Transferring the Title Deed
The Process of Transferring Title Deed in Türkiye
If you are considering buying a property in Türkiye, it is important to understand the process of transferring the title deed, also known as the title conveyance. The title deed is a crucial document that proves your ownership of the property. In this article, we will guide you through the step-by-step process of transferring the title deed in Türkiye.
Understanding Title Deed Transfer
The title deed transfer process in Türkiye takes place at the land registry office. Once you have signed all the necessary sales and transfer papers, the expert sales agents will forward the documents to the Title Deeds Registry Office. If you do not appoint a Power of Attorney, you will need to be personally present for the title deed conveyance. Both the buyer and the seller (or your appointed proxy) will meet at the Title Deed Office at the agreed time, and the conveyance of the title deed will occur in the presence of a sworn interpreter.
Step-by-Step Guide to Title Deed Conveyance
The process of transferring the title deed in Türkiye typically follows these steps:
- Preparing the Required Documents: Before the title deed conveyance, all the necessary documents need to be prepared. These documents include a photocopy of a valid passport, tax identification number, property valuation report, current market value of the property obtained from the municipality, and the identity card or valid passport of the seller.
- Application to the Land Registry Office: After completing the sales contracts and necessary payments, an application is made to the land registry office for the title deed transfer. The land registry office will examine all the documents and set an appointment for the title deed transfer.
- Presence at the Land Registry Office: If you have not appointed a Power of Attorney, both the buyer and the seller must be present at the land registry office on the specified day. This is to ensure that all necessary documents are signed in the presence of a sworn translator.
- Signing the Documents: At the land registry office, the buyer and the seller (or their proxies) will sign the necessary documents, including the title deed transfer agreement. The sworn interpreter will assist in the translation if needed.
- Payment and Possession: On the transfer day, the buyer is required to pay the full amount for the property. Once the payment is made, the land registry office will receive possession of the real estate.
- Utility Subscriptions: After signing the title deeds, you will need to transfer the utility subscriptions from the previous owner to your name. This includes subscriptions for water, gas, and electricity. Suite Türkiye offers assistance with this process as part of their after-sales service.
Frequently Asked Questions
Yes, there are costs involved in the title deed conveyance process. The buyer and seller typically share the cost of a 6% title deed conveyance tax. However, it is common practice for the buyer to pay the entire conveyance tax if it was not negotiated before purchasing the property. Additionally, there may be fees for an appraisal report and the circulating capital of the Title Deed Office
Yes, children can have a title deed in their names. In such cases, parents must sign for their children, and an additional required document is the child’s birth certificate with an apostille.
Yes, you can give power of attorney to anyone you trust. It does not have to be a lawyer or solicitor.
Yes, the title deed conveyance process is different when purchasing property for Turkish citizenship by investment. In this case, there are restrictions on selling the property within the first three years, which will be stated on the title deed conveyance papers.
“Title deed with hypothec” means that the buyer has a debt to the seller, and the property is used as collateral to secure the seller’s due.
All properties in Türkiye are freehold, meaning that you and your family will keep the ownership rights of the property unless you decide to sell it. Following your death, your family will inherit your property
No, Suite Türkiye provides assistance with the title deed conveyance as a free after-sales service.
Transferring the title deed in Türkiye is a crucial step in the property buying process. It involves preparing the necessary documents, applying to the land registry office, being present at the office for the transfer, signing the documents, making the payment, and transferring utility subscriptions. Understanding the process and seeking professional assistance, such as that offered by Suite Türkiye, can ensure a smooth and successful title deed conveyance.