Title deed document in Turkey .. All the details about it
Since the Turkish state has become the agreed upon place among the public looking for real estate for sale, the search for this matter has increased greatly. One of the most important details that those who are going to buy a property in Turkey should look into is the title deed, so what is it? Is it of multiple types or is it only one type. Through the following article, we will accompany you to provide you with all the details related to real estate title deeds in Turkey from its types to how to extract them to solve the dilemma that many people suffer from.
What is Title deed in Turkey?
The title deed in Turkey is an official document bearing the seal of the Turkish government showing the right of a person to own his property and issued by the title deed of real estate in Turkey or from the real estate registry. The title deed of the property in Turkey remains valid until there is any violation that proves the opposite. One of the most important functions of this title deed is that it contains many details related to the property.
One of the most prominent features of the title deed in Turkey is that it has different colors, most notably:
1 - The blue title deed: This type of title deed indicates that the property is land only and there is no type of real estate or building on top of it, and it is possible that construction has been started at the present time.
2- The red title deed: This type of title deeds is granted in Turkey upon completion of construction work. It also indicates that there are separate sections in the property, each of which needs to extract a title deed.
Papers that must be provided in order to extract the title deed in Turkey:
The title deed is one of the most important documents that must be ready when buying a property in Turkey. It is worth noting that this document can only be delivered to the person concerned and he must be present when receiving it:
The most important papers that must be prepared to obtain the title deed in Turkey:
- Two personal photos of the buyer, which must be recent.
- The buyer’s passport and a copy of it, translated and certified by the notary.
- The buyer must obtain a tax number and title deed, and then bring an identification form.
- The real estate appraisal document and the personal identity of the seller must be present.
Types of real estate titles in Turkey:
1 - Agricultural title deed: This type of real estate title deed in Turkey is granted to everyone who owns agricultural land or the like. Under this title deed, he will be entitled to establish any kind of agricultural business or raising poultry and livestock.
2- Title deed of building bonds: This is another type of real estate title deed in Turkey, in which general information about the property is mentioned without allocating each section separately. This is an indication that the property will be registered as a single structure.
3- Real estate easement title: This type of real estate title deed in Turkey works to allocate each part of the property separately from the other. Each apartment of the project is given its own title deed in which all information related to the property is mentioned in terms of its location, the view it enjoys, the nearby places, and so many details.
4 - Floor easement title: This type of real estate title deed is obtained at the construction stage, and the construction contractor is responsible for extracting it, as he obtains financing for the project. In this title deed, the share of each individual is allocated, but despite that it is not considered a complete bond.
5- Full title deed: After the construction work is completed, each individual obtains a title deed for his property or apartment, in which he mentions a detail for each part of the property. In this context, it is worth noting that this title deed is final. Also, you can discover whether the title deed is complete or not by looking at whether it is written in the type of property or not, such as a villa or an apartment, etc.
6- The title deed of the joint property in Turkey: This type of real estate title deed is one of the modern ideas in Turkey and was invented in the recent period with the increase in demand about real estate in Turkey. This idea is especially suitable for those who do not have the ability to initiate a real estate investment on their own, so four people can participate in one of the real estate and each individual's share of the entire property will be registered without allocating a specific part.
How much does it cost to obtain a title deed in Turkey?
According to the Turkish constitution, the cost of extracting the title deed in Turkey amounts to four percent of the property price. It is equally paid by both the buyer and the seller, but according to what is known, the buyer bears it alone. Therefore, in this context, it is advised not to sign the contract before agreeing on these details.
The most important notes that you should pay attention to when extracting the title deed in Turkey:
- Attention should be paid to the type of title deed, and whether it is identical to the type of property or not. There is a common problem related to the title deed of the property, which is that the property bears the red title deed, although the construction stages have been completed, but the type of title deed has not been changed. It is worth noting that such a problem is likely to cause many problems in the future, especially if the property is to be sold.
- It is important that the earthquake and natural disaster insurance policy be extracted in advance and included with all other papers.
- All papers must be translated and certified by the notary public or by the Turkish embassy located in the buyer's country.
- There must be receipts proving the price of the property according to the Turkish lira in order to avoid future taxes.
Steps to extract real estate title deed in Turkey:
There must be specific steps that the foreigner must follow in order to extract the title deed, which are summarized as follows:
-The first step: At the outset, an appointment must be taken from the Land Registry and Land Registry office in the area where the property is located, and then the required documents must be prepared.
-The second step: There must be approval by both parties, the seller and the buyer, on all the details.
-The third step: At this stage, the sales contract will be signed by the seller, and the seller will receive a notification to transfer the amount to his account. This is conclusive evidence that the sale was made with the seller’s full approval.
-Fourth step: In the fourth and final stage, the contract will be signed by the buyer on the title deed, and thus the property will be in his name.
Many facilities when extracting real estate titles in Turkey:
The real estate sector in Turkey is one of the most important and best real estate sectors in the world, as a result of all the facilities it provides, and thus it is superior to many countries in the world.
It is worth noting that not only the procedures for owning real estate in Turkey are easy, but this comes in conjunction with the fact that all steps are also guaranteed and reliable, and in Turkey in particular, the investor will not be faced with any of the concerns that occupy him, as it is one hundred percent safe.
Also, the Turkish government is constantly working on updating laws and regulations and making them compatible with what suits foreign investors in order to be completely away from any problems that may incur financial losses. Among all the facilities that the Turkish government has been providing in this regard is that it has made it possible to obtain the title deed through the electronic portal, thus saving a lot of effort and time.
What is the important information contained in real estate titles in Turkey?
1 - The title deed in Turkey contains all the information related to the property such as its address / the neighborhood in which it is located / the property number.
2 - The number of the land on which the project is located, which includes the purchased apartment, will be mentioned.
3 - It will mention the area of the apartment and all the information related to the property, no matter how small.
4 - The personal photos of the property owner will also be added in addition to the purchase price of the property according to the Turkish lira, which is the currency in circulation and approved for sale and purchase.
5 - All information related to the property owner will also be mentioned.
Conclusion: It is important to point out at the conclusion of this topic that Skyline always stays with you in all your real estate steps and its mission does not end with you getting your desired property, but it continues beyond that. Thanks to its specialized team, it will supervise the extraction of all papers and documents, including the (Title deed document). In order to buy a property in Turkey safely, do not forget to contact Skyline Real Estate in order to inform you of all the details of the real estate market in Turkey and the latest developments in it, and in order to offer you a distinguished real estate investment brimming with profits and the results you are looking for.
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