Real Estate and Construction Law
Real estate sale contracts allow the transfer of the ownership of a real estate, and are prepared officially in writing and entered into before a land registry officer. Due to the reason that these contracts are considered to be inseparable parts of the registration, obligation to transfer the ownership of a real estate cannot be undertaken independent of the official contract. This is why a contract of promise of real estate sale is considered to be a frontal contract.
A contract of promise of real estate sale is drafted by and signed before public notaries. However, in order to contend this contract against third parties, it needs to be registered in the land registry. With a contract of promise of real estate sale that was issued and entered into properly, either party can force the other party to perform the contract and transfer the ownership of the real estate in land registry. A contract of promise of real estate sale can be terminated either by the parties’ intentions, performance of the contract, statute of limitation or termination by convenience.
Citizens of foreign countries who do not have wide knowledge of Turkish law and legislation might run into problems while dealing in the Turkish real estate market and from time to time legal disputes occur. While there are many things to consider and be cautious about, the top 10 frequently asked questions on buying real estate in Turkey are answered in this LINK.
Baris Erkan Celebi, a lawyer based in Antalya, and his Law Firm in Antalya provide legal services aimed at helping clients navigate real estate transactions, including purchase, sale, mortgage, rental, and leasing of properties..
For more information on Turkish real estate law, please check this LINK.
If you are interested in applying for Turkish citizenship after buying a property, more information on that can be found in this LINK.
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