Our Real Estate
Real Estate in Record of the Foundation:
In record of the Foundation, there are total of 691 real estate (consisting of domestic buildings, offices, detached houses, apartment buildings, lands, fields, etc.) with the current value of 278.449.000 TRY, all donated by our charitable citizens.
Of all the real estate, the full ownership of 87% (the Foundation has the usage rights) and the bare ownership of 13% (the donor has the usage rights until decease) belong to the Foundation.
Our Politics in Respect to the Evaluation of Real Estate:
The Foundation derives the maximum amount of revenue from real estate by renting them, providing their continuation through maintenance and selling them in mandatory conditions or constructing a new building in place of one.
Rules for Renting Real Estate:
– Real estate that the Foundation possesses is rented by bidding.
– The bid is announced to the bidders at a widely-circulated newspaper for minimum three days.
– The bidders that attend the bid deposit provisional bond to the amount of appraised rent value.
– Following the bid, before signing the lease agreement, caution money that is equal to the amount of hire charges for two months is deposited.