Canceling an apartment purchase contract: everything you need to know

Buying an apartment is a significant milestone in our lives, but it is also a major commitment, involving legal complexities and a significant expenditure of money. At the heart of the process is the apartment purchase contract, a binding legal agreement that specifies and regulates all the terms of the transaction between the buyer and…

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Real Estate Purchasing Groups in Israel

What Are Real Estate Purchase Groups, and What Legal Risks are Involved? Real estate purchase groups are a collective term for various types of associations made for the purpose of jointly purchasing a building or land for residence. Due to their many benefits, these purchase groups have become extremely popular in Israel. However, they inherently…

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What is a Real Estate Attorney?

As you are about to finalize a real estate deal in Israel, you may wonder, “What am I actually paying for here? Can’t I manage without paying thousands of shekels to someone just to draft a contract?” The following article will explain what is a real estate attorney in Israel – their role, necessary skills,…

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Delay in apartment handover from contractor

The Sales Law (Apartments) is a law designed to protect new apartment buyers from apartment sellers on several levels, and among other things it entitles apartment buyers to financial compensation in cases of a late handover of an apartment from a contractor. Compensation is given for a delay of more than a month in handing…

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“Pinuy Binuy” in Israeli National Outline Plan #38 Projects

What is Pinuy Binuy in Israeli national outline plan #38 projects? Pinuy Binuy (meaning clearance and construction) is an urban renewal project in which condominiums are destroyed, and new and improved condominiums are constructed in their place. In urban national outline plan #38 (“Tama 38“) it is possible to issue an order for certain buildings…

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Israeli Real Estate Lawyer

For many of us, real estate transactions are the largest and most important transactions we will make in our lives, and therefore they are often accompanied by many fears and concerns. To ensure your peace of mind when selling or buying real estate, it is important to rely on the services of a real estate…

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Drafting of a Clearance and Construction (“Pinuy Binuy”) Agreement between a Building Maintenance Committee (“Vaʻad Bayit”) and an Entrepreneur

What is the proper way to draft a Pinuy Binuy agreement between a building maintenance committee and an entrepreneur in a clearance and construction project in Israel under national outline plan #38 (the national plan for strengthening buildings against earthquakes, abbreviated tama 38 in Hebrew)? Clearance and construction projects by national outline plan #38 are…

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Purchasing an Apartment From a Contractor in Israel

Purchasing an apartment from a contractor in Israel may be cheap, but it is riskier than buying a second-hand apartment. The apartment does not yet exist, so the buyer cannot examine the quality of the construction or even be sure that the apartment will actually be built. Below we explain about the importance of having…

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