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Demolition Process of Risky Buildings
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Eksioglu İnsaat

Eksioglu İnsaat

Eksioglu İnsaat

Eksioglu İnsaat
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The demolition process of buildings begins with the finalization of the risk assessment report, and a demolition period of no less than 60 days is determined for the property owners. The existence of a mortgage on the building to be demolished does not prevent the demolition; mortgages will continue to apply to the shares even after the building is demolished.
The Provincial Directorates of Infrastructure and Urban Transformation will check whether the building has been demolished within the given timeframe. If it is determined that the building has not been demolished within the specified period, the property owners will be notified with an additional period of no less than 30 days to demolish the building, and a warning that if the building is not demolished within this extended period, the administrative authorities will carry out the demolition process.
If the property owners fail to carry out the demolition within the extended time granted, the demolition will be carried out or commissioned by the local and administrative authorities, with the evacuation and demolition costs covered from the transformation projects account.
If the risky structure is still not demolished after this entire process, the costs are reported to the land registry offices, and the Ministry demolishes or orders its demolition. The land registry offices then include a joint mortgage on the landowners' shares for the amount of the costs and provide written information to the Ministry and the rights holders.
The Process After the Demolition of a Risky Building
The homeowners' association meeting should be convened after notification is sent via a notary public by the manager, auditor, or one-third of the homeowners. If the meeting invitation is not sent in accordance with proper procedure, the process may be prolonged as appeals are possible; therefore, sensitivity should be shown to this matter.
If a unanimous decision cannot be reached on the proposed actions at the first meeting, the value of the building will be determined by licensed valuation firms registered with the Capital Markets Board before the second meeting. This valuation will be attached to the invitation for the second meeting, sent via a notary public, and communicated to the co-owners. At the second meeting, an attempt will be made to reach a unanimous agreement. If a unanimous agreement cannot be reached, the decision on the proposed action may be made by at least a two-thirds majority of the co-owners, and this decision will be signed by all co-owners. The decision will be communicated via a notary public to co-owners who were not present at the meeting and did not agree with the decision. The notification will state that if they do not accept this decision within 15 days, their shares will be sold to other shareholders through an auction at a price no less than the market value determined by the Ministry. If the sale does not take place, the shares will be paid by the Ministry and automatically registered in the name of the Treasury.
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