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2024 Legal Conditions on Short-Term Lease with Touristic Purposes

posted 3 months ago

Introduction

2024 Legal Conditions on Short-Term Lease with Touristic Purposes are changing. This paper will underline recent regulatory changes for 2024 legal conditions on short-term lease with tourism purposes.

Doing business in Istanbul for 2024? 

Turkey is regarded as one of the most rapid emerging countries with its high-growth market for businessmen from all over the world. Particularly, Istanbul, as one of the largest cities of Turkey, hosts numerous foreigners at the crossroads of Europe and Asia. Indeed, Istanbul has been regarded as being the 9th major European city with a business-friendly environment.

For our work and all legal services on the matter of investment, please click our Practice Areas, titled Investment Advice.

touristic purposes

For the main advantages of investing in Turkey take a look at our articles:

What are the conditions for a legal stay in Turkey?

Primarily, obtaining Turkish citizenship is a workable solution for a legal stay in Turkey. Additionally, work permit, residence permit or international protection may bring a long-term solution. Nevertheless, foreigners may benefit from a short-term residency with a tourist visa.

The violation of residency rules is subjected to severe penalties in Turkey. Particularly orders on return or deportation and decisions on administrative detention may cause severe consequences to foreigners. Therefore, without comprehensive guidance and legal representation by Turkish immigration lawyer, it is quite hard to avoid negative results including severe sanctions on the grounds of infringements of legal stay rules.

Keeping in mind the increasing touristic rental activities, new reform is made by law and policy makers in Turkey. This time, new standards and principles are articulated for homeowners in Turkey in terms of lease activities for touristic purposes.

Legal Conditions on Short Term Lease with Touristic Purposes.

What is the new rental law in Turkey about 2024 legal conditions on short-term lease with touristic purposes? 

The Law on Rental of Residences for Tourism Purposes (Numbered 7464) was enacted on 25 October 2023. The main purpose of the new Law is to stipulate all necessary procedures and principles applicable to the rental of residences to natural or legal persons for touristic purposes. It is notable that key administrative sanctions are produced against unauthorized rental activities in accordance with Article 4.

What is the new rental regulation in Turkey about 2024 legal conditions on short-term lease with touristic purposes?

Afterwards, the Regulation on Regulating the Activities for Rental of Residences with Tourism Purposes was published on December 28th 2023. New rental regulations introduce a clear pre-obligation for a permit certificate [izin belgesi in Turkish] with the aim of short-term lease with touristic purposes up to 100 days. The provision of permit paper is a necessary precondition for rental of houses by landlords. Additional obligations for permit holders are developed. Permit certificate applications can be made online by means of necessary paperwork. Documentation process is stipulated in a very detailed manner by the Regulation. A set of papers should be properly prepared and submitted by permit holder candidates including a copy of ID card or a passport document, tax identification number, trade registry number or MERSIS number.

Conclusion

Considering above-mentioned analysis, new regulations represent a landmark development in Turkey with regard to the 2024 Legal Conditions on Short-Term Lease with Touristic Purposes. Rental activities fewer than 100 days are regarded as “short-term” and therefore fall within the ambit of the Law and the Regulation. Core legal obligations are set forth by the Law and the Regulation in question. The initial step should be the provision of a permit certificate for short term lease with touristic purposes.

Pi Legal Consultancy is a legal & business consulting international law firm in Turkey. We have four offices based in İstanbul, Ankara and Batman. We also enjoy solution partners and lawyers based in most European Countries, Canada and the United States. We offer legal consultancy and advocacy in key legal areas, among others, international trade, law of obligations, citizenship, healthcare, real estate, corporate governance, banking and finance. Based on a detailed overview of our client profiles and our service quality together with our marketing and branding efforts, we have been recently chosen by the London-based Prestige Awards Group as the international law firm of 2022/2023. Currently, we provide legal and business consultancy to leading French, Canadian, Norway, Denmark, Switzerland, Netherlands, British, American, Dubai, Kuwait companies and the Ministry of Health of Kuwait. We have also created a great collaboration with the Embassy of Saudi Arabia and the United Kingdom. We also offer legal consultancy and representation service to the foreigners, working or living in and outside Turkey. For more information our references please take a look at our reference pages

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