Buying the debts of the monthly returns of the property in Turkey
In this article from Ebla Real Estate, we will talk about buying the debts of the monthly returns of the property in Turkey.
The monthly returns of the property in Turkey:
The monthly returns are the money received from tenants or apartment owners, to cover the expenses of common spaces in apartments and sites. These monthly returns (dues) are known in Turkish as (AİDAT), divided between residents equally or by the size of the property they own, and generally collected as monthly or annual payments.
The monthly dues are used by residential community departments to develop the residential complex, add additional social facilities, and bring smart solutions that make life easier for residents.
It is worth noting that monthly service fees can vary from one complex to the nex. Depending on the facilities, services and common areas in the complex.
Buying the debts of the monthly returns of the property in Turkey:
The debts of the monthly returns usually accumulate if the owner does not live in the apartment or is traveling. It is worth noting that the owner has to pay it even if he does not use the apartment.
Assuming that a person wants to buy a used apartment in a residential complex in Turkey. How can he make sure that there are no debts of the monthly returns of the property?
Through the owner of the property, you can agree with him. Either you buy the property and he pays those debts. Or you deduct the amount of the dues from the value of the prope. This means buying the property with the debts of the monthly returns.
Edited by: Ebla Group Real Estate
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