What is Ecrimisil? Importance and Usage Areas in Real Estate Sector

What is Ecrimisil? Importance and Usage Areas in Real Estate Sector
Ecrimisil is a compensation fee arising from the unauthorized, i.e. unfair, use of a real estate property. In simpler terms, it is a kind of rental fee demanded for the unauthorized use of the property of the state or an owner. It is of great importance in the real estate sector for both public and private properties.

In Which Situations Does Ecrimisil Arise?
Ecrimisil comes into play especially in the following cases:

Occupation on Treasury Lands:
In case of unauthorized use of publicly owned immovable property, it is demanded by the state.

Unjust Use of Private Property:
The use of an immovable without the consent of the property owner may result in a claim for ecrimisil.

Expiration of the Lease Agreement of Public Immovables:
If the immovable continues to be used despite the expired lease agreement, ecrimisil is applied.

Unauthorized Use of Agricultural Land and Grazing Areas:
If agricultural lands belonging to the treasury are used for farming, grazing or other purposes, ecrimisil may be calculated.

How is Ecrimisil Calculated?
Ecrimisil price is determined based on the rental prices of similar immovable properties in the region where the immovable is located. The period of use and the characteristics of the real estate are also taken into account.
 

Importance for Real Estate Companies
For companies operating in the real estate sector, the concept of ecrimisil plays an important role in both investment processes and purchase and sale transactions. Here are the points to be considered:

Investor Counseling: Possible legal obligations should be investigated before purchasing a property with a history of ecrimisil.
Legal Advisory Services: Guidance can be provided to clients in the processes of appealing or refunding the exemption fee to the property owner.
Property Valuation: A property that is subject to a history of forfeiture can have a direct impact on its purchase and sale value.

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