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...
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 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...
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