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ARTICLE · 23 MAY 2017

Amendment Of The Shopping Centers Regulation

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In Amendment, it has been stated that the expense sharing procedure to be agreed on jointly and unanimously will be applied for a maximum of five years.

TurkeyAntitrust/Competition Law
Mustafa Gunes
Mustafa Gunes
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Contrary to the expectations, the new provisions with regard to common expenses at Shopping Centers will rise to a great deal of confusion and legal uncertainty in the future.

Some changes have just been made to the Shopping Centers Regulation ("Regulation") which had entered force upon publication of Official Gazette on February 26, 2016, with a text of amendment published on the Official Gazette dated December 30, 2016. The amendments are mainly concerning to how the common expenses (service charges) would to be distributed and also the obligations imposed in respect to security measures that the shopping centers shall install a license plate recognition system and an undercarriage imaging system.

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