I - Introduction:
Stability and growth reached in the Turkish economy has attired attentions of foreign investors and foreign real persons to Turkish real estate market. The fact that Turkey has been attracting foreign investment created a need for new regulations on the right to real estate of foreign citizens. There have been many amendments in many regulations regarding this issue, especially in the Deed Law, and some part of these regulations has been cancelled by the Constitutional Court.
For this reason provisions of the Deed Law regarding right to real estate …

The explanations below are provided by the Paper Nr. 268 on Income Tax published on the Official Gazette on 29.07.2008. These explanations are about certification of residence or workplace rent payments and receipts through banks and post offices.
As of 01.11.2008, the duty to certify rent payments by means of documents to be drawn up by Banks or General Directorate of Post and Telegram Administration is brought

To those that have a rent income over YTL 500 for every resident in residential rents,
To landlords and lessees in workplace rents.

This way, landlords who …

In Turkey, due to the frequent changes of construction regulations and plans, the performance of an agreement may become unfulfilleable or impossible, because of the failure to obtain required licenses after the conclusion of the contract or cancellation of the construction works by the local authorities. In such cases, the answers to the questions “What will be the liability of the contractor?” or “Who will indemnify for the losses of client?” or “How will this incident affect the agreement between the undersigning parties?” shall vary upon two different schemes. The …

Either local, or foreigner, one of the most important legal issues concerning the contractors offering services in construction industry is the validity issues of building contracts, which they might face during the jobs they undertake in return for appartment flats. Before examining this subject in details, briefly defining the concepts of “contract” and “building contract in return for appartment flat” might be appropriate.
Upon Turkish Obligations Code (OC) article 1, a contract is formed with the mutual and apposite consent declaration of the parties. The consent’s decleration can be either explicit …

Paragraphs 7 and 8 of the article 35 of the Deed Law on acquisition of real estated by foreign citizens which was partially annulled by Constitutional Court on 11.4.2007 and article 36 which had been abrogated by the article 38 of the Law nr. 4916 on 19.07.2003 have been re-regulated..
By the first arrticle of the Law nr. 5782 on “Amendments in the Deed Law” [Law 5782] published on the Official Gazette nr. 26937 on the 15.7.2008, areas where foreign citizens and foreign investors cannot acqiure real estate have been defined …