Short term rental has become increasingly popular in Istanbul due to the city’s rich cultural heritage, vibrant neighborhoods, and booming tourism industry. Travelers and business visitors alike prefer the flexibility, affordability, and local experience that short-term rentals offer compared to traditional hotels. This trend has significantly transformed the hospitality landscape, making Istanbul a hotspot for platforms like Airbnb.
Recently, the Turkish government took steps to formalise the industry. These are summarised below:
- Regulation mandates permits for rentals of 100 days or less.
- Apartment rentals of 100 days or less require unanimous approval from all property owners within the building or complex.
- Villa rentals for 100 days or less don’t need neighbor approval, but documentation is required.
On December 28, 2023, the Turkish Ministry of Tourism and Culture announced new rules for renting homes for 100 days or less. These rules say that anyone renting out their place for short periods, like on Airbnb, must follow certain requirements and get a permit.
Short term rental Over 100 Days
The new regulation primarily affects rentals of 100 days or fewer. Rentals exceeding 100 days are not included in this scope, meaning they are exempt from the new law’s obligations. However, such rentals must still comply with existing rental laws and standard lease agreements.
Short Term Rental for apartments
One crucial aspect of the new regulation involves short-term apartment rentals. To rent apartments for a short period, unanimous approval from all property owners in the building is required. Once this approval is secured, homeowners must apply to the Ministry of Tourism via the e-Government system for a tourism residence permit. This regulation is particularly significant for those planning to rent out properties on platforms like Airbnb or booking.com.
Rentals Within Complexes
A similar process applies to apartments within complexes for rentals of 100 days or fewer. In these cases, the unanimous approval of the building’s owners is also necessary before proceeding with the required application. After obtaining approval, homeowners can secure the necessary status for short-term rentals.
Villa Rentals
The regulation for villa rentals differs slightly due to the nature of villas, which are typically private and detached. Villa owners do not need neighbor approval for rentals of 100 days or fewer. This allows for a faster and more straightforward application process, provided that all necessary documentation and regulations are completed. It is crucial for villa owners to work with a company holding a TÜRSAB A group tourism certificate to ensure compliance.
This new regulation aims to streamline and regulate the process of short-term rentals, ensuring that all legal and procedural requirements are met.
Pera Property : Your Premier Property Management Solution in Istanbul
If you an international property owner looking to maximize your investment, Pera Property provides an armchair management experience. We specialize in managing apartments for owners just like you, ensuring your property stands out and generates impressive returns. Here’s how we can help:
Comprehensive Property Management
From day one, our team takes care of everything. We handle property listing, marketing, guest communications, and booking management. We ensure your apartment is always in high demand, maximizing occupancy rates and rental income. Our services include:
- Professional Photography and Listing: High-quality photos and engaging descriptions to attract guests.
- Multi-Platform Marketing: Your property will be listed on top short-term rental platforms, including Airbnb, Booking.com, and more.
- 24/7 Guest Communication: Our team is always available to answer inquiries and provide excellent customer service, ensuring positive reviews and repeat bookings.
Hassle-Free Hosting
We understand that managing a short term rental property can be time-consuming. That’s why we offer a full range of services to make your hosting experience seamless:
- Check-In and Check-Out Services: We handle all the logistics, ensuring a smooth experience for your guests.
- Cleaning and Maintenance: Our cleaning team keeps your apartment spotless, and our maintenance staff promptly addresses any issues.
- Supplies and Inventory Management: We restock essential items and ensure your property is always ready for guests.
Maximizing Your Returns
Our goal is to help you achieve the highest possible returns on your investment. We do this through:
- Dynamic Pricing: Using advanced algorithms, we adjust rental prices based on market trends and demand, ensuring competitive rates and high occupancy.
- Market Analysis: Regular reports on market trends and performance help you understand how your property is doing and identify opportunities for improvement.
- Guest Experience Enhancement: From welcome gifts to personalized local recommendations, we go the extra mile to make your guests’ stay unforgettable.
Legal and Regulatory Compliance
Navigating the legal landscape of short-term rentals in Istanbul can be challenging. We ensure your property complies with all local regulations, including obtaining the necessary permits and adhering to the new 100-day rental regulation. Our services include:
- Permit Application: We handle all the paperwork and submissions to secure the required permits for short-term rentals.
- Regulation Updates: Stay informed about changes in local laws and how they impact your property.
Dedicated Support and Transparency
We believe in building trust with our clients through clear communication and transparency. You will receive regular updates on your property’s performance, including:
- Monthly Financial Statements: Detailed breakdowns of income, expenses, and profits.
- Performance Metrics: Key indicators such as occupancy rates, average nightly rates, and guest reviews.
Why Choose us?
- Expertise: Our team has extensive experience in the Istanbul short and long-term rental market.
- Reliability: We manage every aspect of your property with professionalism and care.
- Growth-Oriented: Our focus is on maximizing your returns and ensuring sustainable growth for your investment.
Get Started Today!
Contact us now to learn more about our services and how we can help you succeed in Istanbul’s dynamic short-term rental market. Your investment deserves the best, and we are here to deliver.
