LETTER OF GUARANTEE AND ITS IMPORTANCE IN URBAN TRANSFORMATION APPLICATIONS
One of the biggest concerns of flat owners in urban transformation practices that accelerate the construction industry, which is the locomotive of our country's economy, is whether the contractor they have agreed with for the reconstruction of their buildings has the economic power to carry out the construction they have undertaken. Bank letters of guarantee provide assurance for land owners, especially to eliminate such risks.
DELIVERY OF DEFECTIVE BUILDINGS IN URBAN TRANSFORMATION APPLICATIONS
While Urban Transformation practices, which entered Turkish Law and our daily lives in 2012 with the LAW No. 6306 ON THE TRANSFORMATION OF AREAS UNDER DISASTER RISK, aim to serve the development of the country and provide citizens with new and durable buildings, frequent problems are encountered in the applications.
