What is the Concept of Deposit on Rral Estate for Foreigners? How is it Applied?
The concept of deposit, also known as security deposit, has an important place both legally and in practice in Turkey. This concept is defined as the security value given to the owner in money or valuable papers against the negative issues that may occur in the laws of the Republic of Turkey. This security fee is applied especially in rental agreements and is paid to the lessee at the end of the rental agreement. This deposit amount protects the landlord in cases such as damage to any property or non-payment of rent, and is returned to the tenant at the end of the rental period if there is no one of the negative situations mentioned in the rental agreement. If the tenant did not cause any negative situation and cannot get this deposit amount refunded at the end of the contract period, he has the right to take legal action. For foreigners legally staying in Turkey, the legal procedures and rules applicable to deposits are also valid.
If you have questions about deposit practices for foreigners in Turkey, you can send them to us in the comments section.