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Turkish Property Sales and Purchases - Turkey Property.
Advice on Legal Procedure for buying a Property in Turkey
It is not necessary to appoint a solicitor for house purchases in Turkey
but it is the sensible thing to do for a few good reasons;
It will save you traveling there just to sign a few papers.
Procedure will be followed efficiently by a legal professional
on your behalf, who speaks in the native tong.
Anything that may cause problems later on will be eliminated
or flagged up.
As it will be an English speaking solicitor it will save you hiring
an official translator.
It will not cost you a fortune, it will be money well spent.
For those very reasons, we have made arrangements with solicitors across Southern Turkey. You can take advantage of this and get the best service and
the best price. They will take the worry out of the legal side of house buying and make it a peasant experience.
We do not recommend our clients to let somebody else other than a solicitor to handle this transaction no mater how many houses they may have bought and sold for their uncles, aunties and friends in the past (as, many people in turkey will claim to have done)
We have several solicitor contacts who are experienced in this field.
We can even arrange for you to have an initial, free no-obligation consultation with a solicitor. Please contact us for details.
Our recommended solicitors
will prepare and check all the following on your
behalf for a very reasonable fee along with a professional service.
Prepare Power of Attorney (if requested)
Perform search at the Title Deeds registry Office
Obtain confirmation that the deeds are clear of debts
Obtain confirmation that the deeds are not under litigation
Obtain confirmation of who has the right to sell the deeds
Perform search at the Forestry Commission
Obtain confirmation of any discrepancies over the title deeds
Obtain confirmation of access rights
Qualify any building permissions at Town Planning office
Obtain confirmation that deeds are within the municipality boundaries
Obtain confirmation of land status
Perform search at The Turkish State Museum
Obtain confirmation of land status
Qualify all outstanding amounts to be settled at the Tax Office
Preparation of sales contract
Perform registration of Title Deed
This service does NOT include,
Notary costs.
Costs of Turkish Chamber of Commerce and local Registry.
Other fees required by local authorities.
These will be charged at cost.
Contract Details:
Contract should include the following details
A detailed description of the property. ie. Full address, Tapu details (Title deed)
The actual price to be paid to the seller. (Buyer and the seller will each pay a stamp duty of 0.75% of the stated value) Having the value of the property stated
in the contract will help to protect your rights in case of a future dispute.
The bank account details of the seller. It should be a single account, which all
the payments should be made in to.
The bank account details of the professional you are using. You should use a single account to make payments into this account.
The payment terms and conditions, including the details of deposit, interim and final payments to the seller as well as the payment details to the agent and the solicitor would have to be separately identified.
Details of the tax liabilities.
The fees and commissions to be paid agent and the solicitor
Whether parties can back out of the sale/purchase, if so under what conditions can this happen.
What happens if there is a legal obstacle
Under what conditions and how will the money would be refunded. |
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