Owning a property in Turkey brings some rights and responsibilities. In this article, we aim to help property owners in Turkey take the right steps in legal processes by drawing attention to the problems they may experience.
Rental Income and Taxation
Property owners in Turkey are obliged to pay taxes on the rental income they get from the real estate they rent. According to the Income Tax Law, rental income must be declared and taxed. Therefore, it is important for property owners to fulfill their responsibilities as taxpayers.
Maintenance and Repair Obligations
The owners are responsible for the maintenance and repair obligations of the leased property. According to the Turkish Code of Obligations, the landlord is obliged to correct the problems that arise during the use of the tenant and reduce the use value of the real estate.
Respecting Tenants’ Rights
Landlords are required to respect the rights of tenants and fulfill their obligations under the Turkish Code of Obligations. This includes issues such as not interfering with the tenant’s right of use, complying with the terms specified in the lease agreement, and not evicting the tenant unjustly.
Evacuation Processes
In Turkey, landlords have the right to evict tenants under certain conditions. However, this process must be carried out in accordance with legal regulations. Failure of the tenant to fulfill their contractual obligations may constitute a legal reason for eviction.
Property Management and Condominium
In Turkey, landlords are also subject to condominium laws. In this case, the owners must fulfill their responsibilities regarding the management of the apartment and the maintenance of the common areas. According to the Property Ownership Law, the owners are required to act in accordance with the apartment management plan and the general assembly resolutions.
Working with a Real Estate Broker
Property owners in Turkey can work with a real estate broker in the rental or sale processes. In this case, it is important that the landlord and the real estate agent act in accordance with the Real Estate Brokerage Regulation. In this context, landlords and real estate brokers should pay attention to the legal regulations regarding contracts and commission rates.
Real Estate Sales and Title Deeds
Owners in Turkey can sell or transfer their real estate. In this process, it is necessary to comply with the deed procedures regulated by the General Directorate of Land Registry and Cadastre. It is important for the owners to prepare the necessary documents and pay the title deed fees in the title deed transfer process.
Conclusion:
It is important for people who own property in Turkey to know their rights and obligations. Our law firm in Istanbul supports the owners in these matters and helps them take the right steps in the legal processes. If you are a property owner in Turkey and would like information about your rights or obligations, you can contact our law firm in Istanbul.
