Things You Should Know About Condominium Law

Things You Should Know About Condominium Law

Today, people live in collective living spaces, that is, in apartments or housing projects such as housing estates. In such crowded living spaces, certain rules and regulations are required to ensure harmony and order among people. In Turkey, legal regulations regarding such common living areas are provided by the "Condominium Law". So, what is the Condominium Law? What are the rights and obligations in the law? We have prepared answers to all these questions and much more for you.

What is the Condominium Law?

Condominium ownership is the name given to the private property right granted to a certain part of a building or an area belonging to a person / right holder. In general, condominium regulations also ensure that people who own a housing unit also have certain usage rights over the common areas of the building.

Such laws are applicable in collective living areas;

- How the common areas are to be used,

- Maintenance and repair responsibilities,

- It is of great importance in regulating issues such as collective decision-making processes.

In particular, Article 20 of the Condominium Law, which regulates the common obligations of the condominium owners, imposes the obligation to participate equally in all expenses.

Although the Condominium Law differs according to the country and region, it is based on certain basic principles.

Main Principles of the Condominium Law

1- Rights of Condominium Owners:

The condominium owners have the right to use the property they own, the right to use and access the common areas.

In addition, condominium owners also have the right to attend meetings and take decisions.

2- Obligations of Property Owners:

Property owners are obliged to pay dues and participate in other common expenses. They must also be involved in processes such as building maintenance and repair.

3- Use and Maintenance of Common Areas:

Condominium owners have the right to use common areas. Therefore, they are obliged to accept the responsibilities for the maintenance and repair of these areas.

4- Site Management:

Site management or building managers have roles and responsibilities. These responsibilities include meeting organisation and decision-making processes.

5- Meeting and Decision Making Processes:

The condominium owners have the obligation to attend the meetings and the right to take decisions on the issues shared in the meeting.

 

Rights Recognised to Condominium Owners

We have learnt the main principles of the Condominium Law. Now it is time,

Certain rights recognised to condominium owners within the scope of the law:

1- Firstly, the right of ownership. Condominium owners have the right of full ownership. Within the scope of this right, they can live in the property, rent or sell the property.

2- Property owners have the right to use the common areas of the building.

3- Property owners have the right to participate in meetings organised on site management and other important issues.

4- The condominium owners have the right to participate in and influence the decisions taken on the use and maintenance of common areas, building security and similar issues.

5- The condominium owners may participate in the existing building/site management.

6- The condominium owners have the obligation to protect and maintain their dwellings and common areas.

7- The condominium owners are obliged to participate in expenses such as site/building maintenance, cleaning and security.

Although these rights and obligations are referred to as basic articles, laws may differ from country to country and even regionally. For this reason, it is important to consider local regulations and follow updates. If you are wondering where you can access current information or issues that may concern your property investments, you can visit our Proturk Property blog page.

For information about new investments or to review Proturk Property's rich investment portfolio, you can contact us without wasting time.