When buying a house, two of the most important concepts you’ll encounter in the title deed are floor easement and condominium ownership. Although these two types of title deeds are often confused, there are important differences between them.

Floor easement is a type of right established in buildings that are not yet completed or, even if completed, have not yet been converted to condominium ownership. At this stage, the title deed refers to the share in the land, not the independent unit.

Condominium ownership, on the other hand, is the type of title deed created after the completion of the building and obtaining the necessary permits, showing the independent ownership of the apartment or business premises. This title deed shows that the property has been legally completed and registered as an independent unit.

Brief Differences

• Condominium ownership refers to the right of ownership during the project or construction phase.
• Condominium ownership is the title deed for completed and ready-to-use independent units.
• Condominium properties are generally considered more secure by buyers and banks.
• A building must have an occupancy permit (habitation certificate) to be converted to condominium ownership.

Why is it Important When Buying a House?

The type of title deed is of great importance in understanding the legal status of the real estate you will buy. Therefore, it is necessary to pay attention not only to the physical condition of the apartment but also to the title deed records.

As The Telegraph, we provide professional support to our clients in real estate buying and selling processes in Alanya and its surroundings, from title deed review to expert appraisal, helping them make safe investment decisions.

Evaluating the title deed status with an expert team before making a real estate investment can prevent many problems that may arise in the future.