What is Forgiveness, How Is It Made?
Renunciation, which is a legal term; It means leaving a property to someone else, passing it on to someone else. If there is a waiver in real estate; It is used for transactions such as the transfer of the property right of the real estate owner to someone else in the title deed or establishing a right on the real estate in favor of someone else, for example, the granting of easement right. The process of giving waiver by applying to the Land Registry and Cadastre Directorates is also called waiver takrir.
What are the Types of Renunciation?
There are two types of waivers, gratuitous and gratuitous, depending on whether it is paid or not. It means the situation that the creditor can request and the debtor is obliged to fulfill. The types of waiver are:
- İvazlı Ferağ: The transfer of real estate in return for a property or money is called ivazlı waiver.
- Gratuitous waiver: Transactions in which a price is not determined for the transfer of the real estate or it is carried out free of charge are called gratuitous waivers.
The real estate owner must apply to the Land Registry and Cadastre Offices for the waiver to be made. With the signing of the official deed prepared by the land registry officer, the waiver approval is realized.
What is Vefaen Feragh?
Giving the right to purchase a real estate primarily to the former owner is called the right of fidelity. The transfer of the property by the new owner to the former owner after the real estate transfer is realized with the waiver is called fiduciary waiver.
