What is the legal cap on rent increases?
Under the Turkish Code of Obligations, the increase for a renewed lease year on residential and covered business premises cannot exceed the twelve-month average change in the consumer price index for the previous lease year. If a lower rate has been agreed in the contract, that rate applies.
Leases that have lasted five years
For leases longer than five years, or renewed after five years, the rent for the new lease year is set fairly by the judge, taking into account the CPI change, the condition of the property and comparable rents. Mediation is mandatory before filing such a case.