7 Critical Topics to Be Considered in Floor Equivalent Construction Floor-equivalent construction contracts, which have become an important part of real estate investment in Turkey, can result in serious grievances if the right steps are not taken.ritical Topics to Be Considered in Floor Equivalent Construction Floor-equivalent construction contracts, which have become an important part of real estate investment in Turkey, can result in serious grievances if the right steps are not taken. In thi7 Critical Topics to Be Considered in Floor Equivalent Construction Floor-equivalent construction contracts, which have become an important part of real estate investment in Turkey, can result in serious grievances if the right steps are not taken. In this model, which is one of the profitable ways to evaluate your land, a "give-and-take" balance is established between the contractor and the landowner. However, this balance can only be sustained with solid contracts and healthy business partnerships. So, what should a landowner who wants to build for Decking pay attention to? The Land Share Should be Determined Decently and Correctly One of the most common problems is that the values of the apartments falling on the plot are not equal. The land shares to be processed in the title deed should be calculated fairly, taking into account the square meter of each apartment, its location (such as the facade, the landscape, the Decking condition).ne of the most common problems is that the values of the apartments falling on the plot are not equal. The land shares to be processed in the title deed One of the most common problems is that the values of the apartments falling on the plot are not equal. The land shares to be processed in the title deed should be calculated fairly, taking into account the square meter of each apartment, its location (such as the facade, the landscape, the Decking condition). This is a critical detail to avoid possible disagreements. The Contract Must Be Notarized Saying ”we agreed by talking" does not apply in this business. Construction contracts in exchange for floors must necessarily be written and notarized. The contract should include all the details such as delivery date, distribution of independent sections, construction quality, criminal conditions. Contractor Selection: References and Assurance When choosing the person to whom you will hand over your project, you should look not only at their offer, but also at their past projects, financial structure and, if any, complaint records. It should not be neglected to obtain insurance against the risk of the contractor abandoning the job Selection: References and Assurance When choosing the person to whom you will hand over your project, you should look not only at their offer, but also at their past proj Selection: References and Assurance When choosing the person to whom you will hand over your project, you should look not only at their offer, but also at their past projects, financial structure and, if any, complaint records. It should not be neglected to obtain insurance against the risk of the contractor abandoning the job halfway through. License and Project Documents Should Be Checked Before construction begins, the following documents should be examined: Zoning status Construction permit Soil survey Architectural project Incomplete or incorrect documents may cause irreversible delays and legal problems in the future. Do Not Sign Without Guarantee When making a contract, guarantees such as a bank letter of guarantee, mortgage or real estate guarantee should be requested. In this way, you can protect your rights if the contractor does not deliver the project on time and in full. Delivery Time and Penalties for DelayWhen making a contract, guarantees such as a bank letter of guarantee, mortgage or real estate guarantee should be requested. In this way, you can protect your rights if the contractor does not deliver the project on time and in full. Delivery Time and Penalties for Delay A clear delivery date should be written in the contract and the penalties to be applied in case this date is not met should be specified. Otherwise, no sanctions can be applied for delays. Common Areas and Management Plan In turnkey projects, the common areas of the apartment and the management plan should also be determined. This will prevent future common expense and management disputesIn turnkey projects, the common areas of the apartment and the management plan should also be determined. This will prevent future common expense and management disputes. As CEESS Global, we offer professional c