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ARTICLE · 22 MAY 2017

Commercial Lease Contracts Should Be Taken Separately

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Turkish modern retail sector is a fast-growing sector by comparison with many countries. But despite this rapid growth, it is not possible to say that the potential in this area is being fully used.

TurkeyReal Estate and Construction
Mustafa Gunes
Mustafa Gunes
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Housing and Commercial rents should be taken separately in legislative regulation about lease agreements.

Turkish modern retail sector is a fast-growing sector by comparison with many countries. But despite this rapid growth, it is not possible to say that the potential in this area is being fully used.One of the main reasons is that the applicable legislation contains some limitations and regulations needed by the sector are not satisfied.

The Law on Regulation of Retail Trade numbered law 6585 on the Regulation of Retail Trade and by-laws which are connected with this law offered an opportunity to pave the way for, but even this opportunity is not fully evaluated. The shopping mall sector states as a subdivision of the retail sector and relations between the shopping mall investors as a place provider in business and lessees in retail trade sector are determined by Turkish Code of Obligations.

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