With the regulation published in the Official Gazette, a new era has begun in title deed transfer transactions!

The "Regulation on the Procedures and Principles Regarding the Conduct of Title Deed Transactions in Case of Parties Being in Different Units and Outside the Authority Area," prepared by the Ministry of Environment, Urbanization, and Climate Change, has been published in the Official Gazette.

According to the regulation, title deed transactions related to properties registered outside the authority area, aimed at the transfer of ownership through contracts when the parties are in different units, can be carried out electronically without obtaining authorization from the title deed office where the property is located.

HOW WILL THE NEW PERIOD IN TITLE DEEDS BE?

With the regulation, buyers and sellers can conduct transactions at different title deed offices. However, with the new regulation, buyers and sellers located in different cities can go to the title deed offices in their respective provinces to carry out the purchase and sale transactions without the obligation to meet. The new application, which eliminates the physical meeting requirement, also resolves security issues since chip-based identity verifications have been implemented in title deed transactions for a long time.

OLD IDENTIFICATIONS WILL NOT BE USED IN TITLE DEEDS

In fact, starting from the new year, it will not even be possible to use old identity cards in practice. Only new chip-based identity cards will be usable in title deed transactions.

The regulation also brought a new arrangement regarding powers of attorney. Transactions outside the authority area cannot be conducted with powers of attorney issued before November 21, 2023. This was possible in the current situation.

At the same time, a regulation was made regarding the requirement for individuals transferring ownership to be in the same title deed office if there are multiple parties. If there are multiple parties transferring ownership, the application must be made to the same unit by the parties.

All parties acquiring ownership must be in the same unit. However, it is possible for one or more of the acquiring parties to be in the same unit as the transferring party.