IMPORTANT TIPS FOR PURCHASING PROPERTY IN TURKEY
Today our legal topic is TAPU and the most important tips you need to take care when you purchase a property in Turkey!
TAPU already became an international Word in Turkey for foreigners!
TAPU is an official legal document confirming the owner’s rights to real estate, in other words the valid title deed of a property. The title-deed,TAPU, contains information about the name of the owner, the type of property and in which area the property is located.
When you register for a TAPU, there are some important points which you have to pay attention :
- Any debts or any kind of obligations,
- Any tax debt or mortgage on this real estate,any judicial record, and for sure the ISKAN permission
- ISKAN is the act of putting the apartment into operation (use). If this document does not exists, then you will not be able to connect water and electricity in a legal way and for sure ISKAN plays a great role when you decide to sell your property or incase a need of getting credit from a bank through your property.
- Title-deeds marked with ‘Kat ırtıfakı’ means Iskan is not available, which marked ‘Kat mülkiyeti’ means there is an existing Iskan.
All this information you can not see on the TAPU document, so very important that you need to check through title-deed Office Registers and in my view, those points needs to be checked once more just before you sign the final transfer at the title-deed Office, I name this as “ Last Minute Check”
Purchase cost of a property in Turkey is 4% of the cadastral value . Legally, this cost is paid %50 by each parties but this can be changed upon agreement, in practise usually the buyer pays.
The documents that are required for the purchase are:
- The original passport of the buyer,
- The buyer’s tax number,
- A completed application form,
- Valuation report,
- A valid title deed (tapu),
- The ID pass of the seller
Wish you all a great day!!
