PROPERTY PURCHASE
PROCEDURE IN TURKEY
Solicitor
( legal translator Must be present)
Checks
– Title Deeds will be checked to ensure person selling
property is the owner.
If
there have been any changes on the property.
Terms in agreement will be checked.
Sale Agreement
Translated from Turkish
to English by legal Translator.
Solicitor, Legal
Translator, Buyer and Seller all sign agreement.
All parties
get two copies of agreement (1 turkish 1 english)
ARMA
also gets a copy for our records.
Deposit,
Legal fees and
ARMA
agency
fees need paid at this stage.
(receipts
will be given for all Money paid)
ALL DEPOSITS
ARE NON REFUNDABLE
Transfer of Title Deeds
Solicitor sends paperwork to Title Deeds
Office, to be transfered into your name.
Title Deeds Office send copy of your
passport and title deeds to İzmir for military check.This
check is only to ensure your property is not within a
certain radius from any Turkish military base.
This may
take up to three months.
Payment
Plan
ARMA
will draw up your Payment Plan.(agreed between you and
the seller)
Payment Plan gives you
details of what you need to pay and when.
Receipts
will always be given for payments recieved.
OPTIONAL
P.O.A. (
Power of Attorney )
İf you wish
you can give P.O.A. to either ourselves or the solicitor
(or someone of your choice in Turkey), to sign documents
on your behalf when you are not in Turkey.( Example – to
release title deeds, turning on electric – water
P.O.A.is setup at the Notary Office (offical
Office in Turkey, where all legal documents are drawn up )
P.O.A. does not give
persons named on it any claim on your property.
Your Title Deeds are in
your name and also have your photograph on them.
Notary
-------------------- £70
approx
( for
P.O.A. and Legal Translator )
Title Deeds
When
authorized by Military in
Izmir
(approx. 3 months)
Release of Title Deeds
is done at the Notary (legal Office) in the presence of
the buyer (or person with P.O.A) and the seller.
If person with P.O.A.
signs on your behalf we will send you a copy of your Title
Deeds , and keep original safely at our Office until your
return to Turkey.
Solicitor
will register Title Deeds with Local Council Office for
property tax purposes.
Payments – When Title Deeds have been
Authorized payment for
Balance on property
Buyers Tax
Water-Electric
connectıon
Earthquake
insurance
Are due at
this time (or as stated in your payment
plan)
LEGAL
COSTS
Solicitor Fee
Legal Translator
Notary
OTHER COSTS
Buyers Tax
Goverment Tax
Property Tax
Water / Electric
Connection Fee
Earthquake
Insurance
(required by law)
(cost may
change according to Exchange rate)
ALSO YOU CAN CHECK FROM
THIS BUYING PROCEDURES IN TURKEY
www.turkisheconomy.org.uk
