In recent regulatory developments affecting the short term rentals and Airbnb listings of luxury residences in Turkey, the government has issued a secondary regulation that refines the legislative framework governing short-term residential rentals and the license application procedures. This is the secondary regulation to the Law introduced last year (covered extensively in our previous article) …
Short-Term Rental Regulations in Turkey: New Legal Framework and Impact on AIRBNB Rentals
The significance of tourism in the global economy and the changing habits of travel have made short-term residential rentals a popular alternative among accommodation options. The rise of platforms like Airbnb and the rapid growth of the sector have begun to render existing legal regulations insufficient, necessitating new legislation in many countries, resulting in the …
Sealing the Deal: Guidelines for Foolproof Turkish Real Estate Contracts
How to Ensure the Validity of Turkish Real Estate Contracts I. Introduction to Promise of Sale Contracts In the vast and intricate landscape of property dealings, real estate contracts serve as the bedrock of transactions, ensuring that both parties' interests are adequately safeguarded. Among these, the promise of sale contracts emerges as an especially significant …
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Turkish Citizenship by Investment: Your Top 23 FAQ Answered
Since its inception in 2017, when the Turkish Citizenship by Investment Program was first unveiled, ASY LEGAL has been at the forefront, offering bespoke consultation to our esteemed clientele. Our legacy in Turkish immigration and citizenship by investment is rooted in profound expertise and a consistent record of success. Our mission is simple: to provide …
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Turkish Citizenship by Investment
Turkish Citizenship Applications Based on Real-Estate Investments Av. Ali Yurtsever L.L.M I. OVERVIEW Until the recent framework changes, Turkey had a very strict policy when it came to granting citizenship to foreigner, and especially did not grant Turkish citizenship based on any kind of investment. The reasons for such strict policy vary, although it is widely accepted …
Acquisition of Property By Virtue of Statute of Limitations
I. GENERAL EVALUATION One of the most common problems regarding immovable property today is that the inherited immovables are not known/identified by the new owners, the new owner is registered in the land registry or the said immovables are completely forgotten by the owners, and these immovables are used and evaluated by third parties for …
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