Importance of Title Deed Annotation and Implementation Processes
The concept of “annotation”, which is frequently encountered in real estate transactions, is of great importance in protecting title deed rights and informing investors. For this reason, we would like to share with you, our esteemed investors, what a title deed annotation is, who can perform this process and how it can be questioned.
What is a Title Deed Annotation?
A “title deed annotation”, which imposes restrictions or limited rights on the usage rights of a property, limits the transaction and disposition rights on real estate by being included in the land registry. The annotation process is an extremely important protection mechanism for both property owners and potential buyers. Knowing whether there are any restrictions on the purchased property is the key to minimizing risks for real estate investors. In this context, common examples of title deed annotations include applications such as the right of pre-purchase (shufa), right of repurchase (vefa) and family residence annotation.
Who Can Annotate the Title Deed?
The right to annotate the title deed covers a wide range of persons, from property owners to creditors, debtors and even spouses in some special cases. In particular, the annotation on the family residence aims to prevent unilateral sales and savings transactions by protecting the mutual rights of the spouses. Thus, the legal security of the common residence is ensured.
How to Annotate a Title Deed?
The process of annotating the title deed is carried out through applications to certain authorities. Our advice is to carry out this process together with our expert consultants. In this way, it can be ensured that your transactions proceed smoothly and the legal process is completed quickly. The annotation is usually limited to a period of 5 years, but this period may vary depending on the situation of the creditor. In case the annotation period expires, the right holders can remove or extend the annotation.
How to Query a Title Deed Annotation?
The annotation inquiry process can now be done quite simply through the online systems offered by the General Directorate of Land Registry and Cadastre. With this system, which you can quickly access through the e-government platform, you can easily learn the status of the annotations on the title deed. We are pleased to assist our customers in this process and help them with the inquiry steps when necessary.
What are the Documents Required for Annotation?
We inform our customers in detail about the complete submission of all documents required during the annotation process. Among the documents required to annotate the title deed are the following:
1-) Petition containing the annotation request
2-) Sample of birth certificate
3-) C identity card
4-) Marriage certificate (for family residence annotation)
5-) Notarized contract
6-) Compulsory Earthquake Insurance (TCIP)
7-) Authorization certificate for legal entities
Can a Title Deed Annotation be Removed?
Annotations are valid for a certain period of time and can be automatically removed at the end of this period. However, if the creditor claims a right, the annotation may be continued or extended.