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. Not returning the keys has serious legal implications: the lease continues to be in effect even if the tenant moves out, the landlord cannot legally enter or re-rent the property...
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, as both the buyer and the seller are legally responsible for any missing tax payments under Turkish tax law. Consequences of declaring a lower property value include: 1. The missing title deed fee (tapu harcı) is...
The President of the Facility Managers Confederation (TESKON), Yahya Sağır, has highlighted critical considerations regarding the financial responsibilities of tenants and property owners. A fundamental aspect of property management is distinguishing capital investments from operational costs; according to Sağır, only property owners (kat malikleri) are responsible for capital investment costs such as...
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