Condominium ownership (Kat mülkiyeti)
Also known as: condominium title deed, strata title, kat mülkiyeti tapusu
Definition
Under Turkish law, the ownership right established over the separately usable units of a completed building, linked to a land share.
Condominium ownership is established over the independent units (apartment, shop, office, storage unit) once the building is completed, and a separate page is opened in the land registry for each unit. The unit owner is the sole owner of their independent unit; in the land and the common areas, they are a co-owner in proportion to their land share.
Condominium ownership usually arises after the occupancy permit (iskân) is obtained, by converting a previously established floor easement into condominium ownership.
A condominium ownership title deed is preferred in sale and loan transactions because it shows that the independent unit is in a completed building with an occupancy permit.
In CasaX
In CasaX, a property is set up as organization, site, block and independent unit; each unit is defined with its land share and m².
This content is for general information only and is not legal or financial advice. Legislation may change; consult a professional about your specific situation.