Title Deed Review: Examine and interpret the title deed records of the property. Identify details such as land share, mortgage, lien, and expropriation.
Architectural and Static Project: Review the architectural and static project at official institutions. Determine if there are any discrepancies between the project and actual usage.
Location Verification: Verify the property's location as shown with the land registry and cadastral directorates and the municipality.
Municipal File: Check whether the property has a license and occupancy permit at the municipality.
Urban Transformation: Determine whether the property is subject to urban transformation and the status of the land share.
Land Share: Ensure the land share of the property is accurate.
Municipal Debts: The seller must have paid all municipal debts and obtained a debt clearance certificate.
Valuation Report: Have a report prepared by a CMB-licensed valuation company to determine the legal status, market value, and risks of the property.
The independent and impartial appraisal of the probable value of real estate, projects, or associated rights and benefits as of a specific date.
Comparative Market Analysis
Income Capitalization Method
Cost Approach
A report prepared by CMB-licensed real estate appraisers that assesses the value of a property by examining factors such as age, location, physical condition, transportation facilities, and legal status.
The buyer's identification details, sales price, title deed fees, and DASK policy. After the title transfer, the new property owner must register at the municipality.
Floor easement is a property right related to construction on land. Once construction is complete, it should be converted to condominium ownership by obtaining an occupancy permit.
Condominium ownership is the establishment of ownership rights by the owners over the independent units of a completed building. An occupancy permit is required for the condominium title deed.
Floor easement is a temporary document obtained during the construction phase. It is converted to condominium ownership upon completion of construction. An occupancy permit is required for the condominium title deed.
A document submitted to the land registry during the application for condominium ownership or floor easement, outlining the management style of the main property. It is binding for all owners and related parties.
Changing the management plan requires the approval of four-fifths of all unit owners in the assembly of owners.
Land refers to a piece of land not included in an urban plan. A plot is a type of land that has been included in an urban plan and undergone urban implementation.
Not every plot has a zoning permit. Plots designated for functions like green areas, parks, agricultural areas, or those in restricted zones do not have zoning permits.
If a parceling plan has been made for a shared plot, it can be determined to whom it is sold with notary approval.
Those who purchased property in 2021 start paying in 2022. They must complete a declaration and can pay in one installment or two.
Retirees, those without income, relatives of martyrs, veterans, disabled individuals, and those with only one residence not exceeding 200 m² are exempt from property tax. The exemption applies only to residences.
Property tax rates vary according to the nature of the property. Rates are higher in metropolitan areas and are determined based on the type of property.
Payments can be made to municipalities, via EFT/transfer, by credit card through municipal websites, or at PTT branches. Payments can also be made through the Revenue Administration's website and the e-Government portal.
A renovation permit is required for changes in area, volume, or number of floors. Small repairs do not require a permit.
Property owners or their representatives apply to municipalities or governorships with a petition. They must include documents such as the title deed, architectural project, and static project. After review, the permit is issued.
Once the building is fully or partially completed, permission must be obtained from the municipality or governorship that issued the permit. The building must be found compliant with the permit.
A plan prepared on approved current maps, showing building blocks, roads, density, and layout of various areas, complete with a 1/1000 scale report.
The process of merging, re-parceling, and distributing the land within the zoning plan boundaries to the rightful owners without seeking their consent.
The buyer can notify the tenant and request eviction within six months. The new owner inherits the lease agreement and has the right to file a lawsuit at the end of the lease term due to need.
Placing an annotation on the title deed restricts the rights of the property owner. It indicates a limited usage right.
The right of usufruct grants an individual unlimited use of someone else's property. It allows full utilization of the property.
The usufruct right allows the usufructuary to benefit from the property until their death, but they cannot transfer this right to someone else.
The usufruct right cannot be inherited. It terminates upon the death of the usufructuary and reverts to the bare owner.
The usufructuary has the right to use and benefit from the property in every way except for transferring ownership.
The bare owner does not have the right to benefit from the property, but they can sell the property as bare ownership.
Yes, the usufruct right can be limited to a specific period.
The usufruct right is established by registering it in the land registry at the land registry office.
It is an agreement where one person undertakes to care for another until their death in exchange for the transfer of property ownership. It is secured by registering it in the land registry.
A mortgage is a record entered in the land registry to secure the payment of a debt, where the debtor's property serves as collateral for the creditor.
Encumbered properties can be sold, but the encumbrance remains in place. Public encumbrances may restrict sales.
Properties with precautionary measures cannot be sold.
A lease annotation is a record of a lease agreement between the property owner and tenant, entered into the land registry. It is recorded in the annotations section of the land registry.
A timeshare refers to the purchase of a property for use during certain periods of the year. The usage rights are registered in the land registry for the timeshare owners.
The transfer tax rate for real estate transactions is 2% of the sale price for both the buyer and the seller.
The transfer tax for title deeds is calculated based on the declared purchase/sale price.
Rental withholding tax is a prepaid tax deducted from the rental income of properties rented as workplaces, excluding those rented by companies. The withholding tax rate is 22%.
VAT is applied to the rental of properties owned by companies.
The VAT rate on rentals is 18%.
The FAR (Kat Alanı Kat Sayısı - KAKS) represents the total allowable construction area on a plot of land.
The BCR (Taban Alanı Katsayısı - TAKS) indicates the footprint of the building on the plot of land.
A construction inspection organization monitors construction activities and the contractor on behalf of the landowner from the beginning to the end of the construction process.
According to Law No. 4708 on Construction Inspection, all buildings except certain public buildings and small standalone structures are subject to inspection.
A land share is the portion of land allocated to each independent unit in a building with condominium or floor easement ownership.
The land share is determined based on the value of the independent unit in proportion to the total value of the main property.
A land share correction lawsuit is filed by condominium owners or heirs if the land share has been recorded incorrectly or incompletely.
A risk area is designated under Law No. 6306 as an area prone to loss of life and property.
According to Law No. 6306, a risky building is one that has completed its economic life or poses a risk of collapse.
To obtain a risky building report, apply to institutions and organizations authorized by the Ministry of Environment and Urbanization.
A core sample is taken using a cylindrical cutting machine to extract a concrete sample. The samples are stored under appropriate conditions, tested, and the building's durability is assessed.