Pay Attention Not Only Tenants, But Also Turkish Landlords! No More Than This Rate!

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Pay attention not only tenants, but also landlords! No more than this rate. January – February 2022 the inflation figures were announced, as well as the rate of rent increase was announced.

The average Consumer Price Index (CPI) for 12 months is taken into account at the rate of rent increase made during the contract renewal period. The CPI announced by the Turkish Statistical Institute (TURKSTAT) yesterday was 22.58 percent on average for the 12 months, and the increase rate for citizens who will enter into a new lease agreement was 22.58 percent. In this case, the new term rent of a household with a rental price of 2 thousand TL will increase to 2 thousand 451 TL.

Turkey iResidence, “Especially in the last year, there has been Turkey rental house problems in many cities, especially Istanbul. Due to the low supply and high demand, rental prices have increased rapidly. Some Turkish property owners who wanted to turn this situation into an opportunity also began to demand an increase above the legal rate or to demand unfair eviction in order to rent their house at a higher price,” was said.

So is this possible? Here are some things to know about Turkey housing rent increases:

– The rent increase is made with a 12-month CPI average. Homeowners cannot claim a raise above this rate.

– The rent increase is made once a year and during the contract renewal period. Although some homeowners have requested an ‘interim raise’, this is against the law.

– Foreigner tenants should refrain from making an oral agreement on the new figure set during the contract renewal period, determine the rent for the new period in writing. For example, this month the hike was 22.58 percent, while you agreed on a figure of 15 percent. But if this is not in writing, then the owner of the property in Turkey can claim in the coming months for raises that he did not make.

– The landlord cannot arbitrarily demand eviction from you. He can ask if he or the people he has to take care of need it. Due to necessity, he cannot rent the house to someone else for 3 years during the eviction. If he gives, he pays compensation.

– Those who raise the Legal rate of Increase and pay their rent in Turkey regularly do not need to worry. However, in some cases, Turkish homeowners have the right to sue. These days, when there is a high demand for a rented house, landlords are considering two options. The first one; If 5 years have passed since the rental, it opens a ‘rent determination case’ by saying ‘even though I have raised the rent, the figure has remained below the regional average’. At the end of the case, whatever the landlord wants, this figure does not apply, and the tenant’s rights are protected and the ‘equity discount’ is applied over the regional average. The second option; for those who have a 10-year contract extension period in their lease agreements, eviction is requested without justification. In this case, whether a Turkish citizen or foreigner national a written notice of termination must be given to the tenant at least 3 months in advance…

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