Deadline Readiness Review — Corporate Seller Authority
Readiness does not mean that company documents exist somewhere in a folder. It means that every document needed for the next irreversible step is current, consistent with the seller and property, and supported by a clear owner and closure date for any unresolved item. A transaction involving a corporate seller should therefore be divided into gates: before a deposit that may be difficult to recover, before a binding agreement, before a material transfer of funds, and before the land-registry appointment. Authority should not be postponed as a question for closing day.
Gate 1: before reservation or deposit
Identify the seller by its complete registered name and MERSİS or trade-registry number. Identify the person negotiating for it and compare the seller entity with the current registered owner of the property. If a sales company, broker or project marketer is different from the title owner, document the relationship instead of assuming that the intermediary may receive the purchase money. Any advance should have a written purpose, beneficiary and refund rule, and the bank account should be independently verified before funds leave the buyer.
Gate 2: before the binding contract
Understand the registered representation method before signature. Obtain current registry information and relevant announcements, then inspect the board resolution, shareholders resolution, power of attorney or other authority instrument supporting the sale. Joint representation means that every required signer or approval must be arranged. Check whether the authority is transaction specific, whether it identifies the property, whether it contains price or transaction limits, and whether receiving the sale proceeds is within scope. Foreign corporate documents may also create translation, apostille or legalization work that must be completed before the document can be relied on.
Gate 3: before a material payment
Signing authority and bank verification address different risks and should both be completed. Reconfirm that the person issuing payment instructions remains authorised, and verify the beneficiary name and IBAN through an independent channel. Reconcile the amount with the contractual payment schedule and retain the bank reference. A post-contract change of account should be treated as an exception requiring fresh confirmation and a documented approval trail, not as a routine administrative amendment.
Gate 4: before title transfer
If time has passed or a corporate change has appeared, refresh the trade-registry evidence. Prepare the representative identity, authority document and any necessary corporate resolutions. Reconcile the registered owner, independent-unit number, land share and relevant encumbrances with the contract. The existence of a land-registry appointment does not itself prove that every corporate-authority issue has been solved. The closing file should answer four questions without inference: who will sign, in what capacity, under which current authority, and to whom the final settlement is payable.
Readiness board
- Entity: exact name, registry number and current status confirmed.
- Representation: individual, signing method and scope confirmed.
- Property: owner, unit and restrictions reconciled.
- Payment: beneficiary, IBAN and amount independently checked.
- Timing: no material document expired and no open condition lacks an owner and due date.
A red item should produce an explicit decision: postpone, proceed only under a condition that does not release irreversible value, or obtain the missing evidence. A commercial deadline is not evidence and cannot cure a missing authority chain.
FAQ
Which deadline should be identified first?
The first point after which money or obligations become difficult to recover. That is often earlier than the title-transfer date.
Is approval from a sales manager enough?
Not unless the person is the authorised representative or holds a valid delegation covering the act. Job title alone does not create legal authority.
What if a required board resolution is still missing shortly before closing?
The authority condition remains open. If the resolution is needed to prove the company can enter the transaction, it must be obtained and checked before the step that depends on it.
Official sources
- Ministry of Trade — MERSİS: https://ticaret.gov.tr/ic-ticaret/ticaret-sicili/merkezi-sicil-kayit-sistemi-mersis
- Ministry of Trade — Trade Registry: https://ticaret.gov.tr/ic-ticaret/ticaret-sicili
- TKGM — Land Registry Transactions: https://www.tkgm.gov.tr/tapu-db/tapu-islemleri
- TKGM — Sale documentation: https://www.tkgm.gov.tr/en/node/206