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TYPES of TITLE DEED

The title deed is the official document showing the owner of a real estate. On the title deed, the square meter information of the independent section (residential - commercial, etc.) is never included. Writes the share ratio.

In general, the title deeds are divided into three types;
* Land Title Deed
* Floor Easement Title Deed
* Floor Ownership Title Deed

Below you can examine the title deed types separately.

  • Land Title Deed

It is a title deed that shows the shares of the land that does not have a structure on it. It is also called as share title deed. The land title shows the percentage and names of shares owned by the person or its shareholders (if any).

On the land title deed, it does not indicate which area the shareholders have on the land. Each shareholder is a shareholder of the land in proportion to its share. By making a contract between them, they can determine which share on the land belongs to who. However, this information does not appear on the title deed or in the land registry.

In addition, for a property a bank loan cannot be used by Land Title Deed.

TYPES of TITLE DEED

  • Floor Easement Title Deed

It is a document issued with the establishment of floor easement in the buildings that are under construction and showing the right of use on the property.

Bank credit can be used to purchase a property with a Floor Easement Title Deed.

Characteristics of the Floor Easement Title Deed;

* With this title deed, the shareholder is given shares from the land.

* The person is not the owner of the real estate. It only has the right to use it.

* On Land Title, there is also block - floor - independent section number information along with land share.

* On the "Main Property Characteristic" section of the title deed, it writes land. (The main real estate is still in land status because of the building has not been completed yet.)

* In the title of "Independent Section" of the title deed, it writes the type of the property (as residence, office, shop).

* Since there is no settlement yet, individual subscription cannot be made for electricity and water. Consumption fee is paid on the construction site rate.

  • Floor Ownership Title Deed

It is the document which is issued after the property is completed and the residence permit is obtained, it shows the ownership of the property.

The Floor Owership Title Deed (condominium) is the most ideal title deed.

Characteristics of the FloorOwnership Title Deed;

* It has a permit to reside in the real estate.

* Shares given from the land; is turn into title deed of real estate like housing, workplace..

* Each independent section turns into separate real estate.

* Persons have private ownership of the property. They have the right to use the property in accordance with the law.

* The title of the "Main Real Estate" section of the title deed shows exactly what the structure / building is. (Eg; 15-storey reinforced concrete building)

* In the title of "Independent Section" of the title deed, it writes the type of the property (as residence, office, shop).

* Electricity and water can be individually subscribed and consumption is paid on the city tariff.