This strategy is for clients seeking a stable, predictable income and minimal involvement in operational processes.
The typical tenant tenure is 1–5 years, with payment often made a year in advance in a single payment, the contract is notarized, and utilities are borne by the tenant. This model is most often suited to 2+1 and 3+1, less commonly 1+1 apartments. The target income is approximately on€5,000 per year a property valued at approximately 100,000€, corresponding to a yield of approximately 5% per annum.
What does this mean for the investor?
- Estimated ROI is about 5% per year;
- payback period is about 20 years;
- The model is suitable for those who value stability over maximum profitability.
For tenants, long-term rentals in Mersin
- for foreigners - grounds for applying for a tourist residence permit
- For Turkish citizens – place of residence according to registration.
- An apartment for long-term rental should not be the basis for the owner's residence permit or the owner's place of registration.
Who rents housing?
- foreigners applying for a tourist or family residence permit;
- students;
- Turkish citizens who do not live in their own home but under a rental agreement;
- local and foreign residents who use the property for seasonal recreation but wish to have exclusive rights of use throughout the year.
How to arrange a long-term lease
- For a tourist residence permit based on rental, a notarized copy of the rental agreement.
- For foreigners, after approval of the first residence permit, registration of the address must be completed within 20 working days.
- Turkish tenants also draw up a notarized lease agreement and also register water, electricity, gas, and internet subscriptions in their names.
Utility costs for long-term rentals
- In long-term leases, the tenant pays the rent. Typically, the owners pay the complex's variable and unplanned expenses (extra rent).
Agency commission for long-term rentals
- For finding a tenant, maintaining a notarized lease agreement, and accepting payment from the tenant for rent, INCOME MERSIN's commission is the amount of one month's rent
How does a long-term contract end?
According to the official Article 347 of the Turkish Code of Obligations:
- If it is a fixed-term contract, the tenant must give notice of termination at least 15 days before the end of the term, otherwise the contract is extended for another 1 year under the same conditions;
- the landlord cannot simply terminate the contract just because the term has expired;
- In the case of an open-ended lease, the tenant may terminate the contract at any time in accordance with the general rules.
This is one of the key aspects of long-term rentals in Turkey: the law generally protects tenants and does not allow the landlord to automatically evict them simply because the rental agreement expires.
Property rental tax in Turkey
Rental income is income from real estate and its rights. It is subject to income tax under legal conditions.
to residential rental An exemption applies 58,000the Turkish lira for 2026.exemption limit, an annual declaration must be submitted, and the exemption amount is deducted from the income.
The tax rate on income exceeding 58,000 lira per year is from 15%.
For income for 2025 declared in 2026, the tax is paid in two equal parts:
- the first - until March 31, 2026, together with stamp duty;
- the second - until July 31, 2026.
The long-term rental strategy is recommended by INCOME MERSIN for owners who:
- don't want to invest in furnishing the apartment with furniture and appliances
- purchased apartments under Turkish citizenship and intend to receive a stable income from the investment within 3 years of encumbrance of the property
- They count on a stable annual income and do not plan to spend their holidays in their own apartment
Important! Owners can independently lease out their property long-term and enter into notarized lease agreements without a license.
Buying an apartment in Mersin for long-term rental and earning a stable income with INCOME MERSIN is a realistic and well-thought-out investment strategy.
specialists INCOME MERSIN will select properties in Mersin suitable for long-term rental, calculate potential returns, and help you develop a rental strategy based on years of sales and rental management experience.
