Property Title Types

Global Property Title Types

1. Freehold Title
   • Full ownership rights, where the owner has indefinite control over the property.
2. Leasehold Title
   • Grants the right to use the property for a specific period (e.g., 99 years, 125 years).
3. Commonhold Title
   • A type of ownership where individual units are owned separately, but common areas are collectively managed.
4. Strata Title
   • Ownership of individual units in a multi-story building or complex, common in Australia, Canada, and Singapore.
5. Condominium Title
   • Similar to strata title, it represents individual ownership of units and shared ownership of common areas.
6. Share of Freehold
   • Several unit owners in a building share ownership of the entire property.
7. Cooperative Title
   • Does not grant direct ownership but provides the right to be a shareholder in a company that owns the property.
8. Feudal Title
   • A historical ownership system where the land is owned by a lord or monarch.
9. Land Trust
   • The ownership of the property is held in trust to protect the owner’s privacy.
10. Equitable Title
    • Represents a financial interest in a property rather than legal ownership.
11. Life Estate
    • Grants the right to live in and use the property for the duration of a person’s life, without full ownership.
12. Mineral Rights
    • The right to extract minerals or natural resources beneath the land.
13. Air Rights
    • The right to use or develop the space above the property.
14. Water Rights
    • The right to use water resources located on or near the property.
15. Easement
    • The right to use another person’s land for a specific purpose, such as access.

Property Title Types in Turkey

1. Independent Parcel Title
   • A parcel that is independently registered under one individual or entity’s name.
2. Shared Title
   • Ownership of a property shared by multiple parties, with each having a specific share.
3. Construction Servitude (Kat İrtifakı)
   • Property rights established for individual units in an unfinished building, before full ownership is granted.
4. Floor Ownership (Kat Mülkiyeti)
   • A type of ownership for individual units (e.g., apartments, shops) in a completed building.
5. Shantytown Title
   • Title given to properties usually built illegally and outside of urban planning.
6. Encumbered Title
   • Property with encumbrances such as mortgages, liens, or restrictions.
7. Allocated Title
   • Property allocated to the state or an institution for a specific purpose.
8. Possession Title
   • The right to use and manage a property without legal ownership.
9. Pre-emption Right (Şufa Hakkı)
   • The right of first refusal for certain individuals when a property is sold.
10. Usufruct Right
    • The right to use someone else’s property and benefit from it without owning it.