EXECUTION OF IMMOVABLE SALES TRANSACTIONS BY NOTARIES AS OF 1 JULY 2023
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The Regulation on the Procedures and Principles Applicable to the Immovable Sales Contracts Executed by the Notary Publics (In Turkish, “Noterler Tarafından Düzenlenen Taşınmaz Satış Sözleşmelerine Uygulanacak Usul Ve Esaslar Hakkında Yönetmelik”, the “Regulation”) has been published in the Official Gazette on 11 January and numbered 31754.
The Regulation covers the procedures and principles governing the immovable sale contracts to be issued by notaries pursuant to Article 61/A of the Notary Public Law No. 1512.
In line with the provisions of this Regulation, the process regarding preparation of the immovable sale agreement is summarized as follows;
The Regulation has entered into force as of the date of its publication in the Official Gazette. However, pursuant to the Temporary Article 21 of the Notary Law numbered 1512 (the “Law”), the provisions of the Regulation shall not be implemented until the date of announcement on the official website of the Ministry of Justice that establishment of an information system stipulated as per article 61/A of the Law. As per the President’s Decision dated 27 December 2022, published in the Official Gazette dated 28 December 2022 and numbered 32057, the relevant information system shall be established until 1 July 2023.
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