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ARTICLE · 07 APRIL 2014

Tenants Are In Panic

GSG Attorneys at Law
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The new Turkish Code of Obligations numbered 6098 became effective on 1 July 2012 and annulled the former Code of Obligations numbered 818.

TurkeyReal Estate and Construction
İlknur Coşkun
İlknur Coşkun

The new Turkish Code of Obligations numbered 6098 ("TCO")1 became effective on 1 July 2012 and annulled the former Code of Obligations numbered 8182 and the Code of the Lease of Immovables numbered 65703. Apart from the similar or same provisions, it brought certain brand new issues regarding lease agreements such as termination right of landlords for any reason. When the TCO became effective, the tenants of lease agreements for residential and roofed workplace did not pay much attention to any possible termination threats they may face as from 1 July 2014. However, time passes quickly and the critic date for the landlords who desire to end their lease relations renewed for more than ten years is approaching.

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