EUR
enThe law on short-term rentals in Turkey has been passed
A law on short-term rentals has been published in the Official Gazette of Turkey. Below are the innovations that will come into force on January 1, 2024:
- rentals of up to 100 days are considered short-term rentals
- A license must be obtained from the Ministry of Tourism and Environment to rent out the property.
- The complex must meet the level of "high quality housing".
- The consent of all the owners who live in the block where the property is rented is required
- the landlord can be either the owner of the property or an agency with an A-class tourism license.
- one landlord cannot rent out more than 25% of the apartments in one block of apartments.
- If a landlord rents out more than 5 apartments, he must register a sole proprietorship (have a work permit).
The devil, as usual, is in the details:
If the charter of a residential complex with hotel infrastructure stipulates that short-term rentals are allowed, the last two items in the list above are not mandatory, and the consent of all owners will not be required. The license for short-term rentals will also be obtained by the management companies of these residential complexes.
Important: A fine of 100 thousand liras is imposed for renting out a property without a license. If the license is not issued after the first fine, a fine of 500 thousand liras will follow and after the next 15 days - 1 million liras. Sub-letting is also prohibited.
It is not hard to guess that large developers and reliable management companies will do their best to have a clause in the statutes of residential complexes that allows short-term rentals in their complexes, but illegal tenants renting out apartments in ordinary Turkish houses on a weekly basis will definitely decrease.
