Rental Agreements for Foreign Properties
When foreign investors rent real estate in Turkey, it is crucial to prepare rental agreements correctly to ensure their legal validity. The rental agreement should include the following elements:
- *Parties*: Identification details of the tenant and the landlord.
- *Description of the Property*: The address and characteristics of the property being rented.
- *Rental Price*: The monthly rental fee and payment terms.
- *Duration*: The effective period of the rental agreement.
- *Deposit*: The security amount to be used for the rental.
An attorney can provide professional assistance in preparing and negotiating the rental agreement process.
Property Management
Foreign-owned properties require effective management. Real estate management encompasses a wide range of activities, from maintenance of the property to managing relations with tenants. Property managers are responsible for increasing the value of the rented property, ensuring tenant satisfaction, and complying with legal requirements. Legal support from attorneys helps resolve any legal issues in property management.
Purchase and Sale of Real Estate
Foreigners buying real estate in Turkey are subject to specific legal regulations. The property acquisition process for foreign investors typically includes the following steps:
1. *Selection of Property*: The investor must identify properties that meet their needs.
2. *Title Deed Transactions*: Necessary documents must be obtained for the transfer of the property title.