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07. Real Estate Law
Real Estate Purchase - Sale & Contracts
Real estate purchase and sale transactions are carried out through written contracts between the parties. These contracts contain the necessary conditions for the proper transfer of real estate. In addition, issues such as title deed transfer, payment terms and delivery should be specified in detail in the purchase and sale contract. Real estate sales transactions, especially to foreigners, are controlled by legal regulations.
Statistics:
It has been determined that 15% of real estate purchase and sale transactions in Türkiye were made by foreign nationals in 2023. The most intensive purchases took place in the provinces of Istanbul, Antalya and Muğla.
Important Subheadings:
Land Registry Transactions: Land registry transactions and ownership transfer.
Contract Terms: Terms such as sales price, payment method and delivery.
Leasing & Mortgage Transactions
Real estate rental transactions are conducted with contracts that regulate the rights and obligations of the tenant and the rights of the landlord. Details such as the tenant's right of use, the rental fee and the duration of the contract are determined in these contracts. In addition, mortgage transactions come into play when the debtor takes out a loan by offering his real estate as collateral. Mortgage contracts must have provisions that protect both the debtor and the creditor.
Statistics:
It has been observed that rental increase rates in Türkiye will exceed 20% in 2023, and demand for rental real estate, especially in metropolitan cities, has increased.
Important Subheadings:
Lease Agreements: Rights of the tenant and the landlord.
Mortgage Agreements: Transfer of mortgaged real estate and foreclosure transactions.
