A New Era in Property Transactions Begins Tomorrow: Those Fees Will Now Be Refunded - Sözcü Newspaper.
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5 Articles
With the regulation that will end the practice of transferring the Compulsory Earthquake Insurance (ZDS) policy to the new property owner in housing sales as of September 5th, citizens selling their homes will have the premiums for the unused period refunded, and new policies will be required for buyers.
With the new DASK (Turkish Natural Disaster Insurance Pool) regulation that came into effect on September 5th, policy transfers for home sales have ended. While those selling their homes will receive a refund of the premium for the unused period, new buyers must obtain a policy in their own name before transferring the title deed.
A new era for Compulsory Earthquake Insurance, which closely concerns both those buying and selling homes, begins on September 5th. The practice of transferring an existing policy to a new homeowner will end, and the process will change for both sellers and buyers. Those selling their homes will be able to receive a portion of the premiums they paid for the remaining period of the policy back. 🚆
The new application, which involves millions in the purchase and sale of housing, comes into force on September 5. Together with the transactions on the deed, one of the existing applications will end, and the way to a refund will be opened for those who sold their home under certain conditions. Here are the details of the new era...
Economy - With the regulation that will end the practice of transferring the Compulsory Earthquake Insurance (ZDS) policy to the new property owner in housing sales as of September 5th, citizens who sell their homes will be refunded the premiums for the unused period.
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