Do not rent your property in Turkey, before you read this article
Last Updated: 2023-07-27Renting Property in Turkey
The fields of real estate investment in Turkey are wide, varied and endless, and real estate investment projects in Turkey are generally classified among the very profitable and successful investment projects. The diversity of real estate investment projects is one of the most distinctive features of real estate in Turkey, as it is a diverse and wide market capable of meeting the desires of different customers and customers, including tourists, residents, investors, and traders. Among these projects, we mention buying a property in Turkey And resell it after modifying it and adding a set of improvements to it or buying a property and investing it by renting it, and the latter will be the subject of our research in this article:
What do you know about the idea of renting a property in Turkey?
Renting real estate in Turkey is one of the common and widespread projects in Turkey and is considered among the successful and smooth investment projects, as it is disposed of according to a notarized and registered contract between the property owner and the tenant. Therefore, renting real estate in Turkey is an easy and effortless project.
Information you need to know before renting a property in Turkey?
Learn about the responsibilities and duties of the property tenant in Turkey:
- Paying the rent of the property to the owner of the property within the specified period through a bank transfer, "where it is forbidden to deliver the rent amount by hand if the amount exceeds a certain limit, and in the event that one of the operations that violate the law is detected, both parties are fined an amount of (5%) of the rent value" and not to delay it, according to what is recorded in the lease contract
- Commitment to pay the bills incurred by the tenant on time, such as water, electricity, telephone, internet, and others
- Maintain the property and furniture - if any - well and maintain it.
- Not to change anything in the specifications of the property or its basis without the written consent of the property owner in Turkey
- If the tenant breaches one of these conditions, then the landlord in Turkey has the right to terminate the lease.
Learn about the responsibilities and duties of a property owner in Turkey:
- The tenant must pay all the fines, bills or previous or current taxes of the property in Turkey, and he is not entitled to ask the tenant to pay them
- The landlord must respect the complete privacy of the tenant in the property
- The tenant must maintain and compensate for any deficiency or defect in the property before renting it, and he is obligated to pay compensation to the tenant in the event that he is damaged for these reasons.
- The landlord is not entitled to impose any additional improvised fees in the event that the tenant is late in paying the amount incurred, and only the law punishes the late payment and payment
What does a lease in Turkey include?
The lease contract in Turkey contains the name of the tenant and the landlord and personal information about each of them (full name, identity, address in detail, etc.)
It also includes the terms of leasing and the agreed terms such as: the start date of the contract, the date of the end of the contract, the monthly rent of the property, the annual rent of the property, the method of paying the rent "either by hand or by bank transfer" the method of using the property and its purpose (whether for housing, warehouse or center) The condition of the property (ready, not ready, intact) and the equipment that is delivered with the property (keys, furnishings and home furniture, equipment if any, etc.)
Important things you should know and pay attention to before renting a property in Turkey
Determine what will be written in the lease very accurately, pay attention to various details and record them
- Fulfillment of the required legal conditions, and official papers
- Read the tenancy contract carefully and pay attention before signing it
- Confirmation of liquidation of all legal obligations related to the property
Ethics and conditions for renting and renting a property in Turkey
- Commitment to good behavior between the landlord and the tenant, and between the tenant and the neighbors
- The property owner is not entitled to rent the property partially or completely to a third party
- Both parties (the owner of the property in Turkey - the tenant) must abide by the terms of the lease contract and agreed upon in advance
- The tenant bears the costs of periodic maintenance of the property, in the period in which he rents the property
- The tenant must pay the bills and costs throughout the period of his lease of the property
There are many legal terms and conditions written in the lease, and both parties must respect and abide by them. Thus, we have presented the most important things to pay attention to when renting or renting a property in Turkey.
Edited by Mersat Real Estate Team ©
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