Understanding the Importance of a Title Deed
A title deed, or "Tapu" in Turkish, is a legal document that serves as proof of property ownership in Turkey. This essential document includes detailed information about the property, such as its location, the owner's name, property type, and size. The title deed is a critical part of any real estate transaction and ensures the legal ownership rights of the individual or entity holding the deed.
In Turkey, ownership can be shared by multiple individuals without a limit on the number of owners. Additionally, all properties are freehold, meaning that after the titleholder's death, the ownership rights automatically pass to their heirs. Alternatively, the property owner can leave the property to anyone through a legally binding will.
Key Points:
- Proof of Ownership: Confirms legal rights to a property.
- Details Provided: Location, owner, property type, and size.
- Shared Ownership: An unlimited number of people can share ownership of a single property.
- Freehold Property: Automatically inherited by family members or as designated in a will.