Real Estate Donations
Real Estate Property Donations
Principles of Real Estate Property Donation:
Real estate property donation can be granted with full ownership, bare ownership or testament.
Full Ownership Donation:
The right of use and the ownership of the real estate property are transferred to the Foundation at the Title Deeds Registry Office and the donator does not have any right to save on the real estate property.
Bare Ownership Donation:
The ownership of the real estate property is transferred to the Foundation at the Title Deeds Registry Office on condition that the right to use of the real estate property remains in the donator until passing.
The ownership of the real estate property and the right to use of it are held by the donator until passing. After donator’s passing, a case will be filed for the fulfillment of the testament and the real estate property is registered in the name of the Foundation.
Real Estate Property Donation Procedures:
Our valuable donators can apply to TAFF General Directorate and also Regional Representative Offices in Istanbul, Izmir and Mersin.
The donation request is evaluated within the framework of regulations and if no obstacle has been found to prevent to receive the donation, title deed transfer is made. If preferred by the donator, the title deed transfer procedures are carried out by Foundation personnel, appointed as agent by a Power of Attorney to be issued by Notary Public. During the real estate property donation process, the donators are accompanied by Foundation personnel and costs are covered by the Foundation. Following the completion of the donation process, Certificate of Appreciation, Medal and Certificate of Medal are presented the donator.
Evaluation of Real Estate Property:
Maintenance and repair of real estate properties received as donation are made, continuation of the properties is provided and the real estate properties are insured for the purpose of compensation of possible damages.
The real estate properties are rented by tender at market value and with the aim of creating competition environment. The rental advertisements are published on the website of TAFF and also on the websites “hurriyetemlak.com” and “sahibinden.com”.
Incomes of the real estate properties are used in line with the aim of the Foundation “to make contributions to the increase of the fighting force of the Turkish Armed Forces by means of developing our national war industry, establishing new war industry branches and also purchasing the weapons, tools and equipment”.