Renting Out
If you choose to rent out your apartment or your house for shorter or longer periods, we can arrange all the practical details of the lease, such as promotion of the property, contact with tenants, signing of the lease agreement, distribution of keys, checking the apartment, payment of rent and charges for electricity and water, etc.
We pick up the tenant from the airport, deliver the keys of the prepared and cleaned apartment/house and check that everything is in order when the rental period ends. Our experience shows that satisfied tenants often return and recommend others to rent your apartment or house. By renting out your apartment, you get a good extra income.
Renting
If you prefer to rent out your apartment or house for a short or long term, we can arrange all the practical details such as promoting your apartment, communicating with tenants, signing the rental agreement, distributing keys, and checking. This includes the apartment, rent, and utility costs such as electricity and water.
We pick up the tenant from the airport, hand over the keys to the cleaned apartment, and ensure everything is in order at the end of the rental period. Our experience shows that satisfied tenants often return to rent your property again and recommend it to others. By renting out your apartment, you earn extra income.
Here are some important conditions and steps to consider when renting out an apartment in Turkey:
Maintenance Before Renting: Conduct comprehensive maintenance of your home before renting it out. Cleaning, repairs, and fixing any issues are essential.
Prepare a Rental Agreement: Prepare a rental agreement for the apartment you are renting. This agreement should include the rental amount, rental period, deposit amount, and other important details.
Know the Tenant: Communicate with your tenant and get to know them. The tenant must document their monthly income and make rent payments.
Professional Property Management: Working with a professional real estate consultant or management company can speed up your processes and execute them more professionally.
Determine Rent and Deposit: Set a realistic rent amount and deposit. Include this information in the rental agreement.
Promote the Property: Professionally promote your home for rent. Share clear and high-quality photos of your home with potential tenants.
Following these steps will help you have a smooth process when renting out your home.
When renting a property in Turkey, the rental agreement process is quite important. Here are some key points to consider during this process:
Rental Agreement: Create a written agreement to be signed between the landlord and tenant. This agreement should include the rent amount, rental period, payment dates, and other important details.
Required Documents: Both the landlord and tenant should provide identity documents, DASK (Compulsory Earthquake Insurance) certificate, bank account number, etc. The tenant should also provide documents such as a payroll and an evacuation commitment.
Deposit: The landlord can request a deposit from the tenant before they start using the property. This deposit protects the landlord against any damage or deficiency before the tenant uses the property.
Rent and Payment Plan: Specify the rent amount and payment plan in detail. Payment dates and methods should be clearly stated.
Rental Contract Sample: Ready-to-use rental contract samples can be downloaded from the internet and edited if necessary. These samples are used to ensure agreement between the parties and prevent legal disputes.
By following these steps, you can protect the rights and responsibilities of both parties when renting out a property.
Electricity Subscription:
Application: The tenant must apply for an electricity subscription for the apartment they are renting. The tenant needs to prepare documents such as their ID card, passport, title deed, or rental agreement.
Documents: Before applying, the tenant must provide the landlord’s name, surname, and Turkish ID number.
Security Deposit: A security deposit determined by the electricity transmission company must be paid. This amount is determined per kilowatt.
Subscription Process: After completing the documents and signing the agreement, the electricity transmission company ensures that the subscription is activated within five business days.
Water Subscription:
Application: The tenant must apply for a water subscription. The tenant needs to prepare documents such as their ID card, passport, title deed, or rental agreement.
Documents: Before applying, the tenant must provide the landlord’s name, surname, and Turkish ID number.
Subscription Process: After completing the documents and signing the agreement, the water authority ensures that the subscription is activated within five business days.
Natural Gas Subscription:
Application: The tenant must apply for a natural gas subscription. The tenant needs to prepare documents such as their ID card, passport, title deed, or rental agreement.
Documents: Before applying, the tenant must provide the landlord’s name, surname, and Turkish ID number.
Subscription Process: After completing the documents and signing the agreement, the natural gas company ensures that the subscription is activated within five business days.
By following these steps, you can ensure the smooth completion of electricity, water, and natural gas subscriptions for the property you rent out.
Tax Implications of Renting Out Property in Turkey:
If you rent out a property in Turkey, the income you earn is subject to tax. However, certain exemptions may apply under specific conditions. Here are some key points:
Income Tax: The income you earn from renting out a property is taxed under the Income Tax Law. This income is considered as real estate capital gains.
Exemption: There is an exemption for residential rental incomes. For 2024, this exemption applies to those who earn less than 33,000 TL annually from rental income. Thus, those who earn less than 33,000 TL annually are exempt from this tax.
Declaration: You must declare your annual rental income to the Revenue Administration. The declaration should be made between March 1st and April 1st.
Tax Deduction: A certain tax deduction may apply to the income you earn from renting out the property. This deduction is made to prevent tax evasion and distribute the tax burden equally.
Annual Tax Exemption: If you have an apartment in Turkey, there is an annual tax exemption when you rent it out, meaning no tax is paid. You should handle this procedure with the help of an accountant.
Professional Assistance: Alanya Eiendom real estate can assist you in all these processes, and you can get help from their lawyers and accountants
