Rent Property In Turkey, Terms And Benefits

26/07/2023

Process of rent property in Turkey

The process of rent property in Turkey is very simple. At first, you should contact the owner or property representative and ask about the rental conditions in detail. Next, the rental agreement must be prepared. In the lease agreement, the terms of the lease, the lease amount, the lease term, and the terms of payment must be mentioned. Then, the rental contract must be translated into Turkish, and along with the original contract, go to the relevant real estate registry office and register the contract. After signing the contract, the property is handed over to the tenant.

Conditions of rent property in Turkey

To rent property in Turkey, you must know and follow the general conditions and rules set by the Turkish government for this purpose. These rules are different from the rules of buy property in Turkey or buy property in Istanbul and have their own methods. Note that it is not possible to obtain Turkish citizenship by investment by rent property in Turkey, and for this you must buy a property with a specified value. In the following, you will get to know some conditions for rent property in Turkey.

Rental period: The period of rent property in Turkey is generally one year. But the tenant and the owner can consider a longer or shorter period in the lease agreement. Also, if the tenant wants to extend the contract, they must notify the owner at least one month before the end of the contract.
Rental amount: The rental amount is different for each property and will depending on the property's location, size and other conditions. Usually, the rent in Turkey is paid monthly.
Condition of the property: The tenant must ensure the physical condition and facilities of the property. they should also make sure that the property is legal and that there are no problems with its ownership.
Other expenses: Other expenses such as water, electricity, gas and common expenses can be borne by the tenant or the owner. In some cases, other costs such as the cost of repairs, the cost of replacing damaged appliances, etc. are also the responsibility of the tenant.
Deposit: The tenant must provide the owner with a deposit, which is usually two or three months' rent. If the tenant is late in paying the rent or returns the property damaged, the owner can use the deposit amount and deduct the damages from it.
Local Laws: Each city and region in Turkey has its own rules about renting property. Therefore, before renting a property, you should familiarize yourself with the relevant local laws.

Important points for renting property in Turkey

If you intend to rent property in Turkey, it is better to know some points related to renting a property in this country. Below are the most important points that may be useful for you in the process of rent property in Turkey.

Rental price: The rental price in Turkey is lower than in European and American countries. Of course, this low price does not mean lower quality and the quality of real estate in Turkey is in a very good condition.
Payment: To pay for the property and monthly rent, you must have a bank account in Turkey. Also, the amount of advance payment or deposit should be mentioned in the contract.
Joint ownership: If the property is jointly owned, the terms of joint ownership must be mentioned in the lease agreement. Also, it should be determined who is responsible for paying the expenses related to the property.
New buildings: Usually, in new buildings, the tenant must pay for security systems, parking, swimming pool and other facilities.
Seasonal rental: In areas that have tourist seasons, tenants may rent the property seasonally. In this case, the tenant must pay the rent in full and cannot access the property in other days.
Continuous income: Renting the property can be a source of continuous income for the owner. Also, renting property as an investment opportunity in Turkey can be useful for expats.

Advantages and disadvantages of renting property in Turkey

In addition to the mentioned points, rent property in Turkey has advantages and disadvantages that you should be aware of before moving. In the following, we will examine some of these cases.

Advantages of renting property in Turkey

Reasonable price: The price of real estate in Turkey is reasonable compared to other countries, and rent property in Turkey is much cheaper than in countries like the United States, England, and Canada.
Investment opportunity: Rent property in Turkey is considered as an investment opportunity in this country. Considering the growing trend of the real estate market in Turkey, renting a property can be an effective investment opportunity for investors.
Many facilities: rental properties in Turkey usually have many facilities such as swimming pools, saunas, and jacuzzi, which can be attractive to tenants.

Disadvantages of renting property in Turkey

Market fluctuations: The real estate market in Turkey may fluctuate and property prices may rise at times. Therefore, renting a property may be more expensive for tenants when property prices are high.
Non-sustainability: The property rental contract in Turkey is usually for a certain period of time, and after its end, the owner can sign a contract with a new tenant or sell the property. Therefore, there is a lack of sustainability in renting the property for tenants.
Failure to pay rent: In some cases, tenants may face financial problems and not be able to pay rent on time. This issue can lead to problems for the owners and cause tension in the relationship between the tenant and the owner.
Maintenance problems: If the rental property needs repairs, the owner must pay these costs. If tenants run into problems, the owner will have to spend more to fix the problems.

In general, rent property in Turkey has its advantages and disadvantages, and to choose the best solution in this field, you should pay attention to the conditions of the real estate market in Turkey and your personal needs. Also, if the property rental contract is prepared correctly and all its conditions are properly met, rent property in Turkey will be a good opportunity.

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Last word

Rent property in Turkey is attractive due to the reasonable price of properties and favorable conditions for tenants. Also, this activity can be useful as an investment opportunity in Turkey. In this article, the process of rent property in Turkey, the conditions of renting a property and important points in renting a property were discussed. By following these rules, tenants can rent property in Turkey with confidence.

Frequently Asked Questions

1-Do I need a lawyer to rent property in Turkey?

Yes, you can use the services of an independent lawyer to rent property in Turkey. A lawyer can help you prepare a property rental agreement and ensure that all the terms of the agreement are properly followed.

2-Is it better to buy a property in Turkey or to rent a property?

Buying or renting a property in Turkey depends on your economic conditions and personal needs. If you plan to live in Turkey and are looking for a permanent place to live, buying a property can be the best option. But if you are looking for a temporary place to stay in Turkey, renting a property can be a better option. Also, buying a property is associated with higher costs and it should be checked whether these costs will give you a good return or not.

3-Do I need a passport to rent property in Turkey?

Yes, you need a passport to rent property in Turkey. In fact, to prepare a property rental agreement, you must provide your identification information to the owner or real estate agent. Also, you need a passport to enter Turkey. Therefore, a passport is required as one of the most important documents for renting a property in Turkey.