Navigating the New Turkish Law on Short-Term Rentals of Residential Properties
In recent times, Turkey has seen significant changes in its regulations regarding short-term rentals of residential properties. Initially, stringent laws made it challenging for property owners to rent out their homes for tourism purposes. However, a recent amendment has introduced more flexibility, particularly for high-quality residential properties. This blog post delves into the specifics of the new regulation and its implications for property owners and renters.
Amendment to the Regulation on the Rental of Residential Properties for Tourism Purposes
Understanding High-Quality Residential Properties
The recent amendment has redefined what constitutes a high-quality residential property. Under the new rules, a residential property is considered high-quality if it includes reception, security, and daily cleaning service areas. Additionally, it must offer at least two of the following services: health services, dry cleaning, laundry, transportation, food, shopping services, a gym, or a swimming pool.
Key Features of High-Quality Residential Properties
Reception and Security
Properties must have a dedicated reception area and security services to qualify.
Daily Cleaning Services
Regular cleaning services are a mandatory feature.
Additional Services
At least two of the following must be present:
- Health services
- Dry cleaning
- Laundry services
- Transportation services
- Food services
- Shopping services
- Gym
- Swimming pool
Implications of the Amendment
Simplified Permit Process
For properties classified as high-quality, obtaining a rental permit has become simpler. The new regulation allows for a permit to be granted by merely changing the management plan. This means the notarized consent of all apartment owners is no longer required.
Removal of the 25% Rental Limit
The previous limit, which restricted renting out more than 25% of a property by a single person, has been lifted for high-quality properties. Now, rental operations for the entire complex can be managed by a single person or company.
Extended Application Review Period
The period for reviewing rental permit applications has been extended from 30 days to 60 days, giving authorities more time to process requests.
Practical Impact on Property Owners and Renters
The amendment brings several practical benefits for property owners and renters:
Increased Flexibility for Owners
Property owners now have more freedom and fewer bureaucratic hurdles to rent out their properties.
Potential for Higher Income
With the ability to manage multiple rentals through a single entity, owners can streamline operations and potentially increase their rental income.
Enhanced Quality for Renters
Renters can expect higher standards of living with the mandated services in high-quality residential properties.
Conclusion
The recent changes to Turkey's short-term rental regulations mark a significant shift towards greater flexibility and ease for property owners. By redefining high-quality residential properties and simplifying the permit process, the amendment aims to foster a more vibrant and accessible rental market. Property owners should review these changes closely to take full advantage of the new opportunities.
