ownership transfer of properties in Turkey… How is it done and what are its requirements?
Transferring ownership of properties in Turkey is the process of transferring through the title deed, which is an official legal document that transfers the ownership rights of a person or entity to another individual or entity. A deed is an official “proof of transfer” of real estate, which can include land on its own or land with a house or other building on it.
Since the title deed does not require a lot of information, the document itself is usually very short. However, the document may also contain additional information such as conditions or confirmations that go along with the transfer. Each instrument must also be properly delivered to the individual who owns the property. In most cases, it must also be submitted to the appropriate authority as well.
It is important to use the legal description of the property in the title deed so that it can be accurately recorded.
The title deed document allows the owner the right to dispose of a property in Turkey by renting, selling, or investing, and the owner cannot prove his ownership of the property without this document, which is granted by the Land Registry Directorate of the Ministry of Environment and Turkish Cities as the title deed is registered and kept in the directorate’s records.
Once this document is granted by the Land Registry Directorate of the person, the person officially proves his possession of this property. This document is also required in some official and governmental departments in conducting transactions related to real estate, including sales, purchases, and others.
Transferring property ownership in Turkey cost and steps
4% of the total selling price must be paid to the Land Registry Directorate and the Land Registry for official transaction fees.
According to the main rules, these fees are divided between the investor (buyer) and the seller, so that the title deed fees are calculated on the basis of 4% of the price of the property to be sold, distributed among the sellers, and these fees are paid in full before transferring the ownership of the property
As for the process of transferring real estate ownership in Turkey, it is necessary to take some steps to obtain the real estate title deed:
The buyer of the property must come to Turkey to conclude the purchase contract transaction, or to appoint a trusted person to act on his behalf, through an official agency from the consulate of the origin country, or the Turkish embassy located there.
Obtaining a tax number from the tax department,
A copy of a translated passport, certified by a Turkish notary.
After that, the seller of the property will go to the Land Registry Department, in order for the seller to waive the property to the buyer.
Then the new buyer receives his title deed.
Things to be mentioned in the property title deed in Turkey
The title deed is the document that proves the ownership of the property for the legal owner, and bears the owner’s name and photo, the type of property, its location, in addition to its area, detailed and archived information about it.
It must include the following:
Indication that it is a title deed
A description of the mentioned property
The signature of the individual or entity transferring ownership
Information about who takes the title deed
Documents required to obtain a title deed in Turkey
Buyer’s ID photo
Seller photo
Two photos of the buyer
The real estate registry document.
An insurance policy against earthquakes and disasters.
Real estate appraisal document (for foreigners).