Real Property Title Deed Transfer & Due Diligence Services in Turkey
At Bayraktar Attorneys, we understand that transferring the title deed of a property can be a complex and challenging process, especially for foreign investors unfamiliar with the Turkish legal system. Our team of experienced attorneys offers comprehensive Real Property Title Deed Transfer services, ensuring a seamless and legally compliant process for our clients.
What is a Real Property Title Deed?
A real property title deed, known as "tapu" in Turkish, is the official legal document proving ownership of a property in Turkey. It contains key information about the property, such as its location, size, and ownership details. To legally transfer property ownership, the title deed must be officially transferred from the seller to the buyer through the Land Registry Office.
Required Documents for Title Deed Transfer
To complete a real property title deed transfer, the following documents are typically required:
⦁ Original title deed
⦁ Sales contract or deed of gift
⦁ Turkish tax number
⦁ Identification documents (passport and notarized Turkish translation if applicable)
⦁ Proof of payment of title transfer taxes and fees
⦁ Mandatory property valuation report (for foreign buyers)
Our expert attorneys assist clients in gathering and preparing these documents to ensure a smooth and timely transfer process.
Risks of Not Completing a Title Deed Transfer
Failure to properly transfer the title deed can result in legal and financial complications, such as:
⦁ Continued ownership under the seller’s name, leading to disputes
⦁ Inability to resell or transfer the property in the future
⦁ Risk of property seizure due to outstanding debts of the previous owner
⦁ Possible invalidation of investment-based citizenship applications
By working with Bayraktar Attorneys, you can avoid these risks and ensure a secure, legally binding title transfer.
How to Transfer a Property Title in Turkey
The process of transferring a property title in Turkey includes:
⦁ Drafting and signing a sales contract or deed of gift
⦁ Obtaining a property valuation report
⦁ Applying for the title deed transfer at the Land Registry Office
⦁ Paying the applicable title transfer taxes and fees
⦁ Signing the official transfer documents in the presence of a land registry officer
⦁ Receiving the new title deed in the buyer’s name
Our attorneys guide clients through each step, ensuring compliance with Turkish legal requirements and regulations.
Real Estate Due Diligence Services
For investors looking to purchase real estate in Turkey, conducting thorough due diligence is essential to ensure a secure investment. At Bayraktar Attorneys, we provide comprehensive legal due diligence services to protect our clients’ interests and help them make informed decisions.
A. Legal Due Diligence
1. Title Verification:
We conduct a thorough investigation at the Title Registration Office to confirm the current ownership status and check for any encumbrances, mortgages, or liens on the property.
2. Property Valuation:
Our team assesses the property’s market value, considering its location and nearby developments. Additionally, we offer licensed expert valuation reports for an exact price assessment (additional cost applies).
3. Environmental Due Diligence:
We evaluate potential environmental risks and restrictions that may impact the property's usability or future development.
4. Legal Compliance Check:
We verify that the property complies with zoning laws, building permits, and municipal regulations, ensuring there are no legal barriers to your purchase.
5. Due Diligence Report:
We provide a comprehensive written report summarizing all findings, including title details, legal risks, and investment potential.
B. Property Acquisition Assistance
1. Drafting & Reviewing Contract Terms:
Once the due diligence is completed, we assist in drafting or reviewing the sales contract to ensure clear agreement terms and secure payment structures.
2. Organizing the Title Deed Transfer Appointment:
We coordinate with the Land Registry Office and the property owner to arrange the official title deed registration process.
3. Mandatory Valuation Expertise Assistance:
For foreign buyers, an independent expert valuation is required. We facilitate this step to prevent price manipulation and ensure a fair transaction.
4. Payment & Tax Consultation:
We provide guidance on sales price declaration for tax compliance and assist with transfer fee payments before the title deed appointment.
5. Representation at the Title Deed Transfer Appointment:
Our legal team can either accompany you through the transfer process or act as your authorized attorney, ensuring a smooth ownership transfer without requiring your physical presence.
6. Receiving & Delivering the Title Deed:
Upon successful registration, we collect the official title deed and provide it to our clients as proof of ownership.
Why Choose Bayraktar Attorneys?
Extensive Expertise:
Our deep knowledge of Turkish real estate law allows us to handle complex transactions efficiently.
Strong Banking & Investment Network:
We have excellent connections with international private bank branches, where account managers speak multiple languages fluently and are trained in the latest investment strategies in Turkey.
Risk Mitigation:
We ensure your investment is legally sound by identifying and resolving potential issues before purchase.
End-to-End Support:
From initial due diligence to the final title deed transfer, we provide comprehensive legal assistance.
Client-Centric Approach:
We prioritize transparent communication and personalized service to meet your specific needs.
If you are planning to invest in Turkish real estate, contact Bayraktar Attorneys today for a consultation and secure your property with confidence.
