Types of Title Deed in Turkey. Difference Between Agricultural, and Real Estate Property Tapu
TAPU is the official name for the widely used title deed, usually for residential unity, or the property where it will be built on. Tapu is the paper document that sets a specific property, establishing the property owner as the person mentioned in the report. The government approved document stores providing information about the property while setting the location of the property. This document is regulated by the Board of Land Registry and Cadastre.
The property deed must only be given to the owner of the property (the legal owner).
If the property is owned by more than one person, a document is given to prove the share of each person in the property, and each may be given a unique certificate, that shows the share of the ownership in the property.
The owner's name is written in the owner box with mentioning of their title and share. Usually the cost of a title deed is the %2 percent tax of the price for the registered property. The initial property must be a minimum of $250.000 USD before taxes to be eligible for Turkish Citizenship in the first place.
The title deed for the agricultural land and land for construction is different in terms of the information contained therein. These documents include the number of the apartment, its location in the building, and its share of the land in development. If such information is missing on the Title Deed document, that means the property has not yet received its full title as a real estate property.
Agricultural Title Deed
A land is a property that is registered as an empty plot that is construction ready. The land must be located within borders by the reconstruction plan to acquire the status for reconstruction. However, having the status of the empty plot does not mean constructing a building. You must also create a project and apply for the building permit on this land. It is necessary to consider and check the municipality concerned about the status of the reconstruction.
Full Title Deed
The full Title Deeds are documents that record the ownership of a project after it has been completed, such as units at a residential or office project. The independent apartment houses are appointed with the approval of each section separately for all owners of a building. The ownership can only be evidenced by the independent section of the mentioned building.
Shared Title Deeds
The ownership of these title deeds are transferable between multiple owners in the property for a certain period. The transitional ownership of the property is determined by a timeline of 7 to 15 days per year. This is for shared houses, such as summer houses and villas. Each owner has all rights of ownership from the sale, lease, and waiving their right to a third party.
