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ARTICLE · 15 JULY 2024

Amendment To The Regulation On The Qualifications Of Tourism Facilities

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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Therefore, land registry practices should be carefully monitored in the coming period. We foresee that contractual alternatives will be considered to ensure that agreements on utilisation...

TurkeyGovernment, Public Sector

Introduction

Significant amendments have been made to the Regulation on the Qualifications of Tourism Facilities ("Regulation") in Presidential Decision number 8447 and published in the Official Gazette on 11 May 2024.

The amendments provide that agreements regarding the utilisation, use and management of accommodation units of facilities providing accommodation services cannot be annotated to the land registry. This limitation will be considered in applications for a tourism investment certificate and will be annotated to the declarations column of the land registry page of the relevant property following issuance of the certificate.

This regulation could indisputably have great impact on residential and mixed-use projects in tourism zoned properties carried out through land share sales and agreements between joint owners regarding utilisation, use and management. It should be noted that there are several ongoing residential developments in tourism zones to

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