Title / Koçan: What is it and Why are They Needed?
In light of the recent initiatives by the TRNC government regarding the mandatory registration of real estate, let’s explore what a title or koçan is.
- What is the Difference Between a Title and a Koçan?
- Types of Titles in Northern Cyprus
- Why You Need a Title / Koçan in the TRNC
What is the Difference Between a Title and a Koçan?
There is no difference, these are identical terms. A title comes from the English "Title Deed," while koçan is derived from the Turkish "Taşınmaz Mal Koçanı." It is a document that establishes ownership of property, issued by the Land Registry Office.
Types of Titles in Northern Cyprus
There are several types of titles in Northern Cyprus. They differ based on the grounds upon which the document was issued. To clarify the type of title, one needs to consult the Land Registry Office. Here we discuss the first type of title as the most popular one.
- Türk Koçanı — Turkish Title (issued to Turkish Cypriots who owned property in the north before 1974)
- Eşdeğer Koçanı — Exchange Title (issued to Turkish Cypriots who owned property in the south before relocation)
- Tahsis Koçanı — Allocation or Distributed Title (issued to Turkish Cypriots without property in the south and to Turks)
- Mücahit Koçanı — Mujahid Title (issued to participants of the 1974 military operations)
- İngiliz Koçanı — British Title (issued for properties owned by British nationals before 1974)
Why You Need a Title / Koçan in Northern Cyprus
To fully own property according to the laws of Northern Cyprus and to carry out real estate transactions. Without a title, you are still the owner, but to make transactions, you will need to contact the developer — the title is initially in their name — and bear additional costs.
Additionally, a new law on real estate for foreigners was recently passed. According to it, all owners must register their sales contracts and submit an application to the Council of Ministers for purchase approval within 6 months of the law’s entry into force, i.e., by 21.11.2024.
SERVICES
Consultation with a licensed lawyer in the TRNC
Drafting contracts in one language
Drafting contracts in two languages
Real Estate Encumbrance Check (SEARCH)
Preparation of documents for obtaining Beyaz Kimlik
Legalization of a power of attorney issued abroad
Debt note
Drafting a will in two languages, registration in the local court
Inheritance/will processing
Establishment of a local company
Company registration (free port)
Representation of your interests in court
Property purchase; full conveyancing package
Registration of the sales contract at Tax Office and Land District Office
De-registration of the sales contract at the tax office and land district office
Title deed transfer
Application to the council of ministers for purchase permit
Declaration of surplus property
Signing of documents as legal representative (power of attorney)
Assistance with water connection
Assistance with electricity connection
Аssistance with water + electricity connection