writing about the change in ownership. ✅ Who Should Rent Payments Be...
Many tenants believe that once they vacate a rental property, their lease is automatically terminated. However, under Turkish rental laws, a lease remains legally valid until the keys are officially returned to the landlord. Legal Implications of Not Returning the Keys Even if the tenant moves out and stops living in the property, the lease continues to be in effect until the keys are handed over. The...
The family home annotation is a legal protection that prevents a home used as a common living space within a marriage from being sold, transferred, or mortgaged without the consent of both spouses. Regulated under Article 194 of the Turkish Civil Code, this annotation particularly safeguards spouses who may not have an income or are not official property owners. How to Register a Family Home...
When a real estate transaction is registered at a value lower than its actual market price, the Turkish tax authorities can impose significant penalties and interest on the unpaid amount. Under Turkish tax law, both the buyer and the seller are legally responsible for any missing tax payments. Consequences of Declaring a Lower Property Value If it is determined that the property price was underreported...
The latest report by BestBrokers.com has revealed the ranking of the most affordable countries to buy a home worldwide. According to the report, Turkey is ranked second to last in terms of housing affordability. How Long Does It Take to Buy a Home in Turkey? In Turkey, an average family needs to save 631 months' worth of salary, which equates to approximately 52.5 years, to afford a house. This places...
Investing in real estate and earning rental income is a common way to generate passive income in Turkey. However, many property owners may not be fully aware of the tax obligations associated with rental income. The Turkish tax system allows for an exemption on rental income up to a certain threshold, helping landlords reduce their tax burden. What Is the Rental Income Tax Exemption? The rental income...
Buying a home in Turkey is now easier than ever! Thanks to the new regulations, home loans can be processed online without the need to visit a bank branch. This innovation will save time for property buyers and speed up the home purchasing process. What Does the New Regulation Cover? No More Physical Branch Visits: Banks will offer digital home loans, allowing electronic signatures instead of...
The President of the Facility Managers Confederation (TESKON), Yahya Sağır, has highlighted important considerations regarding financial contributions and responsibilities of both tenants and property owners. Distinction Between Investment Costs and Maintenance Fees One of the most important aspects of property management is distinguishing capital investments from operational costs. According to...
Compare listings
Compare
