Top 5 rules for renting out non-residential premises in Turkey

Real estate rentals- is a contract between a landlord and another person, whereby the landlord gives his property to the tenant for a certain fee. In Turkey, this service is highly popular because it generates excellent income and therefore has many peculiarities related to local legislation.

Important points when renting out non-residential premises in Turkey

First, you need to find a tenant for the property. It is possible to do this on your own, without outside help. But owners often prefer to contact a professional real estate agency and do everything safely, without any problems in the future.

The thing to remember is.room rentalis possible only with officially registered real estate. It is prohibited to conclude an agreement with unregistered, unfinished or non-operational objects. The owner must have all necessary documents for this type of property.

When a possible tenant appears, it is important to know and negotiate important details. It is important to clarify why it is being donelease of commercial space,what work will be done in it. It should be specified whether a change of layout, cosmetic or complete renovation is required. All necessary work of this type should be entered into documents for further security.

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This document is an important part of the contract.

How to rent out non-residential premises according to all the rules?

When the tenant is completely satisfied with the premises, all agreements can be concluded. It is safer to execute such documents in real estate offices under the supervision and control of a lawyer. A simple form of agreement is used, but you should take into account the following points:

duration of the contract is less than 3 years - registration of documents may not be performed;
rental period longer than 3 years - all registration is mandatory and the owner must pay all taxes on the income from the property.

Lease of buildingmust include a lease agreement. It shall include the following information:

accurately describes the property and indicates the value;
the length of the lease and all termination details;
it is very important to specify whether the tenant has the right to sublet the premises to others;
specifies the type of work for which the building will be used;
the amount of the rental fee. It should not be less than the specified minimum in your area. Any possible fee increases should be clarified;
the time of payment and details of possible insurance payments;
Determine who will make utility bill payments and record all readings on meters;
payment for all means of communication: internet, television, etc. is specified;
All details of any repairs made, if any, are entered;
sanctions for breach of the rules of the arrangement;
termination rules.

Office rentalor other premises is an important process. It should be done with the assistance of a lawyer to avoid further problems.