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Steps to rent a property in Türkiye 2024
Renting Turkish real estate represents a type of real estate investment that the Turkish or foreign investor resorts to.
With the aim of achieving profitable financial returns, this property can be either residential or commercial, and in order to achieve the greatest possible investment return, some steps must be followed.
Steps to rent Turkish real estate:
The real estate experts in the Golden Investment Group in Türkiye.
monitored a set of steps that would achieve the goals of the foreign.
investor and make his investments successful These steps are:
1- Search for the suitable property:
- It is necessary first to determine the type of property that the investor wishes to acquire and rent.
- Whether it is an apartment, villa, office or commercial store.
- Then he chooses the best location, such as being within a lively area and street, whether in Turkish city centers or the suburbs
- What is meant by a vital area is a population-active area as it provides health, educational and recreational facilities and transportation networks.
- It is also necessary to study and analyze the real estate market in terms of knowing.
- the best time to own real estate and the most in-demand properties in terms of renting.
2-Inspect the property:
- This means a technical assessment in terms of the infrastructure and its safety,
- including electrical and plumbing extensions, safe water pipes, and sewage pipes.
- In addition to the condition of the walls, floors, windows and doors.
- and ensuring that they are fit for use, especially if the property is used and not new.
- The property must be connected to parking lots, elevators, and security protection systems.
- meaning that it must be within a serviced residential complex.
- The inspection of the property also includes ensuring its legal integrity in terms.
- of the availability of building permits and real estate title deeds.
- and the absence of current violations and problems that may appear in the future.
3- Determine the terms and value of the lease:
- It is necessary to review the reality of the real estate market in the real estate area and know
- the rental margin in accordance with the regulatory laws
- In addition to setting conditions in the lease contract to ensure.
- that the landlord guarantees the tenant’s right to maintain his property throughout the period of its use.
- The contract must include the rental period (validity), the monthly rent value and the timing of payment.
- It is necessary to note that paying the rent manually exposes the landlord and tenant to legal accountability.
- Rental laws in Türkiye require that the monthly rent be transferred via a bank transfer.
- In addition to specifying a security deposit that will be returned to the tenant.
- at the end of the contract and his desire to hand over the property if there is no objection to returning.
- the security amount.Such as if there was misuse of the property, disruption of one of its facilities.
- or distortion of its features.
- The security deposit for Turkish real estate is usually equivalent to the value.
- of two or three months’ rent, paid in advance before handing over the property from the owner to the tenant.
Steps to rent a property
4-Search for tenants:
- This step can be done individually or through the assistance of the Golden Group team.
- After finding a suitable tenant for your property, whether the property is residential or commercial.
- The terms of the contract are negotiated with him before it is concluded and signed by both parties.
- The tenant must cover the rental costs in the form of monthly values + security deposit + commission (if any).
Steps to rent a property
5-Legal procedures:
All documents related to leasing must be prepared:
- Real estate title deed.
- Earthquake insurance in Türkiye (DASK).
- Real estate clearance
- Lease contract.
- After concluding the contract, we go to the Notary Department to officially authenticate.
- it and give it legal status.
- Each party to the contract (the landlord and the tenant) obtains a copy of it.
- Thus, each party requires that the other party abide by its obligations towards it.
- Any failure to fulfill these obligations exposes the violator to legal accountability.
- Golden Investment Group Company in Türkiye provides a special real estate rental department
- known as after-sales services or real estate property management in Türkiye.
- It helps the investor present his property in the optimal way and reach a good tenant.
- Our services also include concluding and ratifying contracts and following up on .
- the transfer of the monthly rental value.In a way that guarantees the rights of.
- the owner and that the property is not exposed by the tenant to any misuse or failure to pay the due rental values.
