Newsletter on the Regulation of Renting Activities Related to Residences for Tourism Purposes
(i) The Regulation Amending the Regulation on Regulation of Renting Activities Related to Residences for Tourism Purposes (“Regulation“) and (ii) the Communiqué on Notifications to be made to the Ministry by Intermediary Service Providers Facilitating the Renting of Residences for Tourism Purposes (“Communiqué“) have been published in the Official Gazette on July 26, 2024.
- The amendment to the Regulation includes residences with timeshare properties within the scope of Article 5, which regulates permit applications. In the short-term tourism permit processes for independent sections established as timeshare rights under a timeshare agreement, the board of condominium owners/common owners must provide a decision obtained through representatives selected from among themselves or chosen by the condominium owners’ board.
In this case, the permit certificate will be issued in the name of the management company authorized by the condominium owners’ board, and high-quality residential qualities will be required for the certification of the properties with established timeshare rights. These amendments entered into force on July 26, 2024.
Furthermore, the Ministry of Culture and Tourism (“Ministry“), has been granted expanded authority under Article 14 of the Regulation, including the power to share data with relevant public institutions and organizations, travel agencies, and intermediary service providers.
- The Communiqué regulates the notification obligation of intermediary service providers, who publish online advertisements for the rental of residences for tourism purposes, to the Ministry on a monthly basis. The first notifications to be made by intermediary service providers must cover the advertisements before July 15, 2024, and must be submitted within one week from the effective date of the Communiqué.