Turkey real estate dictionary

What is Artery? Arter, a word of French origin, means vein and main road with heavy traffic in Turkish. This word, which is mostly used in the medical field, refers to the roads with heavy traffic flow in the real estate sector. It is generally used with the "over the main artery" pattern. It is also possible to see this stereotyped expression in land and parking lot...

What is Land Share? According to the Condominium Ownership Law, the share per independent section of each right holder in the buildings where floor servitude or condominium ownership is established is called the land share. After the square meter of the main immovable is calculated, it is distributed to the beneficiaries over the square meters of the independent sections. Land shares are considered as...

What is Incidental Gain? According to the Income Tax Law, income from non-permanent businesses is called incidental income. This concept covers many situations and its content is explained in detail in article 82 of the Income Tax Law. It is a legal obligation for those who are subject to income tax as a result of non-permanent income to pay their taxes. Activities that can be included in the scope of...

What is Apostille? Apostille is the approval given by the authorities of the country where the document was created, which ensures that a document valid in one country can be legally valid in another country. The scope of the apostille was determined in the Hague Convention of 6 October 1961 and was legally processed in every country that signed the convention. Thus, a practical solution has been...

What is Apartment Decision Book? The place where the decisions taken at the apartment board meeting, which must be held at least once a year as per the Property Ownership Law, are recorded, is called the apartment decision book. No book can be used in accordance with the Property Ownership Law; The notebook must be notarized. How is the Apartment Decision Book Prepared? How the apartment books will be...

What is an Apartment Management Plan? The apartment management plan is a document that gathers the issues related to the apartment such as the management of the apartment, the way of use, the wages of the apartment officials and the duties of the administration and binds all the right holders in the apartment. It is valid with the approval of 4 out of every 5 people in the floor owners board. Article...

What is Apartment Management? The person who is chosen by the residents of the apartment and approved by the apartment owners, who supervises all the responsibilities related to the apartment and ensures its continuity is called the apartment manager. The scope of apartment management is determined by the Property Ownership Law. Unless there is a contract that specifies the scope of duty of the apartment...

What are the Apartment Rules? The set of rules that are recorded in written form in the apartments and that all the residents of the apartments must follow are called the apartment rules. The apartment rules are taken by the flat owner's board and all apartment residents are expected to follow the rules by informing them of these rules. Residents who do not comply with the rules can be removed from the...

What is an Entree? It is also known as anteroom, hall for expressing the entrance part of the houses. Access to other rooms is provided through this section. Entrances used as a welcome area are usually designed simply. This section, which determines the first perception of the house, mostly includes furniture such as coat rack, shoe cabinet, mirror and dresser. Entrance decor has an important place in...

What is Turnkey? When purchasing or renting a workplace or a residence, the completion of all the procedures related to the building and the complete delivery of the building to the buyer is called turnkey. Buyers use this method if they prefer to have all transactions processed and not incur additional costs. Unless special circumstances are specified in the terms of the contract, a person who has...