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The Regulation Amending the Regulation on Shopping Malls (“Amendment Regulation”) has been published in the Official Gazette dated 8 May 2025 and numbered 32894 and entered into force on the date of its publication. With the Amendment Regulation, various provisions have been introduced regarding shopping malls, particularly in relation to common use areas, the suspension of regulatory obligations, and the reporting of shared revenues and expenses. The key provisions of the Amendment Regulation are summarized below:
a) Automatically, for shopping malls with a leasable sales area of less than 10.000 square meters or fewer than 30 retail units; b) In the case of shopping malls with a leasable sales area between 10.000 and 20.000 square meters, if it is determined that more than half of the retail units are not operational during the period of activity, or are not operated by nationally or internationally recognized retail enterprises.
The audit report, which must detail each instance of non-compliance with shared expense allocation rules separately and explicitly, shall be delivered to all retail tenants who contribute to shared expenses by the end of July each year. A certified copy of the submission evidence, duly approved by the shopping mall owner or management, must also be submitted to the KEP address announced on the Ministry’s website by the end of August each year. The full text of the Amendment Regulation can be reached through this link (Only Available in Turkish). |