If you're considering investing in real estate in Turkey, understanding the legal terminology related to property is crucial. One of these key terms is Property Easement Title (Kat İrtifakı), which plays an essential role in purchasing property in projects under construction. In this article, we'll explain everything you need to know about Property Easement Title and its importance in Turkey.
Property Easement Title (Kat İrtifakı) is a legal document given to buyers in projects under construction. This title refers to the ownership rights the buyer holds in the future residential unit they’ve purchased, but it does not mean that the construction has been completed. Once the property is purchased in an under-construction project, the buyer receives the Easement Title, ensuring their ownership rights when the project is completed.
This title is registered with the land registry, guaranteeing the buyer future ownership rights even before construction is finished. It’s an important step to legally protect the rights of the buyer during the construction phase.
To obtain the Property Easement Title, a series of legal steps need to be followed. Here's how the process works:
The Property Easement Title holds significant value for real estate investors in Turkey. Here are the main benefits:
While the Property Easement Title is an initial document given to investors in unfinished properties, Full Ownership Title is issued only after construction is complete and a certificate of occupancy (İskan) is obtained. The Full Ownership Title serves as proof that the property is ready for habitation and reflects full ownership of the buyer. On the other hand, the Property Easement Title grants ownership rights but not full possession until the building is finished.
Owning a Property Easement Title provides legal protection and legal stability in the Turkish real estate market. With this title, you can be confident that your rights are safeguarded even before the property is completed, allowing you to invest securely in real estate in Turkey.
If you're planning to invest in real estate in Turkey, understanding Property Easement Title and its role in protecting your rights as a future owner is essential. Make sure all legal procedures are in place before proceeding with the purchase to ensure your investment is safe and secure.
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