Experienced lawyers explain the type of title deed in Turkey, Also buyer needs to provide exact evidence that explains all the cases and procedures. In this regard, there are important points for safe purchasing and also getting title deed that lawyers will explain the most important points to have a great experience for those who are looking for these steps.
How many types of real estate title deeds are there?
In Turkish real estate system, there are 3 main types of title deeds. First of all, land title deeds, the kind of real estate is there is no any construction on it. And the other 2 are construction servitude title deeds and condominium title deeds. Construction servitude which is also called '' irtifak'' title deed means there is a construction licenses but the construction has not been finished in accordance with the construction license yet. And the last one, condominium title deeds are the most trustable title deeds. Because if there is a condominium title deeds its shows that the construction has been finished in accordance with the construction license.
How does the deed process work, what are the buyer's expenses, which documents are needed and how long does it take?
Passport translations, tax numbers, 2 photographs, power of attorney, if the applicant is not present is needed. Also valuation report is required for foreign investors. Land registry office start to works in morning 08:30 up to 12:30. In this period the applications can be made, afternoon the final signatures can be signed. Sometimes, because of the work load of the office, the final signatures can be signed the next day. The real estate transfer fee is %3 calculated on the value of the real estate. The real estate transfer fee is %4 and its calculated up on the value of the real estate.
Does the buyer need to be present personally during the deed process?
No, the buyer can authorize via power of attorney a third party to represent himself or herself.
Is it possible to buy a property with contract which has no title deed?
The real estate which is subjected to the application for acquisition of Turkish citizenship shall be registered in land registry records.
How is contractual purchase on non-title properties? What are the buyer's rights after money transfer? How is the receiver protected in dispute situations?
The important of being registered at land registry office is about protecting the ownership rights against third parties. If the subjected real estate is not registered at land registry office than the parties can transfer the ownership of the real estate why a notaries primarily sales agreements needs to be sign at notaries according to our law system. Other vise the buyer can not claim the transfer of the title deed from courts.