What does TAPU/ Turkish Title Deed mean?
TAPU or the Turkish Title Deed is a proof of ownership document, which includes detailed information about the property, and is documented by the Directorate of Land Registry in Turkey. It is an essential file which includes all of the info bearing on the possession of the assets. The file additionally incorporates data approximately the proprietor and the assets as well. It gives the owner of the property the legitimacy to register this property, as well as it gives him the full right to dispose of it either by renting, selling and all other forms of investment.By all means, this report will encompass specific records approximately the kind of belongings, the call of the belongings owner, his photo, and the formerly archived records approximately the belongings, supplied that the information of this report is in Turkish language and protected withinside the statistics of the name deed`s department in Turkey.
What Does the Title Deed Contain in Turkey?
- The property's address.
- A personal photo of the property owner.
- The property owner's name, national number and nationality.
- The land registration number on which the building is built.
- The type of land, and whether it is eligible for reconstruction or otherwise.
- The financial condition of the property, and whether it is mortgaged or not.
- The total land area on which the real estate project is located.
- The area of the property with the floor and building number.
- The value and price of the property in Turkish lira.
- Registration data before and after purchase.
- The signature of the person responsible for organizing and issuing the title deed in Turkey.
What are the Types of Title Deed?
1. Real Estate Easement Bond:
- Imagine a building under construction, divided into individual units with separate title deeds. Each unit gets a "floor title deed" outlining its rights and details before the final ownership title. This is like a preview of your future apartment!
2. Floor Easement Bond:
- This document protects your rights within a specific floor of a building. Think of it as a detailed map showing your exact apartment and its unique features.
3. Full Title Deed:
- Once construction is complete, you receive the ultimate prize: the Full Title Deed! This official document confirms your full ownership of the property, including its location, type, size, and share of the land. It's like the winning ticket to your dream home!
4. Building Bond:
- This one's for standalone properties like villas, factories, or warehouses. It provides information about the entire building without diving into individual sections. Think of it as a building's ID card.
5. Land Deed:
- There are two types:
- Agricultural Land: Suitable for limited construction (10% of the area). Think of it as a plot with potential for a small farmhouse or cabin.
- Construction Land: Perfect for building your dream home with more flexibility.
Both require a government-approved reconstruction plan, so double-check with the local municipality before you buy.
6. Post Deed:
- This temporary title deed allows you to sell, buy, or lease the property for a specific period. Think of it as a placeholder until the final ownership is settled.
7. Common Land Registry:
- Owning a property with friends or family? This deed registers the property under all your names, specifying each person's share (equal or different). Remember, everyone needs to agree before selling any portion.
8. Commercial Register:
- This one's for shops, offices, and other commercial spaces. It specifies the property's purpose, size, owner, and location, ensuring everything is clear for business!
Title Deed Fees and Ownership Status:
Imagine the Tapu fee as a one-time entrance fee to officially become the owner of your Turkish property. It's a flat 4% of the total property price, regardless of payment method.
- Cash Purchase: Pay the fee upfront with your final payment.
- Installment Plan: Pay the fee once all installments are completed.
Ownership Status:
Listing a property in Turkey involves transparency about its ownership status, which can be categorized in two ways:
1. Full Title Deed :
- This is the ultimate ownership document, obtained upon completion of construction and payment of the Tapu fee.
- When listing, clearly mention the property type (apartment, villa, shop) to indicate full ownership.
- Mentioning specific details like floor, area, and property number further confirms full ownership.
2. Easement Bond :
- This is a temporary document issued before full ownership is granted.
- If the property type isn't mentioned (e.g., only floor and area), it likely still has an easement bond.
- Mentioning "easement" in the listing clarifies this temporary status.
