The purchase and sale transaction of apartments in Turkey consists of several successive stages. One of the most important steps — This is the preparation of a formal agreement to confirm the seriousness of your intentions, transfer of collateral and fix all the conditions for the acquisition of real estate.
A contract for the sale and purchase of an apartment in Turkey is drawn up in accordance with the general provisions of Turkish law and imposes certain legal consequences on the parties to the transaction. Read about this and much more in our expert publication.
Content of the article:
- Turkish legislation on contracts for the sale and purchase of real estate
- Preparation for concluding a contract
- Contents of the purchase and sale agreement
- Legal consequences of the concluded agreement
Turkish legislation on contracts for the sale and purchase of real estate
Real estate purchase agreement — This is an agreement between the seller and the buyer. Under the terms of the contract, the buyer undertakes to pay the seller a fixed amount in exchange for re-registration of ownership in his name.
When drawing up the document, the provisions of the Civil Code of the Republic of Turkey and the law on real estate registration are taken into account. If legal standards are not followed, the contract will be considered legally invalid. Therefore, it is very important to approach the preparation of the contract as responsibly as possible and familiarize yourself with Turkish legislation.
Consider the main rules:
- In accordance with Article 213 Turkish Civil Code, a contract for the purchase of an apartment in Turkey is valid if it is drawn up and certified as required by law.
- According to Article 26 Law No. 2644 “On state registration of ownership of real estate and transactions with it” (original name “Tapu Kanunu”), agreements on the transfer of ownership of real estate, as well as other rights (such as transfer on security or in mortgage, for temporary or permanent use) are legal if they were registered in the Cadastral Chamber («Tapu Sicil Müdürlüğ»). That is, this is the only possible legal option for the lawful sale and purchase of real estate.
- Articles No. 60, 89 Law No. 1512 “On Notaries” determines the type of real estate transaction. Thus, the contract contains information about the conditions that both parties must fulfill. That is, the intention to transfer ownership of property from the seller to the buyer. In turn, according to the terms of the contract, the buyer, by signing the document, officially confirms his desire to buy the apartment.
- A contract for the sale and purchase of real estate in Turkey receives legal force only if it has been certified by a notary. A well-drafted document that takes into account all the conditions of sale and purchase, provides information about the apartments, — the key to a successful transaction.
- It is important to know that when concluding an agreement, the seller’s presence of TAPU is not mandatory. Example — participation in shared construction. The developer and the owner of the land plot enter into a construction contract, under the terms of which the customer of the work (land owner) has the opportunity to pay with finished apartments in the residential complex. All conditions are specified in the schedule of contract work and mutual settlements. Thus, in order to attract third-party investments, a developer can enter into notarial contracts with investors without yet having ownership rights to these objects. For foreign citizens, this is one of the easiest ways to purchase Turkish housing at affordable prices.
- An agreement for the acquisition of real estate can be concluded between the parties to the transaction or their attorneys under a notarized power of attorney. If the seller does not yet have ownership rights, the contract is registered only in his presence.
- After registration with the Cadastral Directorate (TKGM), according to paragraph 2 of Article 1009 of the Civil Code of the Republic of Turkey, fulfillment of obligations under the contract can be demanded even from third parties who will subsequently become owners of the property. This is additional insurance for the investor if he pays in the form of an advance payment.
- If the terms of the contract have not been fulfilled within five years from the date of its registration with the Cadastral Department, the document will be deleted from the electronic database.
Cozy 1+1 apartment in the center of Alanya, just 550 m from Cleopatra Beach, in a complex with a swimming pool and a garden
1+1
50 m²
8781
Furnished 1+1 apartment in the center of Alanya, just 500 m from the famous Cleopatra Beach, with a swimming pool and a fitness room.
1+1
60 m²
8780
Apartments with furniture and appliances in a new building in the Chiplakli area
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115 m²
8779
Furnished apartments 90 sq.m. at a bargain price
2+1
90 m²
8778
Apartments in the center of Alanya 200 meters from the sea
2+1
100 m²
8777
The best location in Alanya is Cleopatra Beach
2+1
90 m²
8776
Furnished 1+1 apartment in a modern complex, 1800 meters from the beach and 900 meters from the center.
1+1
55 m²
8775
Furnished 1+1 apartments in a complex with a swimming pool and fitness, 1650 meters from the beach and 750 meters from the center.
1+1
50 m²
8774
Spacious 1+1 apartment with balcony in a new complex of 2024, 1500 meters from the beach and 1200 meters from the center.
1+1
65 m²
8773
Furnished 1+1 apartment in Mahmutlar, just 150 meters from the beach and 100 meters from the center.
1+1
60 m²
8772
Cozy 1+1 apartment with balcony in Cikcilli, overlooking the sea and stunning sunsets, 700 meters from the beach and 350 meters from the city center.
1+1
60 m²
8771
Furnished 2+1 apartment with separate kitchen and spacious hallway, just 200 meters from the sea in the center of Alanya.
2+1
80 m²
8770
Furnished 1+1 apartment with balcony in Gullerpinari area, just 250 meters from the beach and 150 meters from the center of Alanya.
1+1
60 m²
8769
Furnished 1+1 apartment with balcony in the center of Alanya, 900 meters from the sea and 250 meters from the city center, in a new complex of 2022.
1+1
45 m²
8768
Furnished 1+1 apartment with glazed balcony, just 250 meters from the sea and 100 meters from the center.
1+1
65 m²
8767
Cozy 2+1 apartment with two balconies and a zoned kitchen in Mahmutlar, just 300 meters from the beach and 100 meters from the city center.
2+1
125 m²
8765
Elegant 2+1 apartment with panoramic sea view in Mahmutlar, in a prestigious complex on the first line and only 150 meters from the center
2+1
120 m²
8764
Bright 3+1 apartment with two balconies in Mahmutlar, just 250 meters from the beach and 100 meters from the center
3+1
128 m²
8763
Furnished 1+1 apartment with balcony on the second floor in Kestel, 700 meters from the beach and 500 meters from the center.
1+1
72 m²
8762
A luxurious villa with magnificent panoramic views of the sea and mountains, 200 m², ideally located just 1500 m from the sea and 1000 m from the center of Kargicak.
3+1
200 m²
8761
Important! Any other form of contract for the purchase or sale of real estate is legally void from the moment it is entered into. In particular, we are talking about oral agreements, documents drawn up in a simple form, certified only by a notary and/or translator, as well as any other organization or person. Such legally void agreements are invalid for all aspects related to the purchase and sale of real estate, including the terms of the transaction and penalties. That is, in this case, only voluntary, but not forced, fulfillment of the terms of the contract is possible (with the exception of the return of the amount already paid).
Preparation for concluding a contract
The first thing that interests an investor after he has decided on the choice of an object is — what documents are needed to buy an apartment in Turkey. In order to conclude a contract, the buyer only needs an international passport and a deposit amounting to 5–10% of the total cost of the property.
With regard to preparation for concluding an agreement, the parties should agree on the amount and method of payment, rights and obligations, penalties in case of failure to comply with the terms of the agreement.
At the time of signing the contract, the buyer makes a deposit. Thus, he confirms the seriousness of his intentions and is guaranteed to become the only contender for the property under the contract.
In most cases, the contract for the purchase of property in Turkey is tripartite. The third party is a real estate company that performs intermediary functions. This form of cooperation is the most acceptable for both parties to the transaction, since the agency protects the rights of the investor and the seller, undertakes to check the legal purity of documents and facilitates the receipt of all documentation for the transfer of ownership of housing.
Contents of the purchase and sale agreement
Standard information, the presence of which is mandatory in any purchase and sale agreement:
- Passport details of the seller and buyer.
- All information about real estate, including the number and purpose of premises, floor, building characteristics, construction date or completion date of construction work and issuance of a technical certificate (if purchased in a new building) and other data.
- Cost and method of transferring payment to the seller.
- Obligations and rights of the parties.
- Fines in case of failure to comply with the terms of the contract.
- Legislative norms.
Legal consequences of the concluded agreement
According to the laws of Turkey, the following legal consequences apply to the concluded contract for the purchase of real estate:
- Ownership is not transferred to the buyer.
- A correctly concluded contract guarantees the buyer the right to insist on the transfer of ownership by the seller.
- If the owner has not transferred ownership, the apartment can be re-registered in the name of the buyer by court decision.
- Design TAPU in Turkey or Turkish title is handled by the only government agency — Cadastral Chamber
- The future owner, even having a concluded contract in hand, does not have the right to evict tenants or other persons from the property being sold. Only the owner has the right to do this.
Cozy 1+1 apartment in the center of Alanya, just 550 m from Cleopatra Beach, in a complex with a swimming pool and a garden
1+1
50 m²
8781
Furnished 1+1 apartment in the center of Alanya, just 500 m from the famous Cleopatra Beach, with a swimming pool and a fitness room.
1+1
60 m²
8780
Apartments with furniture and appliances in a new building in the Chiplakli area
2+1
115 m²
8779
Furnished apartments 90 sq.m. at a bargain price
2+1
90 m²
8778
Apartments in the center of Alanya 200 meters from the sea
2+1
100 m²
8777
The best location in Alanya is Cleopatra Beach
2+1
90 m²
8776
Furnished 1+1 apartment in a modern complex, 1800 meters from the beach and 900 meters from the center.
1+1
55 m²
8775
Furnished 1+1 apartments in a complex with a swimming pool and fitness, 1650 meters from the beach and 750 meters from the center.
1+1
50 m²
8774
Spacious 1+1 apartment with balcony in a new complex of 2024, 1500 meters from the beach and 1200 meters from the center.
1+1
65 m²
8773
Furnished 1+1 apartment in Mahmutlar, just 150 meters from the beach and 100 meters from the center.
1+1
60 m²
8772
Cozy 1+1 apartment with balcony in Cikcilli, overlooking the sea and stunning sunsets, 700 meters from the beach and 350 meters from the city center.
1+1
60 m²
8771
Furnished 2+1 apartment with separate kitchen and spacious hallway, just 200 meters from the sea in the center of Alanya.
2+1
80 m²
8770
Furnished 1+1 apartment with balcony in Gullerpinari area, just 250 meters from the beach and 150 meters from the center of Alanya.
1+1
60 m²
8769
Furnished 1+1 apartment with balcony in the center of Alanya, 900 meters from the sea and 250 meters from the city center, in a new complex of 2022.
1+1
45 m²
8768
Furnished 1+1 apartment with glazed balcony, just 250 meters from the sea and 100 meters from the center.
1+1
65 m²
8767
Cozy 2+1 apartment with two balconies and a zoned kitchen in Mahmutlar, just 300 meters from the beach and 100 meters from the city center.
2+1
125 m²
8765
Elegant 2+1 apartment with panoramic sea view in Mahmutlar, in a prestigious complex on the first line and only 150 meters from the center
2+1
120 m²
8764
Bright 3+1 apartment with two balconies in Mahmutlar, just 250 meters from the beach and 100 meters from the center
3+1
128 m²
8763
Furnished 1+1 apartment with balcony on the second floor in Kestel, 700 meters from the beach and 500 meters from the center.
1+1
72 m²
8762
A luxurious villa with magnificent panoramic views of the sea and mountains, 200 m², ideally located just 1500 m from the sea and 1000 m from the center of Kargicak.
3+1
200 m²
8761
These materials have been prepared for informational purposes and are not of a commercial nature.
Point Property — is a certified real estate agency that specializes in providing a full range of real estate services for residential and commercial real estate transactions in Turkey. Our company takes care of all the organizational aspects of a real estate transaction: searching for an object, organizing a sightseeing tour, assistance in collecting documents and checking the legal purity of documentation, support in re-registration of ownership. In addition, we provide our customers with a wide range of after-sales services.
