Maintanance Fee ( Aidat )

In Turkey, most residential and commercial properties are part of a housing complex or site, which comes with various shared facilities such as gardens, pools, parking lots, and security services. To maintain and manage these common areas and services, property owners are required to pay a monthly fee called “aidat” or maintenance fee. Aidat or Maintanance Fee is the resposibility of the tenant once the property rented out.

The amount of aidat varies depending on the size and type of the property, as well as the facilities and services provided by the complex. For example, luxury residential complexes with extensive facilities such as gym, sauna, and concierge services may charge higher aidat fees compared to a standard apartment complex with basic amenities.

Aidat fees are usually paid on a monthly basis, and failure to pay them on time may result in penalties or legal action. It’s important to carefully review the aidat regulations and fees of a housing complex before purchasing a property, and factor them into your budget and financial planning.

In addition to the aidat fees, some housing complexes may also charge one-time “katılım payı” or participation fee when a new owner or tenant moves in. This fee is usually a small percentage of the property price and covers the initial setup and registration costs for the new member.

Overall, aidat fees are an important aspect of property ownership in Turkey, and should be considered along with other costs and expenses. Working with a reputable real estate agent like Estates Istanbul can help you navigate these complex financial aspects of property ownership and ensure a smooth transaction process.