Skip to content
Contact Us: 03-3724722 | 055-9781688 | [email protected]

Attorney’s fees for the preparation of a lease agreement – what are the acceptable rates?

Michael Decker
Michael Decker

What’s the usual cost of attorney’s fees with respect to the creation or review of a lease agreement in Israel? Some assume in advance that the cost would be too high, and instead opt for the solution of using a lease agreement downloaded from the internet. This article explains why this should be avoided, and provides information on the costs associated with a rent agreement drafted by a lawyer.

Our law firm, located in Jerusalem and Tel Aviv, specializes in contract and property law. Our law firm provides a variety of legal services for both private and corporate lessees and lessors. Among other things, our firm handles private apartment, office and business leases, commercial contracts, and sale agreements.

Attorney’s fees lease agreement

Why do you need a lawyer to create a contract?

A lease agreement includes many details that both parties should note. Even if one of the parties (in most cases, the lessor) has created the wording of the lease agreement, and if they have obtained the assistance of a lawyer for this purpose, the lessees (renters) should obtain legal assistance with respect to the contents of the contract, if they’re not familiar with the law on this subject. Unfortunately, this is not always done these days. Many opt for the accessible solution of downloading a standard contract from the internet, filling out the missing details, and then having both parties sign it.

This is often a mistake for one or both parties, one which might cost a significant amount of money, and instigate a legal dispute. There is a broad spectrum of legal aspects which the parties don’t always consider in advance, since they’re not familiar with the provisions of the Rental and Lending Law and additional laws that apply to them. Standard contracts from the internet don’t always address all issues that are relevant for you. We have explained this extensively in another article published on our law firm’s website. We recommend seeking the assistance of a lawyer specializing in contract and property law, both for the preparation and for the review of a lease agreement.

What are the costs of an attorney’s fees for the preparation of a lease agreement?

In contrast with other areas, such as bodily injury suits following car accidents, so far no minimum or maximum rates have been established for reviewing a lease agreement. Hence, attorneys’ fees vary between different law firms. Of course, this also depends on the scale of work required to create a specific contract. For example, the preparation of a contract is different in this respect from reviewing a contract prepared by the other party. Meaning, attorneys’ fees for the preparation or review of a lease agreement might vary between different cases. However, over the years, a generally accepted market price has emerged. The generally accepted price currently stands at a cost equal to approximately one month of rent.

What else should you know with regards to attorney’s fees for the preparation of a lease agreement?

It’s worth knowing the difference between the prices of a residential lease agreement compared with a business lease agreement, which are generally higher. This is because a lease for business purposes involves relatively complex legal issues.

This includes the specification of many details (such as the purpose of the lease, the size of the area in which business activity is conducted, the essence of the business activity, etc.). In addition, such contracts also affect future land appreciation tax, which should also be addressed while creating the agreement. In accordance with the regulations stipulated in this subject, there might also be a tax deduction.

Contact a lawyer specializing in contract and property law.

The lease agreement specialists from our law firm would be happy to assist you with any question on this subject. Our law firm specializes in contract and property law, and provides professional and uncompromising services to its clients in a broad variety of legal issues.

Contact Us

  • ✓ Valid number ✕ Invalid number
  • This field is for validation purposes and should be left unchanged.

Scroll To Top