As residential compounds in Turkey offers residents and apartments' owners basic services as well as entertainment services such as: heating, cleaning, maintenance, security, gyms and other facilities and services that entail a monthly fee paid to the administration of the compound called returns.
The compound administration disburse these monthly dues for developing, improving and modifying the building, in addition to adding social facilities that did not exist, which requires new expenses such as smart solutions systems that will facilitate the lives of residents.
The Turkish real estate ownership law provides four general rules that fall into this context:
How to cover residential compounds administrations expenses?
The law in Turkey regulates the distribution of the expenses of compound administration among the residents, as the administration is it allowed to determine other special provisions, such as regulation other forms of expenses' distribution according to multiple factors, for example: the quota in the property, the area of the property, the division in an equal manner.
Accordingly, these expenses are treated as credit payments, and shareholders must pay them in advance, and it is not allowed to evade the agreed commitment for any excuse.
As for those who did not pay the advance payments on time, a fine of up to 5% for each month is applied for them, and the value of the delay is calculated daily ,according to the law the compound administration has the right to start taking legal measures against the shareholders who do not pay the fees due in advance starting from the demand for payment until to file a lawsuit, and it may entail a legal mortgage on the property, also it may reach to transfer ownership.
Mechanism of determining the value of returns in residential compounds:
The value of the revenues is determined based on the above-mentioned operation, as if there are no special provisions mentioned within the compound administration plan, the revenue division is determined according to Article 20 of the Floor Ownership Law, so that the proportional distribution of revenues is determined as follows:
50% for staff
25% for energy and maintenance resources
25% for the administration of the compound
These percentages do not exchange regardless of the size of the residential compound or the number of independent parts in it or even in the diversity of public facilities and social services, and according to custom, the board of directors of the residential compound calculates the estimated expenses for a month and then submits them to the general council of the compound to be approved in a general meeting of the owners and transferred to An operating project, and thus it is considered a final decision that must be implemented.
