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Renting Property

Turkey - Renting Property



Rental rates in Turkey vary widely, depending upon a variety of factors such as quality of property, location, date of construction, parking facilities and so on. It is important that the prospective renter work with a reputable Real Estate Agency. These Agencies have Rental Divisions as well as Sales Divisions, and will be conversant with suitable properties available for lease.

Leases are generally paid one year in advance, but this can be negotiated. A deposit equivalent to one month's rent is almost always required. In designated short-term leases the rent is generally paid three months in advance.

Bargaining is an accepted practice prior to signing the lease, especially if you will be paying in US dollars or Euros. If you lack negotiating skills, ask your Real Estate Agent to bargain on your behalf.

According to Lameta Real Estate the following are important points to consider:

Signing the Lease: For your protection, always insist upon a written lease or rental agreement. Read the lease carefully and know exactly what you are agreeing to. If any clauses prohibit you from using the rental as you intend, finalize those before signing.

Make sure the following items are included in your lease:

- Description of property
- Duration of the lease, including a clause to terminate the lease in case of a transfer due to employment
- Names of the landlord and the tenant
- Rent amount and due date
- Amount of security deposit and any prepaid rent
- Responsibilities for maintenance
- Notice requirements when terminating the lease
- Rules and regulations of the landlord
- Rights and responsibilities of both the landlord and the tenant
- Items included in the rental unit (e.g., appliances, carpeting, utilities, etc.)

Questions to ask your landlord:

- Are pets allowed?
- What deposits are required?
- What are your landlord's entry rights?
- Are recreational facilities included in the utility expenses?
- Are electricity, water, and heat included in the utility expenses?
- Are you charged a fee if you are late with the rent?
- Will you be able to renew the lease; if so, what are the rent increases?
- How much time is required for notice of renewal or termination of the lease?
- Is the escalation clause within local rent-control regulations?
- Are there options to extend the lease?




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