Complex sentence: Timarli Sipahi (timariot) was the holder of a fief of land ("tîmâr") granted directly by the Ottoman sultan or with his official permission by beylerbeys, and was entitled to all of the income from that land, in return for military service.
Split into simpler sentences: Timarli Sipahi (timariot) was the holder of a fief of land ("tîmâr") granted directly by the Ottoman sultan or with his official permission by beylerbeys. He was entitled to all of the income from that land, in return for military service.