Delayed Property Delivery By Construction Companies In Turkey

Introduction

In recent years, the rapid pace of urban transformation and large-scale construction activities has transformed how property is acquired. Increasingly, buyers are entering into agreements with construction companies in which property delivery is promised on a stipulated date. These contracts may involve direct property purchases or property-for-construction arrangements. Central to such agreements is the construction company's commitment to deliver the property by a designated deadline. However, when delays occur, the consequences can be financially significant for the buyer in terms of lost rental income and other damages.

This article sets out to provide an in-depth analysis of the legal framework underlying delayed property deliveries in Turkey, with a special focus on claims for lost rental income. We will explore the definitions of default and notice requirements, the relevant provisions of the Turkish Code of Obligations (TBK), and the