Suing a Turkish Developer for Delayed Project Handover: Penalty Compensation, Rental Loss, and Contract Rescission
When construction deadlines pass, Turkish developers routinely cite domestic inflation, currency depreciation, or municipal permitting delays as unpenalized "force majeure"—yet under Turkish commercial jurisprudence, professional builders are legally bound as prudent merchants to absorb market risks, and handing over physical keys without an official municipal Occupancy Certificate (İskan) does not constitute lawful delivery under the law. As an off-plan purchaser, developer default (müteahhidin temerrüdü) triggers powerful statutory remedies under Articles…