TEDB President Akçam: Activity in the Rental Housing Market Will Continue Until October

Hakan Akçam, Chairman of All Real Estate Consultants Association (TEDB), made an evaluation about the rental housing market.

Pointing out that there is activity in the housing market due to university registrations and appointment periods, Akçam said that this activity in the market will continue until October.

Akçam stated that the demand for rental housing increased during this period and said, "Especially in the last 10-15 days, there has been a 5-10 percent increase in rental fees." he said.

Akçam, who warned students who will rent housing, continued as follows:

"When establishing a lease contract, a face-to-face meeting should be held with the landlord. If the landlord is out of town or abroad, a power of attorney must be requested. The rate of increase should be clearly written in the lease contract. The rent increase should be based on the rates announced by the state every month. They should sign the contract by getting advice from either a lawyer or a real estate consultant."

Pointing out that the deposit is one of the most frequently discussed issues in rentals, Akçam said, "The phrase 'rental fee' should be written in the deposit section of the rental contract. If the deposit is paid in Turkish lira, a refund can be obtained from the current value of the rent when vacating the house. This is one of the points where the most problems occur. Therefore, great attention should be paid at this point." made his evaluations.

"Rent payments must be made through banks"

Stating that rent payments must be made through the bank and at their real value, Akçam said that the "e-contract" system is important at this point.

Akçam stated that this system is currently used preferably and that they expect it to be made mandatory in the near future, and added:

"If the e-Contract system becomes mandatory, there will be state supervision, tax loss and evasion, all movements of the tenant and the landlord will be detected from a single point. While protecting the tenants, it is also necessary to protect the property owners. Because there are also tenants with malicious intentions."