Commercial Real Estate

Which documents should be checked when buying a unit in an industrial site?

Answer

At a minimum, check the following:
1. Title deed record: type of property (condominium, construction servitude, shared land), owners, mortgages, liens and annotations
2. Occupancy permit (iskân): decisive for licensing and bank loans
3. Zoning status and approved project: whether actual use such as mezzanines or annexes matches the project
4. Suitability for the activity: can a business opening and operating licence be obtained for the intended work?
5. Site management: a letter confirming no unpaid dues or shared costs, and the management plan
6. Existing lease: if the unit is let, the new owner is bound by the lease

Updated: · İnterkon Realty Group

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