Why Rent Before Buying a Property in Turkiye ?

02.08.24 03:42 PM

Obtaining more local knowledge leads to better decisions....

For a person that is intent on living in Turkiye, renting before buying allows one to get to know the local area better, before committing a capital sum, which is takes more time and effort to rectify if the choice isn’t the right decision.  Renting before buying results in having more time at a more relaxed pace to explore and gain insights about more and better choices with which to make better decisions. A foreign buyer has so much choice when choosing locations, property types, and lifestyles generally, that it almost seems foolish to imagine making a snap decision to buy, without exploring more options, first.

Is it Easy to Rent Before Buying ?

Yes it is a comparatively easy process to find a rental property and enter into the rental agreement, as long the necessary guidance is available. Finding a property is best done with theonline property portals, where the choice is much larger and better than with an agent. Entering the contract is fairly simple because the contracts are standardized-  for the local Turks renting from local Turks. If you are non-Turkish, the situation is different, and the contract and agreement needs to reflect this, as do the main heads of contract. A lawyer can oversee the contract drafting in Turkish to ensure proper convention and execution, but local lawyers typically have limited experience advising non-Turkish renters on rental contracts that are longer then a couple of weeks for which such advice isn’t really needed. For a long-term rental, the advice of an experienced professional is advisable, because there are issues that are specific to foreigners that local Turkish landlords and local lawyers usually haven’t considered before.

 

In addition, the most challenging aspect is the management of the residence permit application and procedures. Several years ago it was a relatively easy procedure, and certainty, but no longer. If the rental term is less than 90 days, the renter can usually manage by using a tourist visa, which allows for staying in Turkiye for up to 90 days in a 180-day period. For a longer period, the short-term residency permit application and procedure is required. There are specific requirements in this procedure that govern the acceptability of the property being rented, relating to rental permits, which also relate to building permits. For these aspects, independent professional advice is required.

 

In addition there may be additional aspects that require experienced professional advice, related to rental prices, security deposits, maintenance, etc. Again, for these, experienced advice is required- relying on layman’s hearsay can be a costly mistake,

 

Fortunately the insights and advice are available from MyTapu Associates and can be provided in a manner to be most effective- as 'Due Diligence’ during the property search process, with the Property Finder’s Search and Selection service. Yes, the issues may be different, but due diligence is just as important when renting as it is when buying a property. So renting can be easy, when you have the right advice to begin with. Learn more by emailing info@mytapu.com about 'Renting in Turkiye'.

 

Is it Better to Rent Before Buying ?

Generally it is better to rent before buying because renting first enables one to take their time to avoid poor decisions, and make sure about their decision, before committing their savings investment capital to a purchase… that could prove a costly mistake. It happens often because high-pressure sales tactics by agents, and this can be avoided by renting whilst looking for a purchase. Improve your results and outcomes by getting to know more about your choices, discovering better choices, and making better decisions…



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