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Similar to other nations, Turkey has a service for legal audits or due diligence on real estate objects.
This service is provided because, compared to the cost of such an inspection, a person investing in real estate typically invests a lot of money and wants to fully understand the property’s past, as well as consider all risks that might arise from its continued use or sale.
An examination of a property’s history, including its creation, ownership changes, and legal disputes, is known as “checking” in Turkey. Due diligence will therefore shield you from the unfavorable aspects of the item’s past.
It is obvious that achieving 100 percent guarantees is difficult, but a thorough examination of Turkish real estate, including a thorough investigation of an object’s history, will enable you to decide whether to buy or sell the item in question and will also assist you in accurately estimating the risks associated with your investment.
What you should check before purchasing a piece of land, a home, an apartment, or any other type of property is:
first right of ownership and the creation of the object
Most frequently, breaking the law is permitted just as construction is beginning and property rights are being registered.
Because of this, it’s critical to investigate the origin of the land, who exactly built it and on what basis, and whether any conflicts or disputes occurred during construction.
examination of previous owners
Understanding the ownership transfer process and who the new owners are in reality, from the first to the last, is crucial. This can be achieved by either reviewing all donations, sales, and other types of transactions. through the appropriate registers as well.
What is the property’s current state?
Investigating the records used to support the most recent registration of property rights is necessary to determine whether those rights are currently subject to arrests or restrictions on registration actions.
Checking for litigation and court rulings on the property is also crucial.
examination of the property in person
verification of adherence to permit’s technical requirements. It frequently occurs that previous owners made changes without following the proper procedures or updating the technical documentation, which could later result in significant investment losses or at the very least higher legal fees to make the changes official.
You will receive a conclusion from our company based on the findings of the inspection of the investment object in Turkey.
This conclusion will include all stages of the inspection with any flaws that were found and our observations, as well as an investment conclusion about potential risks, if any.
