What are Title Deed Transactions? How are the transactions made in the land registry?

What are Title Deed Transactions? How are the transactions made in the land registry?

In real estate purchases and sales, a number of official procedures must be fulfilled in order to transfer a property to its new owner.

This process, which plays an active role especially in real estate purchases/sales, is carried out under the title deed procedures.

So, what are title deed procedures and how are they done?

In this article, we have prepared for you the answers to many questions you wonder about the title deed. If you are ready, let's move on to the details without wasting time.

What is a Title Deed?

Title deed is the name given to the written, official document prepared to determine the right holders of immovable property or goods located on a land.

Title deed transactions are generally important for the recognition of the property owner during the purchase or sale of immovable property.

Therefore, it is important for people who want to buy real estate to have detailed information about the title deed of the property they want to buy.

 

What are the Types of Deeds?

There are many different types of title deeds depending on the type and intended use of the immovable. Each title deed document is issued in accordance with the rights and standards of the immovable property.

Condominium Title Deed (Second Hand Title Deed):

It is the sharing and formalisation of more than one independent area in a real estate separately. It is mainly used in housing or workplace projects.

Land Title Deed:

It is the type of title deed that documents the ownership of the land.

In the land title deed; there should not be any structure on the land.

Residential Title Deed:

It is the type of title deed used only in the residence. The residential title deed expresses the full ownership of a house.

Workplace Title Deed:

It is the type of title deed used for immovables used for commercial purposes.

Condominium Deed of Easement: It is a type of title deed used to determine the owners in projects under construction.

Timeshare Title Deed: It is a type of title deed prepared for persons who have rights in the use of the property in real estates used for holiday purposes.

Field Title Deed: It is a type of title deed used to document agricultural areas and to recognise the rights to use these areas for agricultural purposes.

How is the Title Deed Process Performed?

1- Application to the Land Registry Office

For title deed transactions, it is first necessary to apply to the land registry office.

For this application, it is important to prefer the local land registry office of the region where the real estate sale will take place in order to speed up the process.

 

2- Preparation of Required Documents

Another step is the preparation of the necessary documents. It is important to record the necessary documents for title deed transactions.

Among these documents;

- Deed records,

- Identity document,

- Sales contract,

- There is a payment receipt for the title deed fee.

These documents are valid in every sales transaction and must be submitted to the land registry office by the buyers and sellers.

 

3- Investigation of Ownership

After the application process, a title examination of the property in question will be initiated by the authorities of the land registry offices. If there is any mortgage or other encumbrance on the real estate, this will constitute an obstacle in the process of issuing the new title deed and realising the sale.

 

4- Title Deed Fee

Title deed fees must be paid during the title deed process. These fees may vary according to the region where the real estate is located.

 

5- Issuance of Title Deed Certificate:

After the official completion of the sale process, the land registry offices will issue the current title deeds. On this title deed; information such as the information of the buyer and seller, the description of the immovable property and property payments are included.

 

6- Signing the Title Deed and Completion of the Process

After the title deed documents are issued, the signature process is carried out with the buyer and seller. After these signatures, the property is officially transferred to the other party.

By the land registry office, the title deed is recorded in the name of the new owner.

Of course, these transactions may differ depending on the country and region. For this reason, it is important to examine the websites of the land registry offices in the region or to contact the authorities before starting the title deed procedures.

If fulfilling all these procedures seems a bit challenging to you, it is of course possible to complete the title deed processes in a more comfortable way. How? Getting help from an expert, benefiting from their knowledge and experience in title deed processes is one of the best methods to facilitate the process. On the other hand, it is very important that an expert provides you with support in any legal process or changing legal regulations that you may encounter in title deed processes.

If you are wondering who you can get help for title deed processes, we will be happy to introduce you to Proturk Property's expert staff.

With its 25 years of expertise and experienced staff in the sector, Proturk Property is always with you in all matters you wonder about investment and real estate purchase and sale processes.