Levent Lezgin Kılınç

One of the most common and complex areas of dispute between parties in tenancy relationships concerns the construction and renovation works carried out by tenants on the property they have rented. These works are sometimes carried out without the property owner’s knowledge, and at other times based on approvals granted without sufficient legal scrutiny. The issue is not limited to the private law relationship between the parties.

Whilst the free transferability of shares is a fundamental principle in the structure of a public limited company, the adoption of absolute freedom of transfer may also entail drawbacks such as the inclusion of undesirable third parties in the company or the acquisition of shareholder status by individuals who will not fulfil the obligations expected of shareholders.

Land share-based construction contracts, which have become a cornerstone of the real estate and construction sectors, are dual-purpose and hybrid contracts that encompass both a promise to sell real property and an obligation to create a work of construction within a single legal relationship.