Before entering the world of real estate investment and buying real estate in Turkey, it is necessary to know whether the ownership of a property in Turkey that was purchased has been transferred to you or not? You can find out about this through the title deed, as it is a document that organizes the right of a specific real estate and confirms the ownership of the property in question to the person mentioned in the document.
There are different types of title deeds in Turkey, such as real estate easement, title deeds, transitional title deeds, or what is called a share deed.
So what is the real estate easement and the full title deed for real estate in Turkey?
The real estate easement deed is a deed that you get before you have the full title deed for the property in Turkey. According to Turkish law, it is very important for the property buyer in Turkey to obtain the easement bond in order to be able to obtain the full bond and in the event of violating this law, the real estate owners will be fined.
The easement bond is responsible for establishing the ownership of the plot of land or property on which the project of the owner of the bond will be established, and upon completion of the projects, he is given the full real estate document.
As for the difference between them, it is that the easement document is to prove ownership and register the property in Turkey in the Land Registry Department, while the full title deed is given after the completion of the projects. In the easement, you will find the location of the property purchased, the number of its sections or parts, and the property owner.
The second difference that you will find between the easement and the full title deed is the presence of a sign in the middle box in the bond in the case of the easement, whereas the sign is the far left when the bond is a complete real estate deed.
The details of the property are also clarified in the full title deed, such as the location of the property in Turkey, the real estate area, the number of its sections, and the property specifications. Investors receive this bond after completing all legal procedures and after obtaining approval from the municipality and the responsible authorities.
There are cases that terminate the real estate floor easement? How does the real estate floor easement end?
* The floor easement of the land can be terminated through the submission of the owner of the land or all the owners in the case of quotas a written declaration to the Land Registry Directorate, so the Land Registry Directorate cancels the floor easement.
* It can be terminated on its own in the event that the land organized by the title deed is completely lost due to a torrent, earthquake, or the like.
* The floor easement also ends if the completion of construction on the land becomes impossible, such as in case of the collapse of part of the land, or its inclusion in a new reconstruction plan, or if it is acquired by the state.
* The judge may issue a decision to terminate the floor easement of the land at the request of one of the partners in it, after five years due to the failure to complete the construction in accordance with the plan that was submitted to obtain the floor easement.
We will give you some notes related to the title deed in Turkey:
* First of all, if more than one person share the same property in Turkey, in this case, they are considered partners in all departments of the property.
* In the title deed document, the name of the property owner in Turkey is mentioned, and if his name is mentioned without surname, this indicates that there is no owner of this property except for those whose name is mentioned in the title deed.
* The real estate document (title deed) is given only to the owner of the property, that is, to the legal owner.
* If the property in Turkey is owned by more than one person, then only one document is given, in which the right of each of the owners of the property in Turkey is explained in detail.
* It is very necessary to always be familiar with all laws and legal procedures regarding buying a property in Turkey or regarding any transaction, so that the person is not exposed to fraud or deception.
* All required documents must be prepared and accompanied by the personal ID, or the official agency in case the person is acting on behalf of another person in the process of buying and selling real estate in Turkey.
* In Turkey, it is possible to buy a property and complete the procedures for transferring ownership to the foreign investor within a short period, which may not exceed one day
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