How to Prepare a Promissory Note – How is the Deed Filled Out

1- Payday: This is not a definite form requirement in the laws. A date written on the payday means a written declaration that payment will be paid on that date. If it has been agreed for paying/ collecting on a previously specified date, the date must be written. Otherwise, the bond, the maturity form of which is not shown, is paid when it is seen.

2- Turkish Lira: The amount specified in the promissory note, that is, it refers to the amount of debt / receivable that is the subject of the year. As can be seen in the example picture above, #5,000# is written on the right and left of the amount amount of the policy, which is a negotiable document. With this method, such symbols are written in the deed in order to prevent subsequent intervention, adding and subtracting numbers to the right and left of it.

3- Penny: Expresses the ratio of the amount of Debt / Receivable. If there is no cursing, it is enough to scratch.

4- No: If there is more than one promissory note, the promissory note number is written. In this way, both the creditor and the debtor can keep track of which promissory note there is, how many more promissory notes there are left.

5- Payment Term: The same payday written on the top is written here. If the general practices are 29.10.2016, they are written on the upper side and on the lower side as October 29, 2016. The purpose of this is to prevent confusion of lunar days and to make the content of the deed clearer.

6- Creditor: The name of the natural or legal person who is the creditor is written in the promissory note. If the legal entity is (e.g.: X ltd. sti, XXX a.ş) The official title of the company is written as Ali Akça and the real person is written as Ali Akça.

7- Amount of Debt / Receivable: The amount of the acquis subject to the promissory note is written in writing, not in numbers as written above, whether in TL or in foreign currency. The purpose here is to prevent the incorrect perception of the amount, its writing and to confirm the amount. A change at the top or bottom is one of the elements that helps to understand if a falsification is made.

8- Amount of Debt / Receivable: If there is a fraction, it is written in writing.

9- The reason for the debt: Here it is explained that the debt is caused by what you will receive. In more explicit terms, if money is paid to someone with the commitment to pay on the following day and this deed has been prepared in return, that is, if the money has been prepared in accordance with the debt, the phrase “in cash” is written in that part, and the phrase “malen” is written if payment is to be made in exchange for goods and services. The purpose here is to give the parties a chance to prove, especially in cases of debt cancellation, rejection or objection.

For example, he bought goods, and two months later, a promissory note was prepared. Receipt of the goods, advance payments, advances, invoice, delivery note delivery minutes and contract give the parties the power of proof to remedy the injustice, if any, by presenting evidence to the courts in disputes.

10- Court: It is written which court will deal with disputes arising from the deed. If the parties are in the same province, that province, if they are in different provinces, the province they have agreed with, the subject of turnover, or wherever they say, it is noted as the courts of Turkey.

11- Debtor person: This is the part where the information of the debtor who undertakes to pay is included. If the person is a real person here; Name, surname, open address and Turkish Republic identification number should be written. If the individual is a legal entity, the title of the company should be written as in the trade registry gazette, official invoice and stamp. The direct stamp of the company is also sufficient.

12- Date of issue: The date of issue of the promissory note is written, noting when the agreement was signed, and again carries the provision of evidence in possible disputes. A person who says that I have paid my debt can submit the payment, collection receipt or bank receipt and the date to the judge by comparing it with the promissory note.

13- Signature of the debtor: The name, surname and signature of the debtor are included. The borrower on the left side should write his name and surname, that person should sign.

In companies that offer legal personality, the company stamp or hand-written company information does not matter below or above, the representative authorized to sign the legal signature should be signed. This is important. Because if someone who is not authorized to sign, signs his signature, the person who signs will be obliged against the debt.

TCC m.613: “… Every signature put on the face of the policy, except for the signatures of the addressee or the discoverer, is considered an aval annotation …”

14- Guarantor : If there is a guarantor agreement regarding the debt that is the subject of a negotiable instrument, the name, surname and signature of the guarantor are signed. If the debtor does not pay his debt and it is not possible to collect it through foreclosure, the court seeks the collection of the debt for the creditor in the guarantor. The guarantor is the second debtor.

15- Guarantor information: The name, surname, address and Turkish ID number of the guarantor of the debt are written. Surety is not mandatory in the deed. A promissory note can be prepared without a guarantor.

16- Promissory note summaries: This is the section that facilitates the work of the creditor party more regarding the promissory note. While filing the notes, the debtor can follow up his receivables with information such as maturity and amount without looking at the contents of the notes. For the debtor, when it is filled in, it can be filled in again as a precaution against falsification, but it is not mandatory.

17- Content of the deed, its basis : Especially in this part, which is left blank, it can be added here that the deed was written for the contract (lease, collateral, installment), if there is a debt for which the deed was prepared. It would be better if it was written.

After intent, withdrawal, inability to pay, the following details should be paid attention to in the evidence related to the case.

The party who owes the deed must edit it in his own handwriting.
>Before signing the deed, both parties should definitely read it.
>After the deed is signed, the debtor must definitely take a photocopy of it.
>If there is a contract prepared separately for the deed, one copy of each copy must be present on the parties.
>When the deed is paid, especially the signature part should be torn out from there,
> The price has been paid, collected, the registration must be deducted,
> If possible, a receipt should be taken with a note that has been prepared regarding the following consistent deed dated,
> Even if it is paid, the promissory note should be kept for a while, precautions should be taken against disputes and fraudulent promissory note incidents that may arise in the future.
>Al, you should definitely not sign the blank deed by saying fill it out.

You can read our articles and petition examples by clicking here.