Increase the Value of Your Investments with Land in Return for Flat Agreement

The real estate sector continues to rise day by day.

Modern buildings, new living spaces and commercial offices make a great contribution to change the face of the city. Not only contractors or construction companies benefit from the construction projects; land owners can also make the same degree of profit.

How?

Of course, with the construction contract in return for flat, which has become popular in recent years.

Let's move on to the details.

What is Land Sale in Return for Flats?

One of the sales models that have become very popular in the real estate sector in recent years is the sale of land in return for flat.

Land sale in return for flats is the process of transferring the land of the landowners to the contractor or construction company in return for flats / houses.

Landowners who transfer their land for the construction of building or housing projects can request flats free of charge from the project to be built.

The process is formalised with a contract on this sharing determined between the landowner and the company.

What is a Construction Contract in Return for Floor (Land Share)?

The contract, which includes information about the shares to be made on the land and the land, is called a construction contract in return for floor (land share).

This contract signed between the land owner and the construction company or contractor is a legal document that regulates the responsibilities between the parties, the realisation and termination of the construction.

What are the Conditions of the Construction Contract in Return for Flat (Land Share)?

The construction contract in return for flat; It covers various obligations as well as determining the limits, rights and provisions.

Basic provisions of the construction contract in return for flats;

 

1. Recognition of Parties

Identity and residence information of the contracting parties; land owner and contractor must be included in the contract.

 

2. Project Description

All details of the construction project must be included in the contract. Project plans, technical specifications, structure, architecture, building type and all other information related to the project should be presented in the contract.

 

3. Determination of Land Share

One of the details that must be included in the contract is the rights to be obtained by the land owner. The share ratio should be clearly stated in the contract. It is generally preferred that the landowner gets a certain percentage share from the constructed buildings.

 

4- Financial Issues

The cost of construction should also be included in the contract. It is very important to specify the construction cost in an explanatory manner in order to prevent possible disputes.

 

With construction contracts in return for flats, landowners contribute to both the appreciation of their investments and regional development by giving their land in return for flats.

Thanks to this cooperation, which offers many advantages to both parties, land owners have a good opportunity to utilise their vacant land; they can turn their land into a residence or a commercial office and make significant gains from the increase in the value of the property.

 

If you want to increase the value of your investment, you can participate in the land process in return for condominium ownership.

 

Of course, it is very important to reach an agreement with a corporate company to make a reliable and profitable investment and turn your dreams into reality.

If what you are looking for is a modern real estate project in the center of the city, Proturk Property, with more than twenty years of experience and expert staff, will help you find the comfort you are looking for.