Bank GuaranteeWhat does it mean to get a bank guarantee in Turkey?
Riviera Invest now offer bank guarantee for all our property sales. This give you 100% security for your money if something unexpected happens so you don't get your Title Deed (Tapu) in agreed time. The bank guarantee also secure that you as a customer avoids any legal action in a Turkish Court to get your invested money back. This might be a big advantage for you; as a foreigner and under an unknown legal system.
Our Turkish bank, Türkiye Finans, will make an official document, bank guarantee, for the property you are buying. It gives a guarantee for the money you are investing. Then; if something happens so you don't get your Title Deed (Tapu) - e.g. in one year - you will get your money back. If you want, you can choose to use your bank guarantee after the Expiration Date, without involving Riviera Invest.
You can also choose if you want your bank guarantee to be in your home country bank or in your Turkish bank. This also mean that you can choose if you want the money paid back to your home country bank or to your Turkish bank. When you get the Title Deed (Tapu), the bank guarantee of course is canceled.
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