INHERITANCE DIVISION AND VOLUNTARY SHARING AGREEMENT
ARTICLE 1: PARTIES AND ESTATE Following the death of the deceased (Deceased) …………………… (Turkish Republic Identity Number: ……………………), the legal heirs registered in accordance with the inheritance certificate dated ……/……/20…… and numbered …………… Case, …………… Decision, issued by the …………………… Civil Court (or Notary Public);
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(Heir's Full Name) – (Turkish Republic Identity Number: ……………………)
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(Heir's Full Name) – (Turkish Republic Identity Number: ……………………)
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(Heir's Name and Surname) – (Turkish Republic Identity Number: ……………………) have reached full agreement regarding the division of the assets within the estate.
ARTICLE 2: SUBJECT OF THE AGREEMENT The subject of this agreement is the division of movable and immovable properties, which have been transferred from the deceased to the heirs and are subject to joint ownership, among the heirs in accordance with the provisions of the Turkish Civil Code, and the individualization of ownership and its registration in the relevant registers.
ARTICLE 3: PRINCIPLES OF DISTRIBUTION (DIVISION LIST)
A) Real Estate:
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Property 1: The ownership of the immovable property registered in …………………… province, …………………… district, …………………… neighborhood, …………………… block, …………………… parcel will be registered as joint ownership in the names of the heirs (Name Surname) and (Name Surname) in a 50/50 ratio.
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Property 2: The full ownership (1/1 share) of the immovable property registered in the land registry as a "Residential" property located at …………………… address, …………………… district, …………………… province, will be registered in the name of the heir (Name Surname)
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Property 3: The ownership shares of the immovable property, classified as "Commercial Premises," located in …………………… province, …………………… district, …………………… island, …………………… parcel, will be registered as follows: 30% (Name Surname) , 50% (Name Surname) , and 20% (Name Surname)
B) Movable Assets:
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Vehicle Transfer: The vehicle with license plate number ……………………, make ……………………, model ……………………, registered in the name of the deceased, is hereby transferred, along with all rights and obligations, to the heir (Name Surname)
ARTICLE 4: DECLARATION AND UNDERTAKING We, the undersigned heirs, acknowledge that the distribution detailed above is fair, corresponds to our inheritance shares, and that we have suffered no loss of rights. We mutually consent to the application of the ratios determined in this agreement at the Land Registry Office, Traffic Registration Offices, and relevant banks, and to the completion of registration procedures accordingly.
ARTICLE 5: EFFECTIVE DATE AND SIGNATURE This voluntary partition agreement, consisting of 5 articles in total, has been read and confirmed by the parties and signed on ……/……/20……
(Name – Signature) (Name – Signature) (Name – Signature)