What You Need to Know About the Title Deed Document
What You Need to Know About the Title Deed Document. The legal document issued by the Land Registry Office that shows the ownership of a certain part of a land or an independent part built on it is called a title deed. Until proven otherwise, the title deed, which is accepted as a legal document, can be issued for both permanent and individual rights. The title deed contains brief information about the property, ownership, and the property it is arranged.
Registrations of lands and construction processes in our country, especially the Land Registry and Cadastre Department; It is carried out by the Public Works Directorates in places where there are no municipalities and municipalities. The Land Registry and Cadastre Directorate, which is a separate budget public institution in the general budget; It carries out all kinds of registration (registration), cadastre and renewal procedures regarding immovable properties in accordance with the legislation in force. Organizes and applies land registers and cadastral topographic maps.
The immovable property in question may belong to a single person or to more than one person. If the immovable belongs to a single person, it is called full (detached) ownership. If the property is owned by more than one person instead of a single person, it is called collective ownership. Being in the title deed documents with shares can become a risky situation as the shareholders do not have a specific place in the real estate with shares. Each shareholder is a shareholder in every part of the immovable and cannot make a claim directly like “this part is mine”. However, it may be possible to agree through a notary and to determine the locations and annotate the notary agreement to the land registry. In case of determination of the suitability of the zoning status, that is, if allowed by the municipality, they can either link them to the map and separate their places completely, or they can also receive separate title deeds.
It is accepted that each apartment or villa that is transferred to the condominium is a separate immovable, that is, a separate independent section. For this reason, separate title deeds are issued for each independent section. In addition, a separate title deed is prepared for each flat for which profit servitude is established.
What are the Types of Deeds?
There are different types of title deed, which is a property right document. Land – Field Deed is issued for real estates registered as empty parcels, whether they have a building on it or not.
Although the title deeds of the type of Building Deed (Type Allocation) do not have an independent section and quality, they have the characteristics of the Main Real Estate. The real estate is registered with this title deed in its final form as a whole. In addition to being not segmented, it can be sold only as a whole or as a share of the whole.
Property ownership is an independent section property acquired in accordance with the applicable law in any apartment building. The floor easement is the land deed falling on the share of the flat or apartment that is planned to be bought on the land that is being built or to be built, that is, the construction has not yet been completed. Deed documents issued as floor servitude and condominium contain some differences compared to the information and details in the land and field deeds. In these types of deeds, details such as the land share, solid and independent section number of the apartment in question must be present. Otherwise, it can be easily understood that a floor easement has not yet been established on the real estate in question or that the floor ownership has not been transferred.
Deed documents can be prepared in two different colors, blue and pink. In cases where there are approved independent sections in the project of the property in question, the areas of use and shares are determined, a pink colored deed is issued. Blue colored deeds are also used if the property in question is a land. The blue color used in the land deed is also accepted as an indication that the land is not owned by any floor.
What is Deed Annotation?
Putting an annotation on the title deed is the simplest explanation, a warning explanation for the restriction of the rights of the owner. By placing an annotation in the title deed, the transfer right of the real estate owner can be prohibited, restricted or personal rights can be strengthened. This cautionary explanation, processed in the declarations section of the land registry, may have different qualities. Legally, the title deed annotation is valid for 5 years and must be renewed at the end of the term.