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Trustee agreements may not be used to exceed the limits

Rule record · last verified 14 September 2026

In force since 21 May 2024.

Rule

Foreign natural or legal persons may not conclude a trustee (yediemin) agreement in order to buy more property than the law allows, whatever the Contracts Law or the Trustees Law would otherwise permit. The parties to such an agreement commit an offence.[1]

Applies to

Who:
Individuals · Companies and other legal entities · Trustees acting for a foreigner

Where this rule comes from

Instrument
Immovable Property Acquisition and Long-Term Lease (Aliens) Law, No. 52/2008, consolidated with amending Law 39/2024, Article 8(15); penalty in Article 16(7)
Authority
Assembly of the Republic (Cumhuriyet Meclisi), TRNC
Jurisdiction
Turkish Cypriot administration (TRNC)
Basis
Legislation · asserted by us within this jurisdiction
Verification
Primary source verified. We read the primary text ourselves on 14 September 2026.
Legal review
Not yet reviewed by a named legal reviewer. Marked for priority review.

Regulatory events

History of this rule

  • — First published from the primary text. (version 1, First published)

Sources for this rule

Numbered in order of first use. Each entry names the kind of source it is and the day we read it.

  1. [1]
    Immovable Property Acquisition and Long-Term Lease (Aliens) Law, No. 52/2008, consolidated with amending Law 39/2024

    Central Legislation Office, TRNC · Legislation and gazettes · 10 November 2008 · original in Turkish · accessed 14 September 2026 · source record

Cite this record

https://northcyprusreference.com/en/rules/trustee-agreements-prohibited

Identifier trustee-agreements-prohibited · Open data · challenge this rule