In the aforementioned regulation, if the parties fail to agree on foreign currency-indexed contracts or contracts that include foreign exchange, the principles regarding the conversion of the values to Turkish lira and the increase rates to be applied in the two-year transition period to the prices determined as Turkish lira in residential and business lease contracts are determined. In this respect, it is regulated under the relevant regulations that the transition will end at the end of the two-year period and if the parties cannot agree on the increase rate to be applied to the Turkish lira prices, the increase rate will be subject to the limits in the article 344 of the Code of Obligations numbered 6098.
the Ministry of Treasury and Finance noticed that after the expiry of the two-year period foreseen for the transition period, it is not possible to apply the amounts included in the said contracts in foreign currency or indexed to foreign currency again, or to be determined in foreign currency or indexed to foreign currency again, and in case of detecting otherwise, necessary sanctions will be applied in accordance with the foreign exchange legislation.