What is a Power of Attorney?
A power of attorney is a written document that one person gives to another person to perform certain actions on his or her behalf. The person giving power of attorney gives legal authority to the person he appoints as proxy for the transactions specified in the power of attorney.
How to Give Power of Attorney to Buy and Sell a House?
It is possible to give power of attorney to buy or sell a house or other real estate in Turkey. To give a power of attorney, you must first go to a notary. When going to the notary, the identity documents of the person giving the power of attorney and the person to whom the power of attorney is given, title deed document and two passport size photographs are required.
Can a Power of Attorney be Given for Purchasing and Selling from Abroad?
A person living abroad can give a power of attorney to buy or sell a house or other real estate in Turkey. To do this, the person giving power of attorney must apply to the Turkish consulate or embassy in the country where he is located.
Documents Required for Power of Attorney
The following documents are required when giving a power of attorney for the purchase and sale of a house:
- Identity document of the person giving power of attorney (identity card or passport)
- Identity document of the person who will be the proxy (identity card or passport)
- Document of Title
- Two passport size photographs
- Attorney Period in Sales Transactions
- The duration of the power of attorney must be specified in the power of attorney. The duration of the power of attorney is valid for the period determined by the person giving the power of attorney.
- Attorney Fee
- The power of attorney fee varies depending on the scope of the power of attorney and the duration of the power of attorney. You can learn the power of attorney fee from the notary to whom the power of attorney was given.
- Works That Can Be Delegated in Turkey
Transactions for which power of attorney can be given in Turkey are as follows:
- Buying and selling of houses and other real estate
- Inheritance and transfer procedures
- Company establishment and management
- Filing and pursuing a lawsuit
- Banking operations
- Insurance transactions
- Tax transactions
- And other legal proceedings
