Real Estate in Turkey The Government Guarantee Document Translation from | Page 2

the apartments signed by the municipality, and on this basis you avoid any gaps or
observations that may occur after the sale process, thereby avoiding any mistakes.
2. Emlak Konut accepts all payments, accounts and the bonds payments to its own
account, i.e. the account of Emlak Konut GYO, for payment of contractors' amounts and
expenses, they shall be paid in payments, in accordance with the assurance of the work
of contractors and the construction progress. As construction progresses, the company
shall pay back and forth to the contractors.
After the construction is completed by 100%, the initial ownership titles will be issued, and
rights and titles will be handed over to their owners.
After the complex is built and constructed, the quality of the construction shall be verified and
check again after one year of housing.
After the quality and continuity of the construction are verified and progressed well, and
ensuring there are no problems or lack in construction, the company can, in this case, pay the
contractor all the remaining dues, However, in the event of any shortage or modifications that
are to be completed by the Contractor, he shall first implement them as agreed with the
Company and make such modifications and alterations as necessary until delivery.
Reviews, inspections, and audits in the construction phase
In all its projects after the completion of the contract, Emlak Konut guarantee and provide
specialized architects, civil engineers, mechanical engineers, electrical engineers, map
engineers, landscaping engineers, On-site verification and research, ensuring the safety and
suitability of the construction site, and ensuring the establishment of a workers' oversight office
to carry out the following audits and reviews:
1. Emlak Konut – doesn’t allow in any way to start constructing and building without the
approval of architectural, structural, mechanical, social services, green spaces,
etc. Emlak Konut shall also verify and ensuring the construction, all materials, and
equipment used in the construction process, their correctness and suitability in the
constructions, it brings in a credible audit firm that provides specialized experts to verify
the quality of materials used in construction. If the materials are found to be unsuitable
for construction, Emlak Konut shall not make any payments or fees to the Contractor,
before altering and modifying the specific materials that are to be used in construction.
2. All projects and buildings carried out by Emlak Konut shall be implemented and built as
5-D designs, So that they are resistant to severe earthquakes, and the company shall