In this article we will talk about a special service in the Turkish real estate market, which is provided by many construction companies, as well as some real estate agencies and specialized organizations that help owners in renting out housing.
Most often, guaranteed rent means putting the apartment under management. In this case, by signing an agreement with the management company, you receive a fixed percentage monthly, but also undertake to not claim the use of the apartment for a certain period. The function of a management company can be performed by a separate organization specializing only in this activity, a large chain hotel, or a development company.
The developer usually allocates a separate building in a complex under construction, all apartments in this building go into a pool and are rented out, or simply a certain number of apartments in a common building are also collected in a pool. To extract maximum profit, apartments are usually rented on a daily basis. It doesn’t matter which apartment is rented, the profit is calculated for the entire pool. The owner receives a fixed percentage specified in the contract. Typically such an agreement is concluded for 3 years. During this period, the owner cannot independently use the apartment, with the exception of certain cases when the owner is given a certain number of days per year to live in his apartment. This relieves foreign investors from the worries of finding tenants and paying utility bills; everything is taken care of by the company that has taken over the management function. Upon expiration of the contract, the owner can use the apartment at his own discretion. Among the properties offered by our company you can find similar projects with guaranteed rent from our developer.
Less commonly, you can find a service from real estate agencies that organizes the legal rental of your apartment and monitors payments and the condition of your property in exchange for a certain percentage of the rental amount. In this case, the company’s approach to the apartment owner is more sensitive and individual.
House Bind specialists have significant experience in renting real estate in Turkey. We are always ready to help you in this area and fully take care of the legal leasing of your Turkish property, monitoring its safety during and at the end of the lease period, timely payment by tenants of the main and related, utility and other payments. With our help, you can benefit from investing in Turkish real estate without unnecessary worry and inconvenience. Guaranteed rental – delegate problems!
