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ARTICLE · 12 JULY 2011

Termination Of Lease Agreements Under The New Code Of Obligations

Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
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Hergüner Bilgen Üçer Attorney Partnership

Hergüner Bilgen Üçer Attorney Partnership

Since 1989, Hergüner Bilgen Üçer has been recrafting the Turkish law firm model along modern...

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The Turkish Grand National Assembly approved the new Turkish Code of Obligations (the "New TCO") on 11 January 2011 and the Law on the Enforcement and Execution Procedure of the Turkish Code of Obligations (the "Law on Enforcement and Execution") on 12 January 2011.

TurkeyReal Estate and Construction
Hergüner Bilgen Üçer
Hergüner Bilgen Üçer
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The Turkish Grand National Assembly approved the new Turkish Code of Obligations1 (the "New TCO") on 11 January 2011 and the Law on the Enforcement and Execution Procedure of the Turkish Code of Obligations2 (the "Law on Enforcement and Execution") on 12 January 2011. Both will enter into force on 1 July 2012. Currently, two pieces of legislation regulate the lease of immovables: Law No.6570 regulates "covered" immovables within the borders of municipalities, while the current Turkish Code of Obligations (the "TCO") regulates all immovables outside the scope of Law No. 6570. The New TCO abolishes Law No: 6570 on the Lease of Immovables ("Law No. 6570"). By abolishing Law No. 6570, the New TCO regulates all lease relationships for any immovables, whether covered or not.

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