Buying property in a foreign country can be an exciting but complex process. Turkey, with its beautiful landscapes and rich history, has become a popular destination for property investment. To make sure your property purchase goes smoothly, it’s essential to understand the role of notary services in Turkey.
What is a Notary Service?
In Turkey, a notary service is a government-appointed office responsible for verifying and documenting important legal transactions, including property purchases. Notaries play a crucial role in ensuring the legality and authenticity of documents involved in property transactions.
Why Do You Need Notary Services?
Document Verification: Notaries examine and verify the documents related to the property, such as title deeds, contracts, and identification papers, to confirm their accuracy and authenticity. This helps prevent fraud and ensures that you are buying a legitimate property.
Language Barrier: If you’re not fluent in Turkish, notaries can provide translation services, ensuring that you understand all the documents you’re signing. This is crucial for making informed decisions.
Ownership Transfer: Notaries oversee the transfer of property ownership from the seller to the buyer. They update the official land registry records, making sure that your ownership of the property is legally recognized.
The Notary Process for Property Purchase:
Reservation Agreement: Before signing the final purchase contract, a reservation agreement may be made. The notary can assist in drafting and verifying this agreement, which typically includes the property details, price, and conditions for the sale.
Due Diligence: The notary will check the property’s legal status, ensuring there are no outstanding debts or legal issues associated with it. This step is vital to protect your investment.
Purchase Contract: Once everything checks out, a purchase contract is drawn up and signed in the presence of the notary. This contract includes all the terms and conditions of the sale, and both parties involved in the transaction sign it.
Payment: The notary can facilitate the safe transfer of funds from the buyer to the seller, ensuring that the payment process complies with Turkish laws and regulations.
Title Deed Transfer: The final step is the transfer of the title deed (Tapu) from the seller to the buyer. The notary oversees this process to ensure it’s done correctly and legally.
Notary services in Turkey are not free. You’ll be required to pay fees for the services provided by the notary. These fees can vary depending on the complexity of the transaction and the notary’s location.