It can be seen that real estate plays an important role in the economy of any country. Not only does it provide places to live and work, but real estate is also a valuable asset that can generate profits through rental or investment. Moreover, the value of real estate tends to increase over time, especially in developing areas. Investment, purchase, rental, and other activities related to real estate must comply with legal regulations and business ethics.

Some Important Regulations in Real Estate

After understanding the basic information about what real estate is, we will continue to explore the essential points in the real estate market. When participating in this market, it is crucial to grasp the regulations and considerations involved. Here are some important regulations to keep in mind when entering the real estate field:

Adjacent Boundaries Between Real Estates

Participating in the real estate market requires a thorough understanding of legal regulations to avoid legal risks and protect your rights. These regulations include transactions, transfers, boundary determinations, and reasonable use of assets. Here are some key regulations to note when dealing with real estate:

The boundaries between adjacent real estates are determined based on agreements between the parties or by decision of the competent state authority. In some cases, boundaries can also be determined by custom or based on boundaries that have existed for 30 years or more without dispute. Encroachment, alteration of boundary markers, even when the boundary is a canal, ditch, trench, or field edge, is strictly prohibited. All parties must respect and maintain these common boundaries.

Land users have the right to use the space and underground area vertically from the boundaries of their land parcel in accordance with the law and must not affect the land use of others. They are only allowed to plant trees and perform other activities within the premises of their own land. If tree roots or branches exceed the defined boundaries, the land user must trim the roots and branches that extend beyond, unless otherwise agreed between the parties (Article 175 of the Civil Code 2015).

Boundary Markers Between Real Estates

Owners of real estate are only permitted to erect boundary markers, fences, plant trees, and build dividing walls on the land they own. Adjacent real estate owners can agree to erect boundary markers, fences, plant trees, and build dividing walls on the boundary line to serve as boundary markers between their properties; these boundary markers will be jointly owned by the involved parties.

If the boundary marker is created by one party on the boundary line and agreed upon by the adjacent property owner, it becomes jointly owned, and the construction costs will be borne by the party that created it, unless there is another agreement. If the adjacent property owner does not agree for a legitimate reason, the owner who erected the boundary marker, fence, planted trees, or built the dividing wall must remove these constructions.