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THE TURKISH APARTMENT OWNERSHIP ACT
SECTION FIVE: Management of Main building

A) General Assembly:

Article 27 – Main building shall be managed by the board of property owners and the method of management shall be decided by this board with the statutory provisions of the laws reserved.

B) Management Plan:

Article 28 – The management plan shall regulate the method of management, purpose and method of property occupation, fees to be collected by the manager and auditors and other issues concerning management. The management plan shall constitute a contract binding all property owners.

Disputes that may arise from the management of the main building shall be resolved in accordance with this law and the general provisions in cases where a provision is not provided in the management plan.

(Amended paragraph: 13/04/1983 - Article 2814/11.) Any amendment to the management plan shall be decided upon with the votes of at least four fifths of all property owners. The right of property owners to apply to courts according to Article 33 is reserved.

The management plan and any amendments made thereto shall be legally binding for all property owners together with their complete and partial successors, and managers, and auditors.

The dates of management plan and any amendments made thereto shall be registered in the (Statements) field of property owners’ ledger and such amendments shall constitute a part of the management plan and shall be kept together with the articles of organization for property ownership.

C) Meetings and decisions of the board of property owners:

I – Time for meeting:

Article 29 – Board of property owners shall convene at least once a year at dates specified in the management plan or within the first month of each calendar year if no such dates are specified.

If an important reason occurs, the board of property owners can be called to convene upon the demand of manager or auditor or one third of property owners with a written message or a registered letter indicating the reason for the meeting and signed by all property owners at least 15 days prior to the date of meeting.

In the first call for the meeting, the venue and date of the second meeting, in case the first meeting cannot be held due to lack of quorum, shall be defined.

II - Quorum:

Article 30 – Board of Property Owners shall convene if more than one-half of property owners or those having more than one-half of the land shares are present and shall decide with the majority of votes.

If the first meeting cannot be held due to lack of quorum, the decisions shall be made by majority of votes of those who attend the second meeting which is held within the following week at the latest.

The provisions in this law regarding the quorum per se are reserved.  

III – Right to vote:

Article 31 – Each and every property owner shall have one vote regardless of their land share proportions.

Property owners with more than one independent property in the main building shall have one vote for each independent property; however, his/her total votes shall not exceed one third of total votes regardless of the number of independent propertys he/she possess, and fractions shall not be taken into account while calculating the number of vote rights.

If there is more than one owner of an independent property, they will be represented in the board of property owners by one person they will authorize. Property owners who are not eligible to attend the board shall be represented by legal representatives.

Property owners who shall be directly affected by the decisions taken can be present at the meetings but shall not have votes.
 
Property owners can designate representatives to vote on their behalf; however, the same person cannot be designated as representative to cast more than one third of total votes.