When it comes to renting property in Turkey, it’s important to follow the rules outlined in the Turkish Code of Obligations. According to Article 344 of this law, the rental price should be decided based on specific guidelines. If there’s no prior agreement between the parties, the rental price can’t go up by more than the average increase in the cost of living from the previous year.
As of October 2023, the rent increase rate in Turkey was 54.26%. This data helps us understand how much the rent can be raised within a specific period. It’s crucial for both landlords and tenants to understand these regulations to avoid any disputes or misunderstandings.
Another important rule to remember is the temporary limit set for rent increases in residential buildings. According to the additional rules in the Turkish Code of Obligations, there’s a maximum increase of 25% allowed for rent between 02.07.2023 and 01.07.2024. If the cost of
living doesn’t go up by more than 25%, the rent increase will be based on this index. However, if the cost of living increases by more than 25%, the maximum rent increase will still be 25%.
These regulations are in place to ensure that both landlords and tenants are treated fairly. They prevent landlords from raising the rent too much and protect tenants from sudden and unjustified rent hikes. By following these rules, both parties can maintain a healthy and stable rental market in Turkey.
It’s important for landlords and tenants to communicate openly and honestly, especially when discussing any changes in the rental price. Following the guidelines set by the Turkish Code of Obligations can help create a positive and respectful relationship between landlords and tenants, making the rental market in Turkey more secure and reliable.
In conclusion, the rules stated in Article 344 of the Turkish Code of Obligations, along with the additional regulations, play a significant role in shaping the rental market in Turkey. Understanding and following these rules can ensure a fair and balanced rental market for everyone involved.
