mytapu.com - Articles , Legal Help, Due Diligence, Conveyancemytapu.com - Articles , Legal Help, Due Diligence, Conveyancehttps://www.mytapu.com/blogs/legal-help-Due-DiligenceThu, 23 Apr 2026 02:38:30 -0700http://zoho.com/sites/<![CDATA[How to Reduce ‘Rip-Off’ Risks Buying Property in Turkey]]>https://www.mytapu.com/blogs/post/How-to-Reduce-Rip-Off-Risks-Buying-Property-in-TurkeyFollow the four steps to buy the 'MyTapu Way - Like a Local'... including legal checks and due diligence...]]>
Due Diligence on Property Purchases in Turkey- Payments, Property, and Procedures June 2020
Due Diligence on Property Purchase, Procedures and Payments in Turkey June 2020

Oct 5 2023 How to buy a property in a foreign country? The people selling the property – agents, developers, and the solicitors they recommend- will usually assure you there will be ‘no problem’. Should you believe them? They make it seem so simple. Just like home.

There will be similarities between your home country and a foreign country like Turkey when it comes to buying. The general principles are the same. And that’s were it ends. The details are different, and that’s where the danger lies.

The risks are associated with a different language, culture, legal system, and of course, property system, known as a cadastral system. It may be that in your home country many of these risks have been removed because the various aspects have been regulated, and standardised. The property system in Turkey is moving in that direction, too, but is not there yet. And for that reason the risks remain.


Consider that the legal system in Turkey is much more limited when it comes to consumer protection laws that will guard buyer’s interests. And much more limited when it comes to certain laws related to fraud. So a foreign buyer should beware the risks and take the necessary measures for protection. ‘Buyer beware’ applies as a good rule to follow.


The protection to follow at the very first stage, before negotiating any aspects of purchase terms, price, etc, is called Preliminary Due diligence, and is followed by the full due Diligence. Being diligent about all details is the care that is due to your capital for protection.


Due Diligence covers many aspects of the property, including checks on title, cadastral mapping, ownership, representation, permits, structural build quality, etc, and more. But due diligence also extend beyond checks simply on the property itself. Yes, if the permits re not right, it can take many months and several thousand Euro in penalty charges and fees to make the property legal. There is no way around that now, as the tax man in Turkey will tell you.


Due diligence extends also to the transaction. That means checks on the procedures; because these govern the way you commit your capital. And checks on the counter-parties, because these are the people that are representing themselves as having the ownership and /or authority to sell the property – do they? And due diligence also extend to the payments, because this is where your capital is at risk, and where your losses begin. For example, a little due diligence on the payment procedures related to reservation deposits reveals that simply making a payment as a reservation deposit will legally achieve nothing of what you might have been led to believe, because such a payment will not prevent the seller from selling to another party. There are additional liens that are required, to do that, and even so, nothing legally can compel a property owner to sell to a buyer.

 

With recent regulation foreign buyers are required to be provided with an eksper appraisal report before purchasing. This provides some relief, because the sale of property to foreigners in Turkey is un-regulated. To address the growing dis-satisfaction and complaints from ripped off foreign buyers; the government introduced this new measure. It is good, but it does not address all the risks. And more to the point, the eksper appraisal report only provides information, it does not tell whether that information is sufficient to satisfy various legal, insurance or financing requirements, and it s not a ‘seal of approval’ confirming the property is safe to buy. In addition, the report still needs to be translated into English, and then interpreted to understand whether the information provided is satisfactory for legal, insurance, a and financing purposes. The experts at mytapu provide this service, and others, related to eksper appraisal reports...

 

So yes there are plenty of risks that require investigation, and good stewardship to mitigate. The Transaction Managers at mytapu.com have been managing Due Diligence on residential and commercial property in Turkey for more than 20 years, and their experience, cadastral and legal knowledge, is the essential shield that protects a buyers capital, and peace of mind, to avoid the sleepless nights of nightmares so many foreign buyers in Turkey have experienced, after a purchase, relying on the assurances of the sellers, agents, lawyers etc.   

 

The best part about Due Diligence is that the fees charged by professionals can usually be recouped 2x or 3x in the amount saved on transaction expenses. Those are significant savings, on a purchase of Eur 50,000 of about EUR 3-7,000, and on a citizenship purchase of $250,000 can amount to $15 – 40,000. These savings achieved by good due diligence can cover the cost of furnishings, and contribute to ensuring the re-sale value of the property is not less than what was paid, as has been the case of more than 90% of foreign buyers in Turkey that purchased without good due diligence.

 

Contact us today at info@mytapu.com: add your WhatsApp or Viber number to request a call back.


Caveat emptor...! Buyer Beware !

 



How to Reduce ‘Rip-Off’ Risks Buying Property in Turkey

When or When Not to use a Solicitor for Property Matters in Turkey

Legal Oversight Management- what is it, when to use it…​​


Legal Checks on Property and Purchase Transaction in Turkey: Due Diligence

Legal Services for Property Matters in Turkey


Valuations and Appraisal Expert Reports

Are Appraisal Valuations in Turkey Understating Property Prices?

Buying Turkish Property- Why use an Eksper Rapor ?

Property Price Histories in Turkey


Conveyancing

Completing Transfer of Title, Access, & Payment - 'Conveyancing'​​


Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey

The One Source for Every Turkish Mortgage

Advice for Property Matters in Turkey 



 All Articles (click here)

How to Begin Your Property Purchase in Turkey

Where to Buy Property in Turkey ? The Search Begins at Online Portals…

Property for Sale in Turkey by Owner

How to Buy or Sell Turkish Property Remotely Online without Travelling June 2020

The Guide to Buying a Property in Turkey

The True Cost of Citizenship by Investment in Turkey, for Investors’ Capital AND for Advisory Consultants Brand Value….

Turkey Residential Real Estate Property Market Outlook, Trends, Forecasts, and Turkish Lira Exchange Rates

Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…





Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!


 


#DueDiligence #Permits #TransactionCosts #TransferTaxes #Permits #Iskan #katIrtifaki #Buy #Property #Turkey #Risks #RipOff #Rip-Off #eksper #appraisal #report #rapor


]]>Sat, 12 Aug 2023 01:27:00 +0300<![CDATA[Why Register New Habitation Certificates on Your Tapu...]]>https://www.mytapu.com/blogs/post/Why-Register-New-Habitation-Certificates-on-Your-TapuWhy should property owner's in Turkey obtain a new updated copy of their Tapu to prove permits are processed ?]]>

Why Register Your New Habtation Certificate (Yapi Kagit Belgesi) on Your Tapu 


 Question: Should I have the new habitation certificate registered on a new tapu now, or can it wait?

 

Clarification: Obtaining a newly updated tapu which shows the new habitation certificate, the Yapi Kagit Belgesi, has been issued, is a good idea to have done now, and here’s why. On many old tapus, the status of the planning permissions (and other things such as ownership) is not always clear, and often ambiguous. This is partly because different land registries in Turkey did things differently from one another at different times in the past. (How and why this occurred is another story, with historical and cultural context dating from Ottoman times.) Slowly matters are converging towards standardisation. So on an old tapu, it may be presumed that certain things have been done and are in order, but there is no verification. Sometimes these presumptions apply to more than one issue. So the one sure way to attest to having a tapu that is ‘all clear’, is to have a new one issued. By doing so, the presumptions are then checked officially, in the back channels of the belediye and land registry, and the new tapu will, or should, provide unequivocal attestation that all is in order – at least it eliminates any red flags that would serve as a beacon for future investigation or questions.

 

So why do it now? The reason is a practical one. Doing it now means that whatever those underlying presumptions were,  they would and should have been checked and verified during the Iskan amnesty process of issuing the new habitation certificates. This process entailed a huge volume of work, overloading back office staff (generating more than $5 billion in revenue), and shortcuts may have been presumed to have been applied.  And if the necessary checks weren’t applied, the relevant actions and procedures will need to be implemented in the belediye and land registry back offices. Doing it now is the best time, whilst all those same checks should have been performed recently, and if they weren’t, now is the time to make sure. Its no good waiting six months from now, when all the overloaded staff in the back offices have said good riddance to that Iskan amnesty workload and back-log, and so happy it’s over and to be rid of it: in six months they won’t remember, will play a blame game with one another, and another ‘mess’ ensues. So get it done now, while there is still some clarity in memories about what was done and why.

 

An important aspect to consider is that many, many applications were received for types of issues that were not originally envisioned when the tapu iskan amnesty was introduced. In other words, the scope of the amnesty broadened considerably in practice, to accommodate many other types of issues, beyond the initially intended registration of easement right uplift. The ‘wild west’ of Turkish property development over the last ten years has innovatively created all sorts of issues that were never imagined or forseen- the un-imaginable.  How-so-ever the back office personnel at the belediye and land registry have chosen and managed to apply ‘work arounds’ to these many variations for specific cases, only they themselves personally know. Any aspersions cast upon the habitation certificate registration in the future will definitely require legal assistance and costs. And so it’s best to get your tapu, ‘over the finish line’ now, whilst those work-arounds are somewhat recent in the workers memories, and with the same perseverance that was applied in getting your iskan or habitation certificate ‘over the finish line.

 

The last comment is this… all this is new- it has never been done before… and for that reason there are still unknowns to be dealt with… ‘known unknowns’ and ‘unknown unknowns’…

 

The very last words are these, from perhaps the most famous saying in the Turkish vernacular….

 

‘Burasi Turkiye, her sey olabelir…’

 

Translation: ‘This is Turkiye- anything and everything is possible…’

 

Keep informed about property matters in Turkey, with articles like this one…

Sign-up for our periodic Newsletter here…or here…

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...


Additional Reading:

Legal Services for Property Matters in Turkey

Advice for Property Matters in Turkey
All Articles



]]>Mon, 28 Jan 2019 09:04:28 +0300<![CDATA[Is it Better to use a UK solicitor or a Turkish solicitor for Property Conveyancing in Turkey…?]]>https://www.mytapu.com/blogs/post/Is-it-better-to-use-a-UK-solicitor-or-a-Turkish-solicitor-for-Property-Conveyancing-in-Turkeyresolve an important conundrum.]]>
Legal &amp; Conveyancing Services for Property Real Estate in Turkey

Either choice, whether a Turkish solicitor at a UK based firm, or a solicitor based in Turkey, does not resolve an important conundrum. Turkish solicitors do not have experience of managing risks in the UK like a UK conveyancer or solicitor because they are not licensed to practice in the UK, and thus they do not have the experience of knowing what a UK conveyancing entails- do they have a UK conveyancing license? UK solicitors are not licensed to practice in Turkey and thus do not have the experience or knowledge of dealing with Turkish cadastral property regime, and thus are in no position to manage the conveyancing risks for property transactions in Turkey.

Underlying this conundrum is that the cadstral real property regime in the UK and in Turkey are completely different. Yes – completely different. Where as the UK system has commonalities with other anglo-saxon and common law countries such as the US and Australia etc, from the days of the British empire, the Turkish system originates from foundations established in Ottoman times and has commonalities with countries such as Greece and Bulgaria from the days of the Ottoman empire.


These circumstances explain best why the present situation related to conveyancing for foreign property transactions, is so rife with malpractice. The good news is, that this is completely unnecessary and arises only because matters are a bit complex to communicate. The reality in practice is, that if foreigners know and do the simple things Turks know and do, the procedural regime in Turkey has built-in layers of protection for their benefit. The misleading practices and misinformation provided by estate agents and developers dealing with foreigners in ways different from dealing with Turks, like requiring ‘reservation deposits’, is the root cause of so many problems, that negate these built-in protections.

 

Is it necessary to use a solicitor to benefit from these protections? Absolutely not… the Turkish system is designed to protect both the buyer and the seller, and does so perfectly adequately- assuming some simple basic local know-how. Unfortunately this know-how is concealed by the subterfuge of agents, in their quest to prioritise their commission capture.


At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 



How to Reduce ‘Rip-Off’ Risks Buying Property in Turkey

When or When Not to use a Solicitor for Property Matters in Turkey

Legal Oversight Management- what is it, when to use it…​​


Legal Checks on Property and Purchase Transaction in Turkey: Due Diligence

Legal Services for Property Matters in Turkey


Valuations and Appraisal Expert Reports

Are Appraisal Valuations in Turkey Understating Property Prices?

Buying Turkish Property- Why use an Eksper Rapor ?

Property Price Histories in Turkey


Conveyancing

Completing Transfer of Title, Access, & Payment - 'Conveyancing'​​

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey

The One Source for Every Turkish Mortgage

Advice for Property Matters in Turkey 



All Articles (click here)

How to Begin Your Property Purchase in Turkey

How to Buy or Sell Turkish Property Remotely Online without Travelling June 2020

The Guide to Buying a Property in Turkey

The True Cost of Citizenship by Investment in Turkey, for Investors’ Capital AND for Advisory Consultants Brand Value….

Turkey Residential Real Estate Property Market Outlook, Trends, Forecasts, and Turkish Lira Exchange Rates

Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…


Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...

]]>Sun, 25 Nov 2018 14:01:20 +0300<![CDATA[When or When Not to use a Solicitor for Property Matters in Turkey]]>https://www.mytapu.com/blogs/post/When-or-When-Not-to-use-a-Solicitor-for-Property-Matters-in-Turkeyone needn’t appoint an attorney to provide ‘blanket coverage’ of providing a fully inclusive service, especially for a conveyancing]]>
Do I need a solicitor to buy property in Turkey?

For assistance and managing conveyancing and general real estate related matters in Turkey, appointing a solicitor in most often preferable, to receive the independent professional advice necessary to protect your interests. That first step, of acknowledging the need for protecting one’s interests, is a key aspect of successfully managing your investment interests and assets.

As one becomes more experienced with different matters and attorneys, quite quickly the realisation emerges that it is not essential for an attorney, or advocate, to do certain things: any one may do them. This is especially true of the many, many procedural matters at notaries, the land registry, the tax office, the local ‘belediye’ municipality.  And in most cases an attorney will not do these things themselves, but will delegate the work to a member of service staff, or an outside practionier- notary, interpreter, clerk, council worker, etc… 

 

The point is that one needn’t appoint an attorney to provide ‘blanket coverage’ of providing a fully inclusive service, especially for a conveyancing and one needn’t incur the costs that this involves. Attorneys are legal advisers and as such their services should be managed specifically for those aspects of matter requiring specific legal advice or specific legal action. Many times appointing an attorney for dealing with an issue is entirely inappropriate because in the law there are no grounds for an attorney’s intervention to result in a particular outcome. 

 

So the solution is to obtain more information about an issue, preferably from local Turkish persons that have some experience in a specific matter, but are not attorneys, and most likely they will suggest a simpler and more cost effective way to deal with a matter. In this way one builds social capital with the local community, and so this is always the best and preferred first step to try, along the way to finding a solution. However, it is not always the case this approach will provide sufficient clarity or results, and so an alternative ‘back-up’ is to request advicefrom experienced practitioners at mytapu.com , and obtain some initial free advice, which at some point will run into ‘paid advice, obviously, because they are not a public service agency…

 

Seeking advice from other non-locals and foreigners, is not recommended or advisable, as in most cases the knowledge they have is not accurate, simply because they have limited repeat experience, and obtaining clarity with full understanding during one or two episodes of dealing with a matter, is often unexpectedly difficult… Certainly, it is never a sensible idea to rely on any information received from an on-line forum populated with foreigners… The best to be expected is that the gracious person wishing to help are themselves misinformed, and worse, there are more devious types that intentionally provide misinformation for their own schemes and purposes…

 

Regrettably, as the experience of far too many foreign real estate buyers has shown repeatedly and consistently for more than 10 years, too often the solicitors appointed, particularly in small coastal towns, often have ‘conflicts of interests’ that they will not acknowledge, even when questioned. And quite often, they may find their independent advice prejudiced by having someone in the local town coming and having ‘a word’ with them, in the interests of some other party, thus prejudicing the interests of the client. Facts of life, and the reality we deal with, day to day… For these reasons, it is often more sensible to appoint an attorney from a distant town, without relations to the specific developer or other counter-parties, as one precautionary measure.

 

Yes there is a time and place where a solicitors services are essential and required. Knowing when, why an how is information obtainable from mytapu.com, often with references regarding solicitors, good and bad, having experienced the services of more than 67 solicitors in Istanbul Ankara and all up and down the Turkish coast, over the previous twenty five years.



At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 



How to Reduce ‘Rip-Off’ Risks Buying Property in Turkey

Legal Oversight Management- what is it, when to use it…​​


Legal Checks on Property and Purchase Transaction in Turkey: Due Diligence

Legal Services for Property Matters in Turkey


Valuations and Appraisal Expert Reports

Are Appraisal Valuations in Turkey Understating Property Prices?

Buying Turkish Property- Why use an Eksper Rapor ?

Property Price Histories in Turkey


Conveyancing

Completing Transfer of Title, Access, & Payment - 'Conveyancing'​​


Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey

The One Source for Every Turkish Mortgage

Advice for Property Matters in Turkey 


All Articles (click here)

How to Begin Your Property Purchase in Turkey

How to Buy or Sell Turkish Property Remotely Online without Travelling June 2020

The Guide to Buying a Property in Turkey

The True Cost of Citizenship by Investment in Turkey, for Investors’ Capital AND for Advisory Consultants Brand Value….

Turkey Residential Real Estate Property Market Outlook, Trends, Forecasts, and Turkish Lira Exchange Rates

Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…


Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...

]]>Sun, 25 Nov 2018 13:56:08 +0300<![CDATA[Legal Oversight Management- what is it, when to use it…]]>https://www.mytapu.com/blogs/post/Legal-Oversight-Management-what-is-it-when-to-use-itbetter managed by an experienced case management practitioner, to ensure the nitty gritty workload is managed efficiently, and cost effectively, with as little risk, as possible. This is ‘Legal Oversight Management’.]]>
Legal Oversight and Case Management for Litigation of Property Matters in Turkey

In situations where litigation is the most obvious next step to resolve a dispute, it is not uncommon to refrain from pursuing matters through the courts, because of the daunting prospects of the time, work and aggravation entailed; researching for an experienced solicitor, attorney, or advocate; drafting up and presenting a summary outline of the heads of case; obtaining an opinion that may be interpreted to provide an accurate understanding of the prospects of success; negotiating the fee structure – upfront costs and success fees; agreeing budgets with legal counsel and scheduling a payment plan; collecting together all the supporting evidence and collating it into a delineated file; managing due care at the different stages of the case to ensure the costs are incurred wisely, and the next steps in the case progression are in keeping with the overall objectives and purpose; tracking the courts decisions and planning for preparations in advance of the next hearing; negotiating settlement offers prior to or after court judgement; assessing different alternatives for enforcement proceedings to collect monies; negotiating payment plans; and generally dealing with the complexities. 

These challenges, including the time and energy required, not to mention cost budgeting, are real barriers to proceeding for most people. And that is why these activities are better managed by an experienced case management practitioner, to ensure the nitty gritty workload is managed efficiently, and cost effectively, with as little risk, as possible. This is ‘Legal Oversight Management’.


Legal Oversight Management is not about legal advice- that is only provided by members of a legal bar association- instead it is about the ‘project management’ of the case. And that includes communicating all aspects of the legal advice, and case matters, in an efficient and succinct manner for the purposes of avoiding mis-understandings, providing clarity, enforcing performance obligations of the legal advisors, and maintaining costs within budget. Worrying about the costs of the clock ticking over and bills adding up while one is desperate to obtain clarification from a legal adviser, is just one example of how and why Legal Oversight Management is a viable solution to dealing with case management challenges.

 

Litigation is a long and winding road, and it’s true what they say…’only the lawyer’s benefit’. Well not entirely true- the lawyers certainly benefit most. Bringing litigation to recoup losses, if successful, will result in a positive outcome in terms of money regained, but rarely 100% of the amount lost, and rarely to the extent that it makes the plaintiff one hundred percent ‘whole’ again. Never-the-less, when large sums are involved, recouping 50-80% is a reasonable outcome. And if you have the services of an experienced project manager for your case, to  deal with the Legal Oversight Management, it makes the prospects of engaging in litigation very much more manageable, easy, and affordable… thereby increasing the attractiveness of the litigation route, as a solution to be applied for difficult dispute resolutions.


At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 


How to Reduce ‘Rip-Off’ Risks Buying Property in Turkey

When or When Not to use a Solicitor for Property Matters in Turkey


Legal Checks on Property and Purchase Transaction in Turkey: Due Diligence

Legal Services for Property Matters in Turkey


Valuations and Appraisal Expert Reports

Are Appraisal Valuations in Turkey Understating Property Prices?

Buying Turkish Property- Why use an Eksper Rapor ?

Property Price Histories in Turkey


Conveyancing

Completing Transfer of Title, Access, & Payment - 'Conveyancing'​​

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey

The One Source for Every Turkish Mortgage

Advice for Property Matters in Turkey 



All Articles (click here)

How to Begin Your Property Purchase in Turkey

How to Buy or Sell Turkish Property Remotely Online without Travelling June 2020

The Guide to Buying a Property in Turkey

The True Cost of Citizenship by Investment in Turkey, for Investors’ Capital AND for Advisory Consultants Brand Value….

Turkey Residential Real Estate Property Market Outlook, Trends, Forecasts, and Turkish Lira Exchange Rates

Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…



Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...please click here...


]]>Sun, 25 Nov 2018 13:45:33 +0300<![CDATA[What is 'Conveyancing' and why is it essential?]]>https://www.mytapu.com/blogs/post/Conveyancing-for-Property-in-Turkey

Conveyancing is a term used in the UK for managing the transfer of ownership during a property purchase/sale transaction. Sounds simple enough? If it is so simple, why are all property transactions in the UK handled by conveyancing experts? And why would anyone in his right mind imagine that he could do a conveyancing in a foreign country in a foreign language by themselves?


Learning as much as possible to ensure you are fully informed, and prepared, is ‘smart’, and this link provides much more information about conveyancing, but it is not smart to imagine you can learn enough to do it yourself- learning that much is an education which is more time consuming and expensive than you planned for – it is cheaper and faster to enlist the services of mytapu.com- and that too, is ‘smart’.


At mytapu.com, for conveyancing, we have experts that have been doing this work of conveyancing for foreigners for more than 10 years. We appoint lawyers of specific expertise to deal with specific issues, in the same way we appoint and manage architects, appraisers, surveyors, insurance underwriters, mortgage underwriters, etc. It does not make good business or cost-budgeting sense to appoint a solicitor in Turkey to do general conveyance, when none of the work involved requires specific legal action- why appoint a lawyer to deal with appraisal or insurance matters? – most won’t- so those risks will not be managed effectively if just a solicitor is appointed.


This is why local Turks do not use local Turkish solicitors for performing a property purchase or sale transaction – did you know this? But the situation concerning the property purchase procedures for foreigners is different from that for local Turks…so it’s not just the cadastral framework, legal framework, and language that is different. That’s why foreigners definitely do need conveyancing… 


Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter here…or here…


At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 







Additional Reading- Articles and Web Pages...



Read more summary overviews on web pages....




Every property owner in Turkiye has a tapu, and that is why we named our business my tapu...

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 

Building Trusted Relationships is Building Our Business...!

 



 

Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...











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]]>Tue, 30 Oct 2018 08:18:22 +0300<![CDATA[Property Purchase Disputes in Turkey- Re-claiming Reservation Deposits]]>https://www.mytapu.com/blogs/post/Property-Purchase-Disputes-in-Turkey-Re-claiming-Reservation-Deposits


Foreign buyers of Turkish properties often find themselves in a situation where what they thought they agreed to acquire is not what they are getting. In cases where the matter is not amicably resolved with the Turkish seller or developer, what alternatives are available?

 

Fortunately, legal action to reclaim pre-paid reservation deposits or off-plan deposits is not a fruitless course of action. In fact, it can be relatively cost-effective and swift, in comparison to other legal jurisdictions, such as the U.K. However, there are two caveats.

 

First, much depends on the specific details of the situation- which means that every case is different. Beware of general statements such as ‘ your funds can be reclaimed and returned’. Yes it is possible, and our team of legal experts have been doing so continuously for years for our foreign clients, but the devil is in the detail. And it is those details that are essential to executing the litigation and enforcement procedures in an efficient and cost effective manner. So be prepared to focus on dealing with the detailed documentary evidence required, and our legal experts at mytapu.com will be happy to do the rest.

 

Second, not all legal advisors are the same. Importantly, it is often essential to use legal advisors that are not in, or near, the specific town or area where the property and dispute are located. This is because quite often and typically, the local advisers come under the influence of the counterparty that a foreign buyer comes into dispute with. This is normal in the sense that locally, the legal advisers live and work in the same community, and may have previous and ongoing work together with the local constructors, agents and developers, which creates a conflict of interest.

 

With those two basic guidelines to remember, a foreign purchaser of Turkish property should not hesitate to proceed in obtaining legal advice for the return of reservation deposits, off-plan stage payments, or ensuring  the selling counterparty in Turkey complies with the terms of the deal agreed between them.

 

The final point- do not wait- time works against you, and usually obscures and complicates the case with the more time that has passed.





Keep informed about property matters in Turkey, with articles like this one…sign-up for our periodic Newsletter here…or here…

 

At mytapu.com our policy is to ensure our clients are fully informed, so that they may make fully informed decisions- this helps to ensure better outcomes all around. 

 


How to Reduce ‘Rip-Off’ Risks Buying Property in Turkey

When or When Not to use a Solicitor for Property Matters in Turkey

Legal Oversight Management- what is it, when to use it…​​


Legal Checks on Property and Purchase Transaction in Turkey: Due Diligence

Legal Services for Property Matters in Turkey


Valuations and Appraisal Expert Reports

Are Appraisal Valuations in Turkey Understating Property Prices?

Buying Turkish Property- Why use an Eksper Rapor ?

Property Price Histories in Turkey


Conveyancing

Completing Transfer of Title, Access, & Payment - 'Conveyancing'​​

Residential Property Investors Tool-Kit for Turkey

Property Finders Service Istanbul and Coastal Turkey,

Citizenship Investment in Turkey

The One Source for Every Turkish Mortgage

Advice for Property Matters in Turkey 



All Articles (click here)

How to Begin Your Property Purchase in Turkey

How to Buy or Sell Turkish Property Remotely Online without Travelling June 2020

The Guide to Buying a Property in Turkey

The True Cost of Citizenship by Investment in Turkey, for Investors’ Capital AND for Advisory Consultants Brand Value….

Turkey Residential Real Estate Property Market Outlook, Trends, Forecasts, and Turkish Lira Exchange Rates

Why Istanbul Lifestyle Retains its Allure for Real Estate Investors…

 

 

 

Building Trusted Relationships is Building Our Business...!

See What Our Clients Say About Us...



]]>Thu, 26 Oct 2017 22:08:10 +0300