What are Condominium Easement and Condominium Ownership?

Two of the most important concepts you may encounter when investing in real estate or buying a property are “condominium easement” and “condominium ownership”. These two terms are of great importance in terms of the legal status of the real estate and enable buyers to act consciously. So, what are condominium easement and condominium ownership? Here are the details:

What is a condominium easement?
A condominium easement is an official type of title deed that shows the division of independent sections among the right holders in a building whose construction has not yet been completed. In other words, it is a legal status that determines the owners of the independent sections of the building planned to be built on a plot of land.

Properties:

It can be obtained before the construction is completed.

Independent sections are indicated in the title deed, but may not be actually completed.

Transition to condominium ownership can be made after the official processes are completed.

Condominium easement is especially encountered when buying a house from a project. When buyers buy an immovable property with a condominium easement title deed, they have certain rights over the independent section until the construction is completed.

What is Condominium Ownership?
Condominium ownership is a type of title deed for independent sections in a completed building. If a building is completed and all legal processes have been completed, it is now a condominium. This title deed shows that the person has full ownership rights to that independent section (for example, an apartment).

Features:

Can be acquired before the construction is completed.

Independent sections are indicated on the title deed, but may not be actually completed.

After the official processes are completed, the transition to condominium ownership can be made.

Condominium easement is especially encountered when buying a house from a project. When buyers buy an immovable property with a condominium easement title deed, they have certain rights over the independent section until the construction is completed.

What is Condominium Ownership?
Condominium ownership is a type of title deed for independent sections in a completed building. If a building is completed and all legal processes have been completed, it is now a condominium. This title deed shows that the person has full ownership rights to that independent section (for example, an apartment).

Characteristics:

The construction must be completely finished and the occupancy license must be obtained.

The nature and ownership of the independent section is clearly indicated on the title deed.

It officially provides the right of ownership, meaning that the apartment or workplace now belongs to the owner.

Differences between Condominium Easement and Condominium Ownership
Condominium Easement Condominium Ownership
Can be taken during construction.    Can be purchased after the construction is completed.
The independent units are not yet available for use.    Independent sections are completely ready for use.
It is registered as land share in the title deed.    It is registered as an independent section in the title deed.
Rights on the independent section are limited.    It provides full ownership right.
How to Transition from Condominium Deed to Condominium Ownership?
The following steps should be followed to transfer a property with a title deed to condominium ownership:

Obtain a Settlement License: The municipality must issue a settlement license stating that the building is suitable for use.

Apply to the Land Registry Office: Owners must apply to the land registry office for transition to condominium ownership.

Submit Required Documents: Certificate of occupancy, project approvals and other required documents must be submitted.

Obtain the Condominium Title Deed: After all procedures are completed, a condominium title deed is issued for the independent sections.